Resilient Accommodation Demand Driven by Growth in Visitors to Japan
First written in FY2016. 17 of 35 entries say "Restated". Latest entry: FY2026.
The Royal Hotel,Limited moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 13 of 29 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2026Added China’s travel advisory and other factors as new headwinds to demandAnnual report
「While the hotel industry is benefiting from increased accommodation demand associated with the growth in inbound tourism, it continues to face a challenging business environment due to the Chinese government’s request that its citizens refrain from traveling to Japan, instability in the Middle East, and rising costs including raw materials, utilities and labor.」
While continuing to recognize demand recovery from growth in inbound visitors, explicitly identifies the Chinese government's request for its citizens to refrain from traveling to Japan and instability in the Middle East as new downward factors. - 2026-05-14RestatedResults
「While the hotel industry is benefiting from increased accommodation demand associated with the growth in inbound tourism, it continues to face a challenging business environment due to the Chinese government’s request that its citizens refrain from traveling to Japan, instability in the Middle East, and rising costs including raw materials, utilities and labor.」
Continued to describe the coexistence of increased demand from inbound tourism and a challenging environment caused by overseas developments and rising costs. - FY2026-H1RestatedAnnual report
「In the hotel industry, the group benefited from positive factors such as increased accommodation demand accompanying the growth in inbound visitors. However, the business environment remained challenging due to rising costs, including raw material prices, utility expenses, and labor costs.」
Continues to describe increased accommodation demand from growth in inbound visitors alongside the challenging business environment caused by rising costs. - FY2025Explicitly notes the recovery in corporate demandAnnual report
「In the hotel industry, consumption showed signs of recovery due to increased inbound demand and a recovery in corporate demand. However, the business environment remained challenging due to rising costs, including raw material prices, utility expenses, and labor costs.」
Explicitly notes the recovery in corporate demand in addition to inbound demand, while also noting the challenging environment caused by higher raw material prices, utility expenses, and labor costs. - FY2025-H1RestatedAnnual report
「In the hotel industry, consumption showed signs of recovery as the flow of people resumed, supported by increased inbound demand and the normalization of socioeconomic activity. However, the business environment remained challenging due to rising costs, including raw material prices and utility expenses.」
Continues to recognize the recovery in the flow of people and consumption from inbound demand and the normalization of socioeconomic activity, while maintaining the market view that the challenging business environment will continue. - FY2024-Q3RestatedAnnual report
「In the hotel industry, consumption showed signs of recovery as the flow of people resumed, supported by increased inbound demand and the normalization of economic activity. However, the business environment remained challenging due to rising costs, including raw material prices and utility expenses.」
Continues to describe the recovery in the flow of people from inbound demand and the normalization of economic activity alongside the challenging business environment caused by rising costs. - FY2024-Q2Continued recovery from the normalization of activity and increased inbound demand alongside rising costsAnnual report
「During the first 6 months of the current second quarter, the Japanese economy showed signs of a gradual recovery as COVID-19 was reclassified as a Class 5 infectious disease and economic activity normalized. However, uncertainty persisted due to factors including the prolonged situation in Ukraine and soaring raw material and energy prices resulting from the weaker yen. In the hotel industry, consumption showed signs of recovery as the flow of people resumed, supported by increased inbound demand and the normalization of economic activity. However, the business environment remained challenging due to rising costs, including raw material prices and utility expenses.」
Explicitly notes the recovery in the flow of people and consumption from COVID-19's reclassification as a Class 5 infectious disease, the normalization of economic activity, and increased inbound demand, while uncertainty and a challenging business environment continued due to the situation in Ukraine, the weaker yen, and soaring raw material and energy prices. - FY2024-Q1Clearer signs of recovery alongside incomplete recovery and rising costsAnnual report
「In the hotel industry, signs of a recovery were seen as the flow of people resumed, supported by increased inbound demand and improved corporate earnings. However, conditions had not yet reached the point of a full recovery. In addition, the business environment remained challenging due to rising costs, including raw material prices and utility expenses.」
