Intensifying competition among hotels
First written in FY2016. 16 of 26 entries say "Restated". Latest entry: 2026-11-09.
Yuasa Funashoku moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2019: 6 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2025RestatedAnnual report
「In the business hotel industry, occupancy rates have begun to recover with the increase in inbound demand, but the difficult environment is expected to continue, including trends in demand for hotel services, particularly accommodation, and intensifying competition with competing hotels.」
While indicating a recovery in accommodation demand and occupancy rates, the company continues to cite intensifying competition with competing hotels as an ongoing risk. - FY2023-Q3MitigatedAnnual report
「In the business hotel industry, restrictions on domestic travel and events were eased, the movement of people showed an upward trend, and accommodation demand from group travelers and visitors to Japan began to recover gradually. However, the environment continued in which sufficient occupancy could not yet be expected.」
Although the easing of restrictions on domestic travel and events, increased movement of people, and a gradual recovery in demand from group travelers and visitors to Japan were indicated, the environment in which sufficient occupancy cannot be achieved continued. - FY2023-Q2RestatedAnnual report
「In the business hotel industry, the number of new domestic infections remained low, restrictions on events and other activities were eased, and the movement of people showed an upward trend. However, the environment continued in which a sufficient recovery in accommodation demand could not be expected, as the substantial decline in group travelers and visitors to Japan continued.」
Although movement of people and restrictions on events improved, the substantial decline in group travelers and visitors to Japan continued, and the company continues to state that a sufficient recovery in accommodation demand cannot be expected. - FY2023-Q1RestatedAnnual report
「In the business hotel industry, the number of new domestic infections remained low, restrictions on events and other activities were eased, and the movement of people showed an upward trend. However, the environment continued in which a sufficient recovery in accommodation demand could not be expected, as the number of group travelers and visitors to Japan remained sharply lower.」
Although movement of people and restrictions on events improved, the substantial decline in group travelers and visitors to Japan continued, as did the insufficient recovery in accommodation demand. - FY2022RestatedAnnual report
「In the business hotel industry, the number of new domestic infections remained low, restrictions on events and other activities were eased, and the movement of people showed an upward trend. However, the environment continued in which a sufficient recovery in accommodation demand could not be expected, as the number of visitors to Japan remained sharply lower due to measures addressing new variants.」
Although movement of people increased and restrictions were eased, the number of visitors to Japan remained sharply lower, and the company continues to disclose that a sufficient recovery in accommodation demand cannot be expected. - FY2022-Q3RestatedAnnual report
「In the business hotel industry, domestic foot traffic showed an increasing trend as the number of new infections remained low and restrictions on events and other activities were eased. However, the environment remained one in which a full recovery in lodging demand could not be expected, as measures restricting the entry of new foreign visitors were tightened again in response to new variants.」
Although domestic movement of people showed an upward trend, restrictions on new entry by foreign nationals were tightened again, and the company continues to describe an environment in which a sufficient recovery in hotel demand cannot be expected. - FY2022-Q2WorsenedAnnual report
「In the business hotel industry, occupancy rates recovered temporarily due to lodging demand from people involved in the Tokyo Olympic and Paralympic Games, but domestic and international lodging demand remains sluggish. Selling rates have also declined due to industry competition, and a considerable amount of time is expected to be required for earnings to recover.」
The company cites a temporary recovery in occupancy rates, alongside weak domestic and international accommodation demand, lower average room rates due to competition within the industry, and a prolonged recovery. - FY2021-Q3RestatedAnnual report
「As restrictions on overseas travel continued worldwide to prevent the spread of infection, measures including entry restrictions were implemented, causing the number of visitors to Japan to fall sharply. Domestic travel and events were also held on a small scale with infection-prevention measures in place.」
The company continues to disclose the sharp decline in visitors to Japan caused by overseas travel and entry restrictions, and the smaller scale of domestic travel and events, as conditions affecting hotel demand. - FY2021-Q2WorsenedAnnual report
「As restrictions on overseas travel continued worldwide to prevent the spread of infection, measures including entry restrictions were implemented, causing the number of visitors to Japan to fall sharply. Domestic travel and events were also held on a small scale with infection-prevention measures in place.」
Restrictions on overseas travel and entry caused a sharp decline in visitors to Japan, while domestic travel and events were held on a smaller scale, further worsening the environment surrounding hotel demand and competition. - FY2020WorsenedAnnual report
「In the business hotel industry, competing hotels continued to open in central Tokyo as the number of visitors to Japan began to decline and domestic and international tourism demand fell.」
