Expansion of the hotel business and development of new formats

「In the hotel business, occupancy rates and average room rates improved substantially from the same period of the previous year, helped in part by an increase in international visitors to Japan, resulting in higher revenue. Accordingly, operating revenue was ¥15,982 million, up 52.2% year on year. Operating profit was ¥2,066 million.」

「To promote the selection and concentration of businesses, the Company closed 京王プレッソイン東銀座 and 京王プラザホテル多摩 in the hotel business, and ended operations at some counter stores selling travel products to individual customers in the travel business.」

「To achieve an early return to operating profitability across the hotel business, the Company will seek to capture domestic demand by promoting corporate and group sales and strengthening online sales, while thoroughly restructuring its operating framework and cutting costs through the closure of 京王プラザホテル多摩, the downsizing of unprofitable operations and a review of staffing levels.」

「In the hotel business, the Company worked to develop new needs, and operating revenue was ¥23,272 million, up 29.6% year on year, helped by a recovery in occupancy rates from October to December. However, the operating loss, although improved from the same period of the previous year, remained ¥10,181 million, owing in part to continued weakness in lodging demand.」

「The hotel business continued to be significantly affected by the sharp decline in lodging demand from the previous fiscal year, but improved from the same period of the previous year as a result of efforts to sell a diverse range of plans addressing new needs, as well as the capture of lodging demand associated with the Tokyo 2020 Olympic and Paralympic Games. Accordingly, operating revenue was ¥12,979 million, up 36.9% year on year, while the operating loss, although improved from the same period of the previous year, was ¥7,905 million.」

「The hotel business continued to be significantly affected by the sharp decline in lodging demand from the previous fiscal year, but improved from the same period of the previous year as a result of efforts to sell plans addressing new needs. Accordingly, operating revenue was ¥5,945 million, up 73.1% year on year, while the operating loss, although improved from the same period of the previous year, was ¥4,279 million.」

「In the hotel business, although the new annex at Takayama Green Hotel, Sakurinkaku, opened in June, overall performance was significantly affected by the sharp decline in accommodation demand, including from inbound foreign tourists. Despite efforts to capture demand through initiatives such as the Go To Campaign, the renewed spread of infections led to a substantial decline in revenue.」

「In the hotel business, Sakurinkaku, the new annex at Takayama Green Hotel, opened, and a gradual recovery was seen in the Sapporo area and elsewhere. However, difficult conditions continued, particularly in the Tokyo area, resulting in lower revenue.」

「In the hotel business, the company made Takayama Green Hotel a subsidiary in April 2020 and opened the new annex, Sakurinkaku, in June. However, revenue declined due to the decrease in inbound foreign tourists and the impact of requests to refrain from going out, as well as shortened operating hours and temporary closures at some stores and facilities.」

「In addition to opening Keio Prelia Hotel Sapporo, an upper-midscale accommodation-focused hotel, we completed construction of Sakurinkaku, the new annex at Takayama Green Hotel, which includes mainly guest rooms as well as restaurants and banquet facilities, and proceeded with preparations for its opening.」

「In the hotel business, although banquet bookings at Keio Plaza Hotel Shinjuku declined, revenue increased as Keio Prelia Hotel Kyoto Karasuma-Gojo, which opened in the previous fiscal year, and Keio Prelia Hotel Sapporo, which opened in May 2019, contributed.」

「In the hotel business, although banquet bookings at Keio Plaza Hotel Shinjuku declined, revenue increased as Keio Prelia Hotel Kyoto Karasuma-Gojo, which opened in the previous fiscal year, and Keio Prelia Hotel Sapporo, which opened in May this year, contributed.」

「In the hotel business, revenue declined due in part to a decrease in banquet bookings at Keio Plaza Hotel Shinjuku, but increased as Keio Prelia Hotel Kyoto Karasuma-Gojo, which opened in the previous fiscal year, and Keio Prelia Hotel Sapporo, which opened in May this year, contributed.」

「In addition to opening Keio Prelia Hotel Kyoto Karasuma-Gojo, an upper-midscale accommodation-focused hotel, we completed construction of Keio Prelia Hotel Sapporo and proceeded with preparations for its opening. We also began construction of a new annex at Takayama Green Hotel, with mainly guest rooms and banquet facilities, on the site of the hotel with which we have signed a basic partnership agreement.」

「In the hotel business, revenue increased as the 2 Keio Presso Inn hotels opened in the previous fiscal year, at Tokyo Station Yaesu and Hamamatsucho, contributed, while room rates at Keio Plaza Hotel also rose.」

「From the second quarter of the current consolidated fiscal year, the newly established Keio Prelia Hotel Sapporo Co., Ltd. has been included in the scope of consolidation.」

「In the hotel business, revenue increased as the 2 Keio Presso Inn hotels opened in the previous fiscal year, at Tokyo Station Yaesu and Hamamatsucho, contributed, while room rates at Keio Plaza Hotel also rose.」

「Keio Presso Inn opened 2 hotels, at Tokyo Station Yaesu and Hamamatsucho, where strong demand for accommodation is expected year-round from both business and leisure travellers.」

「In the hotel business, revenue increased as the new Keio Presso Inn locations in Tokyo Station Yaesu and Hamamatsucho contributed, and room rates at Keio Plaza Hotel rose.」

「In the hotel business, revenue increased, mainly because Keio Prelia Inn Tokyo Station Yaesu, which opened in August this year, contributed.」

「From the first quarter of the current consolidated fiscal year, the newly established Keio Prelia Hotel Kyoto Co., Ltd. has been included in the scope of consolidation. At a meeting of the Board of Directors held on 1 August 2017, the company also resolved to establish a specified subsidiary, a joint venture, in the Republic of the Union of Myanmar with ADVENTURE MYANMAR TOURS & INCENTIVES CO., LTD., hereinafter “Adventure.”」

「We also completed the renovation of an existing building into LYURO Tokyo Kiyosumi, a shared-use complex hotel with spaces where guests and local residents can interact. In addition, we opened KARIO KAMATA, a private-lodging apartment building specially certified by Ota Ward, thereby entering the private-lodging business.」

「In the hotel business, revenue increased, mainly because Keio Presso Inn Akasaka, which opened in July last year, contributed.」

「In the hotel business, revenue increased as room rates at Keio Plaza Hotel rose, mainly due to foreign guests, and Keio Presso Inn Akasaka, which opened in July last year, contributed.」

「In the hotel business, room rates at Keio Plaza Hotel increased, mainly due to foreign guests. Revenue at Keio Presso Inn also increased, as existing hotels remained firm and Keio Presso Inn Akasaka, which opened in July last year, contributed.」

「In addition to these existing hotels, we will consider developing a new format of high-quality accommodation-focused hotels and accelerate the opening of shared-use complex hotels equipped with spaces where people can interact. We will also actively consider entering the private-lodging market.」