Explicitly notes the recovery in the flow of people driven by inbound demand and improved corporate earnings, while also stating that a full recovery had not been achieved and that costs such as raw material prices and utility expenses continued to rise. - FY2023Signs of recovery from the lifting of movement restrictions and travel support alongside rising costsAnnual report
「Priority preventive measures to stop the spread of disease were lifted, local governments nationwide implemented travel and accommodation discount campaigns and other measures, and the government launched its nationwide travel support program in October 2022. There were also signs of improvement, including the review of entry restrictions for foreign tourists and an increase in the number of foreign visitors to Japan. However, the business environment remained challenging due to rising costs, including raw material prices and utility expenses.」
While factors supporting demand recovery from travel support and the review of entry restrictions expanded, the challenging environment caused by rising costs such as raw material prices and utility expenses continued. - FY2023-Q3Explicitly notes the increase in foreign visitors to JapanAnnual report
「The review of entry restrictions for foreign tourists and the resulting increase in the number of foreign visitors to Japan were signs of improvement. However, the business environment remained challenging due to rising costs, including raw material prices and utility expenses.」
Identifies the review of entry restrictions, travel support, and the increase in foreign visitors to Japan as factors supporting demand recovery, while the challenging environment caused by rising costs continued. - FY2023-Q2Expansion of factors supporting the recovery in travel demand alongside rising costsAnnual report
「In the hotel industry, priority preventive measures to stop the spread of disease were lifted, local governments nationwide implemented travel and accommodation discount campaigns and other measures, and the government launched its nationwide travel support program in October 2022. There were also signs of improvement, including the review of entry restrictions for foreign tourists. However, the business environment remained challenging due to rising costs, including raw material prices and utility expenses.」
Identifies the lifting of movement restrictions, travel support, the nationwide travel support program launched in October 2022, and the review of entry restrictions for foreign tourists as factors supporting recovery, while the challenging environment caused by rising costs such as raw material prices and utility expenses continued. - FY2023-Q1Recovery from eased restrictions alongside rising costsAnnual report
「In the hotel industry, priority preventive measures to stop the spread of disease were lifted, local governments nationwide implemented travel and accommodation discount campaigns and other measures, and the Golden Week holiday was held without movement restrictions for the first time in 3 years. However, the business environment remained challenging due to rising costs, including raw material prices and utility expenses.」
Highlights demand recovery from the lifting of movement restrictions, travel and accommodation discount campaigns, and a Golden Week holiday without movement restrictions, while also noting the challenging environment caused by rising costs such as raw material prices and utility expenses. - FY2022Temporary recovery alongside a challenging environmentAnnual report
「Our group experienced a temporary recovery as local governments nationwide implemented travel and accommodation discount campaigns and other measures. However, the operating environment remained extremely challenging, as government requests to refrain from going out, restrictions on serving alcoholic beverages and holding events, requests to shorten business hours, and other measures continued intermittently.」
States that a temporary recovery was seen from travel and accommodation discount campaigns and other measures, while the operating environment remained extremely challenging due to continued government requests and restrictions. - FY2022-Q3WorsenedAnnual report
「During the cumulative first 3 quarters of the consolidated fiscal year, Japan’s economy remained in a challenging situation as the impact of COVID-19 was prolonged, states of emergency and priority preventive measures were issued intermittently, and economic activity was restricted. Although progress in vaccinations and the resulting decline in infections led to signs of movement toward the normalization of social and economic activity, the emergence of new variants means that the outlook remains uncertain.」
While recognizing movement toward normalization due to vaccinations, uncertainty surrounding economic activity and travel demand continues due to the emergence of new variants and the prolonged pandemic. - FY2022-Q2RestatedAnnual report
「The hotel industry continued to face an extremely challenging operating environment due to government requests to refrain from going out, restrictions on the provision of alcoholic beverages and events, and requests to shorten operating hours.」