The company cites the decline in visitors to Japan, the downturn in domestic and international tourism demand, and the continued opening of competing hotels. - FY2020-Q3WorsenedAnnual report
「In the business hotel industry, competing hotels continued to open in central Tokyo as the number of visitors to Japan shifted to a declining trend.」
The company states that the number of visitors to Japan shifted to a declining trend and that competing hotels continued to open in central Tokyo, making the challenging demand and competitive environment clear. - FY2020-Q2WorsenedAnnual report
「In the business hotel industry, operations continued to perform well, supported by domestic tourism demand and other factors, although the upward trend in visitors to Japan changed. In addition, competing hotels continued to open in central Tokyo.」
The upward trend in visitors to Japan changed, and competing hotels continued to open in central Tokyo. The company also cites increased use of accommodation facilities other than hotels, indicating that risks in the competitive and demand environment have broadened. - FY2020-Q1RestatedAnnual report
「In the business hotel industry, operations continued to perform well, supported by accommodation demand associated with the increase in visitors to Japan and domestic tourism demand, but new competing hotels continued to open in central Tokyo.」
While describing accommodation demand as strong, the company continues to disclose competitive pressure from a succession of competing hotel openings in central Tokyo. - FY2019RestatedAnnual report
「In the business hotel industry, operations continued to perform well, supported by accommodation demand associated with the increase in visitors to Japan and domestic tourism demand, but new competing hotels continued to open in central Tokyo.」
While describing accommodation demand as strong, the company continues to disclose competitive pressure from a succession of competing hotel openings in central Tokyo. - FY2019-Q3RestatedAnnual report
「In the business hotel industry, operations continued to perform well, supported by accommodation demand associated with the increase in visitors to Japan and domestic tourism demand, but new competing hotels continued to open in central Tokyo.」
While describing accommodation demand as strong, the company continues to disclose competitive pressure from a succession of competing hotel openings in central Tokyo. - FY2019-Q2RestatedAnnual report
「In the business hotel industry, operations continued to perform well, supported by accommodation demand associated with the increase in visitors to Japan and domestic tourism demand, but new competing hotels continued to open in central Tokyo.」
While describing accommodation demand as strong, the company continues to disclose competitive pressure from a succession of competing hotel openings in central Tokyo. - FY2019-Q1RestatedAnnual report
「In the business hotel industry, operations continued to perform well, supported by accommodation demand associated with the increase in visitors to Japan and domestic tourism demand, but new competing hotels continued to open in central Tokyo.」
While describing accommodation demand as strong, the company continues to disclose competitive pressure from a succession of competing hotel openings in central Tokyo. - FY2018RestatedAnnual report
「In the business hotel industry, operations continued to perform well, supported by accommodation demand associated with the increase in visitors to Japan and domestic tourism demand, but new competing hotels continued to open in central Tokyo.」
While describing accommodation demand as strong, the company continues to disclose competitive pressure from a succession of competing hotel openings in central Tokyo. - FY2018-Q3RestatedAnnual report
「In the business hotel industry, operations continued to perform well, supported by accommodation demand associated with the increase in visitors to Japan and domestic tourism demand, but new competing hotels continued to open in central Tokyo.」
While describing accommodation demand as strong, the company continues to cite competitive pressure from a succession of competing hotel openings in central Tokyo. - FY2018-Q2RestatedAnnual report
「In the business hotel industry, operations continued to perform well, supported by accommodation demand associated with the increase in visitors to Japan and domestic tourism demand, but new competing hotels continued to open in central Tokyo.」
While describing accommodation demand as strong, the company continues to cite competitive pressure from a succession of competing hotel openings in central Tokyo. - FY2017RestatedAnnual report
「In the business hotel industry, operations continued to perform well, supported by accommodation demand associated with the increase in visitors to Japan and domestic tourism demand, but new competing hotels continued to open in central Tokyo.」
While describing accommodation demand as strong, the company continues to cite competitive pressure from a succession of competing hotel openings in central Tokyo. - FY2017-Q3WorsenedAnnual report
「In the business hotel industry, operations continued to perform well, supported by accommodation demand associated with the increase in visitors to Japan and domestic tourism demand, but new competing hotels continued to open in the Tokyo metropolitan area.」
While describing demand as strong, the company cites the specific competitive pressure from a succession of competing hotel openings in the Tokyo metropolitan area. - FY2016First statedAnnual report
「In the business hotel industry, competition among hotels is expected to intensify further as the number of ordinary business travelers is expected to increase with a sustained economic recovery and the number of visitors to Japan is expected to rise.」
While expecting demand to expand, the company identifies intensifying competition among hotels as an external risk.