Shift of the lodging business toward domestic demand and adaptation to the new normal
First written in FY2020. 3 of 7 entries say "Restated". Latest entry: FY2024-Q2.
and factory,inc moved to the "Worse" side of this theme in 2024.
1 other company's latest entry also says "Reframed".
- FY2024-Q2ReframedAnnual report
「In the RET business, the number of foreign-national guests has been trending higher following the easing of entry restrictions, and occupancy rates at &AND HOSTEL have gradually recovered. Average daily rates have recovered to pre-pandemic levels.」
The description has shifted from its previous focus on shifting toward domestic demand to a situation centered on an increase in foreign guests following the easing of entry restrictions and a recovery in average room rates to pre-COVID levels. - FY2022-Q3RestatedAnnual report
「At “&AND HOSTEL,” the accommodation facilities operated by the company, occupancy rates began to recover compared with the previous fiscal year, which was heavily affected by the spread of COVID-19, as the company changed the target customer base and concept at certain stores and pursued the acquisition of new customer segments.」
The company continues measures to shift demand in the accommodation business by changing the target customer base and concept and acquiring new customer segments. - FY2022-Q1RestatedAnnual report
「By changing the target customer base and concept at certain stores and pursuing the acquisition of new customer segments, occupancy rates began to recover.」
The company continues measures to change its target customer base and concept with domestic demand and the new normal in mind, and to acquire new customers. - FY2021RestatedAnnual report
「At the smart hostel “&AND HOSTEL,” an IoT-enabled accommodation facility on which the company focuses, occupancy rates began to recover compared with the previous fiscal year, which was heavily affected by the spread of COVID-19, as the company changed the target customer base and concept at certain stores and pursued the acquisition of new customer segments.」
The measures to restore occupancy rates through changes to the target customer base and concept and the acquisition of new customer segments have been reconfirmed. - FY2021-Q2AdvancedAnnual report
「At the smart hostel “&AND HOSTEL,” an IoT-enabled accommodation facility on which the company focuses, occupancy rates began to recover compared with the previous fiscal year, which was heavily affected by the spread of COVID-19, as the company changed the target customer base and concept at certain stores and pursued the acquisition of new customer segments.」
At &AND HOSTEL, the company advanced changes to the target customer base and concept and acquired new customer segments, resulting in occupancy rates beginning to recover. However, average customer spend remained low, and operating earnings from the stores were flat year on year. - FY2021-Q1AdvancedAnnual report
「At the smart hostel “&AND HOSTEL,” an IoT-enabled accommodation facility on which the company focuses, occupancy rates began to recover compared with the previous fiscal year, which was heavily affected by the spread of COVID-19, as business use by remote workers and long-stay plans proved effective.」
As measures to shift demand in the accommodation business, the company introduced business-use offerings for remote workers and long-stay plans, resulting in occupancy rates beginning to recover. However, average customer spend was low, and operating earnings from the stores declined year on year. - FY2020First statedAnnual report
「While seeking a short-term recovery in occupancy rates by shifting our target market to domestic demand and implementing related measures, we will also pursue rebranding and expansion into new fields to establish a structure capable of securing earnings over the long term.」
As a response to weak inbound demand, the company presents for the first time a specific plan to rebuild the accommodation business through a shift to domestic demand, rebranding and expansion into new fields.