Expansion in Tour Orders Driven by the Go To Travel Campaign
First written in FY2021-Q2. 1 of 4 entries say "Dropped", first in FY2022. Latest entry: FY2023-Q3.
Adventure moved to the "Worse" side of this theme in 2023.
The whole theme swung hardest in 2023: 1 of 9 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2023-Q3ReframedAnnual report
「In the consumer business, the Group's results improved due to the subsiding impact of COVID-19, the resulting normalization of socioeconomic activity and the impact of the Nationwide Travel Assistance scheme. Revenue in the segment was ¥14,921,987 thousand, up 88.1% year on year, and segment profit was ¥2,384,556 thousand, up 53.4%.」
The Nationwide Travel Assistance scheme, rather than the former Go To Travel Campaign, was cited as a factor behind the improvement in results. The disclosure indicates that the successor travel-support measure stimulated demand and increased revenue and profit in the consumer business. - FY2022DroppedAnnual report
「In the previous consolidated fiscal year, handling of tour-related products increased due to the Go To Travel Campaign. In the current consolidated fiscal year, when the campaign was not in place, handling volumes did not reach the level of the previous consolidated fiscal year.」
The expansion in orders from the Go To Travel Campaign was not reported for the current consolidated fiscal year, and the absence of the campaign was cited as a factor behind the decline in handling of tour-related products. - FY2021-Q3Recovery in bookings after the campaign was suspendedAnnual report
「In the consumer business, orders for tour products expanded and contributed to results following the impact of the Go To Travel Campaign from the first quarter of the consolidated fiscal year. However, the issuance of a second state of emergency declaration in response to the resurgence of COVID-19 and the cancellation of the campaign temporarily reduced orders for tour products and other services during the third quarter. After the declaration was lifted, orders gradually recovered. Although revenue and profit declined year on year, the business remained profitable at the operating profit level.」
After orders expanded under the Go To Travel Campaign, the second state of emergency declaration and cancellation of the campaign temporarily reduced orders, but they gradually recovered after the declaration was lifted, and the consumer business posted an operating profit. - FY2021-Q2First statedAnnual report
「In the consumer business, overseas flights contracted significantly because of the spread of COVID-19. However, the increase in tour product bookings driven by the Go To Travel Campaign, which began in the current first-quarter consolidated accounting period, contributed to results. Although revenue and profit declined year on year, the business returned to an operating profit, and the declines in revenue and profit narrowed from the cumulative first-quarter period.」
The increase in tour product bookings driven by the Go To Travel Campaign contributed to results, and the consumer business generated an operating profit. This was described as a measure implemented from the cumulative first-quarter period.