Expansion of banquet and other ancillary revenue
First written in FY2017-Q2. 6 of 13 entries say "Advanced", first in FY2018-Q3. Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025AdvancedAnnual report
「Occupancy at accommodation facilities increased, including at the newly opened “Hybrid Common House,” a comprehensive conference hotel focused on meetings and training. Ancillary sales, including food and beverage, meeting rooms and various programs, also performed well.」
The Company is expanding banquet and other ancillary revenue through increased use of conference hotels for corporate training, food and beverage facilities, meeting rooms and various programs. - FY2024-Q3AdvancedAnnual report
「At the restaurant at the Mana Gary Player Course, the buffet-style service resumed in December and was well received, leading to increases in visitor numbers and reservations.」
At the restaurant at Resol no Mori, the Company resumed buffet-style service in December, leading to increases in visitor numbers and reservations. - FY2022AdvancedAnnual report
「The Company also sought to generate revenue outside golf by actively operating camping sites at its golf courses.」
In addition to its traditional banquet and other businesses, the Company added golf-course camping site operations as a means of generating revenue outside golf. - FY2022-Q3Partial recovery in demand for corporate entertainment and golf competitionsAnnual report
「Demand for outdoor sports that avoid crowds remained firm, while demand for corporate entertainment and golf competitions was also beginning to recover partially.」
Regarding demand for golf competitions and banquets, which had been weak in the previous fiscal year, the Company stated that demand for corporate entertainment and golf competitions was beginning to recover partially. - FY2021Weak demand for banquets and golf competitionsAnnual report
「Although demand for outdoor sports increased amid the spread of COVID-19, golf competitions and banquets performed poorly.」
While the Company had been targeting expansion of banquet and other ancillary revenue, it stated that demand for golf competitions and banquets was weak during the fiscal year. - FY2019AdvancedAnnual report
「As part of transforming the golf course business model, the Banquet Business benefited from growing demand for memorial services and banquets, attracting a broad range of visitors in excess of the previous year.」
The Banquet Business captured demand for memorial services and banquets, achieving attendance from a broader range of visitors than in the previous year. - FY2019-Q2RestatedAnnual report
「In the Banquet Business, which offers enjoyment beyond golf, the Company worked to attract more customers, including by increasing restaurant use through buffet menus featuring local ingredients and healthy options and event planning, while also improving customer convenience through measures such as installing automated payment machines.」
The Company continues to attract customers through buffets and events featuring local ingredients and healthy options, while improving convenience through automated payment machines. - FY2019-Q1RestatedAnnual report
「In the Banquet Business, which offers enjoyment beyond golf, the Company worked to attract more customers, including by increasing restaurant use through buffet menus featuring local ingredients and healthy options, as well as event planning.」
The Company continues initiatives to attract restaurant customers, including non-golfers, through buffets and events featuring local ingredients and healthy options. - FY2018AdvancedAnnual report
「As part of transforming the golf course business model, the Banquet Business attracted a broad range of visitors beyond golfers with varied buffet menus featuring local ingredients and healthy options, as well as various events and programs.」
The Company developed the Banquet Business by using buffets featuring local ingredients and healthy options, together with events and programs, to attract customers other than golfers. - FY2018-Q3AdvancedAnnual report
「The Company worked to attract more customers, including by increasing general restaurant use through strengthening its “Banquet Business,” which offers ways to enjoy the facilities other than golf.」
The Company again specifically highlighted the Banquet Business, which had previously received less explicit attention, and worked to attract more customers by increasing general restaurant use. - FY2017DroppedAnnual reportThe description of the golf operations business for the fiscal year does not explicitly mention expanding banquet and other ancillary revenue.
- FY2017-Q3RestatedAnnual report
「The Company also focused on securing banquet and other ancillary revenue as a new source of revenue for its golf courses.」
The Company continues initiatives to make banquet and other ancillary revenue a new source of revenue for its golf courses. - FY2017-Q2First statedAnnual report
「In the golf operations business, which is focused on expanding banquet and other ancillary revenue, attendance grew steadily and exceeded the previous year despite the effects of prolonged summer rains, typhoons and other adverse weather. The business expanded product planning and health-focused events under the theme of “Health and Bonds” and worked to improve customer satisfaction.」
The Company explicitly stated that it was expanding banquet and other ancillary revenue in the golf operations business.