Intensifying hotel competition due to new market entrants following the legalization of private lodging
First written in FY2020-Q1. 2 of 4 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2019: 7 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual report
「In the hotel business, the market had remained strong with the expansion of inbound demand, but the industry environment became extremely challenging due to the impact of the global COVID-19 pandemic.」
In the description of the hotel business for the fiscal year, references to intensifying competition due to new market entrants, including the legalization of private lodging, were removed and deterioration of the operating environment due to COVID-19 was described. - FY2020-Q3RestatedAnnual report
「In the hotel business, we worked to pursue proactive sales activities to secure revenue amid intensifying competition from new entrants.」
The company continued to describe intensifying hotel competition due to new market entrants and conducted sales activities to secure earnings. - FY2020-Q2RestatedAnnual report
「In the hotel business, the market has remained strong with the expansion of inbound demand, while competition has intensified amid new market entrants following the legalization of private lodging and other developments.」
The company continued to describe intensifying hotel competition due to new market entrants, including the legalization of private lodging. - FY2020-Q1First statedAnnual report
「In the hotel business, the market has remained strong with the expansion of inbound demand, while competition has intensified amid new market entrants following the legalization of private lodging and other developments.」
The company explicitly identified, for the first time, intensifying hotel competition due to new market entrants, including the legalization of private lodging, as a new business-environment risk affecting the securing of earnings.