Heightened Competition in the Hotel Business
First written in FY2017-Q2. 4 of 8 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2019: 6 of 8 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「In the Dormy Inn business, although occupancy was well above the industry average, it did not fully recover to the previous year's level due to lower inbound demand and reduced business travel, and recovery, particularly in Osaka, is taking time.」
Although occupancy remained above the industry average despite the competitive environment, the company continues to report delayed recovery in Osaka. - FY2020-Q3RestatedAnnual report
「In addition, Osaka RevPAR, a key operating metric calculated as room occupancy multiplied by average room rate, fell below the level in the same period of the previous year as new hotel supply from other companies altered the supply-demand balance, becoming a major impediment to higher RevPAR, although this was offset by operations in other regions nationwide,」
The impact of changes in the supply-demand balance in Osaka caused by increased hotel supply from other companies, with RevPAR remaining below the level in the same period of the previous year, has continued. - FY2020-Q2WorsenedAnnual report
「In addition, Osaka RevPAR, a key operating metric calculated as room occupancy multiplied by average room rate, was below the level in the same period of the previous year, as the area was strongly affected by inbound demand and new hotel supply from other companies continued.」
The previously general competitive risk was described as a specific impact in Osaka, where increased hotel supply from other companies caused RevPAR to fall below the level in the same period of the previous year. - FY2018DroppedAnnual reportIn the full-year report, the previously explicit references to new entrants from other industries into the dormitory and hotel businesses and intensifying competition cannot be confirmed as separate items.
- FY2018-Q3RestatedAnnual report
「The business environment surrounding the Group during the nine-month period ended 31 December was supported by continued inbound demand, an increase in the number of employees companies were hiring and an increase in overseas students, while labor shortages and new entrants from other industries into our Group's core dormitory and hotel businesses were also observed.」
The company continues to identify new entrants from other industries into the dormitory and hotel businesses as a factor in the business environment. - FY2018-Q2RestatedAnnual report
「Meanwhile, there were also uncertain factors ahead, including labor shortages and new entrants from other industries into our Group's core dormitory and hotel businesses.」
The company continues to identify new entrants from other industries into the dormitory and hotel businesses as an uncertain factor in the competitive environment. - FY2018-Q1WorsenedAnnual report
「Meanwhile, amid soaring construction costs, labor shortages and new entrants from other industries into our Group's core dormitory and hotel businesses, the environment now requires the early establishment of a strong business foundation that demonstrates our competitive advantages more clearly than ever.」
In addition to the existing competitive environment in the hotel business, the company identifies new entrants from other industries into the dormitory and hotel businesses as a competitive factor, indicating that the scope of competition has broadened. - FY2017-Q2First statedAnnual report
「In the hotel business, although the competitive environment has become more intense,」
The company states that the competitive environment in the hotel business has become more intense.