In addition to requests to refrain from going out and restrictions on the provision of alcoholic beverages and events, requests to shorten operating hours and other measures are listed, with the hotel industry described as continuing to face an extremely challenging environment. - FY2022-Q1WorsenedAnnual report
「The hotel industry continued to face an extremely challenging operating environment due to government requests to refrain from going out and restrictions on the provision of alcoholic beverages and events.」
In addition to the prolonged COVID-19 pandemic, requests to refrain from going out and restrictions on the provision of alcoholic beverages and events meant that the hotel industry continued to face a challenging operating environment this quarter. - FY2021WorsenedAnnual report
「• Declines in inbound demand, accommodation demand, banquet demand and restaurant use due to the spread and prolonged duration of COVID-19」
In place of the previous demand tailwind from growth in inbound visitors, declines in inbound, accommodation, banquet and restaurant demand due to the prolonged COVID-19 pandemic are explicitly identified as negative factors for the year. - FY2021-Q3WorsenedAnnual report
「In the hotel industry, domestic and international travel demand declined sharply after governments around the world began implementing comprehensive COVID-19 countermeasures, while the decrease in banquet and restaurant users resulting from requests for voluntary restraint and other factors had a serious impact on the industry environment. Although a gradual recovery trend had emerged with support from policies to revitalize tourism, including the launch of the Go To Travel campaign in July 2020, the industry environment became severe again after the announcement in December that the campaign would be temporarily suspended due to the resurgence of infections.」
While describing a gradual recovery trend supported by government policies, it was also stated that the industry environment became severe again following the resurgence of infections and the December announcement that the Go To Travel campaign would be temporarily suspended. - FY2021-Q2A gradual recovery trend amid government policy support is also notedAnnual report
「In the hotel industry, domestic and international travel demand declined sharply after governments around the world began implementing comprehensive COVID-19 countermeasures, while the decrease in banquet and restaurant users resulting from requests for voluntary restraint and other factors had a serious impact on the industry environment. However, supported by policies to revitalize tourism, including the launch of the Go To Travel campaign in July 2020, a gradual recovery trend has emerged.」
While continuing to describe the serious impact of the sharp decline in travel demand and the decrease in banquet and restaurant users, a gradual recovery trend supported by factors including the Go To Travel campaign was also indicated. - FY2021-Q1WorsenedAnnual report
「In the hotel industry, domestic and international travel demand declined sharply after governments around the world began implementing comprehensive COVID-19 countermeasures, while the decrease in banquet and restaurant users resulting from requests for voluntary restraint and other factors had a serious impact on the industry environment.」
In place of the previous tailwind from inbound demand, the sharp decline in domestic and international travel demand and the decrease in banquet and restaurant users are described as a serious deterioration in the industry environment. - FY2020WorsenedAnnual report
「• Declines in inbound demand, accommodation demand, banquet demand and restaurant use due to the spread and prolonged duration of COVID-19」
In addition to the previous demand tailwind from growth in inbound visitors, the market environment explicitly included declines in inbound, accommodation, banquet and restaurant demand due to the spread and prolonged duration of COVID-19. - FY2020-Q3RestatedAnnual report
「Although the number of visitors to Japan has reached a record high, the competitive environment in the hotel industry has become increasingly challenging due to new hotel openings and other factors.」
The Company continues to maintain its market view that the demand tailwind from record-high visitor numbers to Japan coexists with intensifying competition due to new hotel openings. - FY2020-Q2RestatedAnnual report
「Although the number of visitors to Japan has reached a record high, the competitive environment in the hotel industry has become increasingly challenging due to new hotel openings and other factors.」
The Company continues to maintain its market view that the demand tailwind from record-high visitor numbers to Japan coexists with intensifying competition due to new hotel openings. - FY2020-Q1RestatedAnnual report
「Although the number of visitors to Japan has reached a record high, the competitive environment in the hotel industry has become increasingly challenging due to new hotel openings and other factors.」
While continuing to recognize the demand tailwind from record-high visitor numbers to Japan, the Company also notes the challenging competitive environment. - FY2019-Q3RestatedAnnual report
「Although the number of visitors to Japan exceeded the previous year’s level, the industry environment was affected by the intensifying competitive environment resulting from new hotel openings and other factors, as well as cancellations of trips to Japan caused by a series of natural disasters since June last year.」
While recognizing the increase in visitors to Japan, the Company continues to report from the previous quarter its view that intensifying competition and cancellations of trips to Japan due to natural disasters affected the industry environment. - FY2019-Q2WorsenedAnnual report
「Although the number of visitors to Japan exceeded the previous year’s level, the industry environment was affected by the intensifying competitive environment resulting from new hotel openings and other factors, as well as cancellations of trips to Japan caused by a series of natural disasters from June onward.」
While recognizing the increase in visitors to Japan, actual cancellations of trips to Japan occurred due to natural disasters, adding a new downside factor to the environment surrounding accommodation demand. - FY2019-Q1RestatedAnnual report
「Although the competitive environment in the hotel industry has intensified due to new hotel openings and other factors, accommodation demand has remained firm, as the number of visitors to Japan reached a record high.」
While recognizing intensifying competition due to new hotel openings, the Company continues to maintain the market view that accommodation demand is firm, supported by the record number of visitors to Japan. - FY2018RestatedAnnual report
「Although growth in inbound visitors is expected to continue in the hotel industry, the competitive environment is expected to intensify further due to new hotel openings, the expansion of private lodging and other factors.」
The market view continues to reflect expectations for accommodation demand from growth in inbound visitors and intensifying competition from hotels and private lodging. - FY2018-Q2RestatedAnnual report
「Although the competitive environment in the hotel industry has intensified due to new hotel openings, the expansion of private lodging and other factors, accommodation demand remained firm, as the number of visitors to Japan continued to exceed the previous year’s level.」
While recognizing intensifying competition, the Company continues to maintain the market view that accommodation demand is firm against a backdrop of growth in inbound visitors. - FY2018-Q1RestatedAnnual report
「Although the competitive environment in the hotel industry has intensified due to new hotel openings, the expansion of private lodging and other factors, accommodation demand has remained firm, as the number of visitors to Japan has continued to exceed the previous year’s level.」
While recognizing intensifying competition, the Company continues to maintain the market view that accommodation demand is firm against a backdrop of growth in inbound visitors. - FY2017RestatedAnnual report
「Although the competitive environment in the hotel industry has intensified due to the increase in new hotel openings and other factors, accommodation demand remained firm, as the number of visitors to Japan reached a record high.」
While recognizing intensifying competition, the Company continues to maintain the market view that accommodation demand is firm, supported by the record number of visitors to Japan. - FY2017-Q3RestatedAnnual report
「Although the competitive environment in the hotel industry has intensified due to the increase in new hotel openings and other factors, accommodation demand has remained firm, as the number of visitors to Japan has reached a record high.」
While recognizing intensifying competition, the Company continues to maintain the view that accommodation demand is firm, supported by the record number of visitors to Japan. - FY2017-Q2RestatedAnnual report
「Although the competitive environment in the hotel industry has intensified due to the increase in new hotel openings and other factors, accommodation demand has remained firm, as the number of visitors to Japan has continued to exceed the previous year’s level.」
While recognizing intensifying competition due to new hotel openings, the view that accommodation demand remains firm against a backdrop of growth in inbound visitors is reiterated. - FY2017-Q1RestatedAnnual report
「Although the competitive environment in the hotel industry has intensified due to the increase in new hotel openings and other factors, accommodation demand has remained firm, as the number of visitors to Japan has continued to exceed the previous year’s level.」
The view that accommodation demand remains firm against a backdrop of growth in inbound visitors continues to be stated. - FY2016First statedAnnual report
「Accommodation demand remained firm as the number of visitors to Japan increased at a record pace, partly due to the weaker yen and the easing of visa requirements for China and Southeast Asian countries.」
Management’s assessment of the market environment surrounding the hotel business.