Intensifying Competition from Foreign-Affiliated Hotel Openings in and Around Yokohama
First written in FY2016. 3 of 4 entries say "Worsened", first in FY2017. Latest entry: FY2019.
Hotel Newgrand moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 6 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2019WorsenedAnnual report
「In the hotel industry, the Tokyo Olympic and Paralympic Games will finally be held this year, and although this is expected to produce a temporary increase in demand, there are also concerns about a decline in demand after the Games. In addition to intensifying competition from a succession of hotel construction projects and renovations of existing hotels, we expect the serious labor shortage to continue.」
In addition to intensifying competition from new hotel construction and renovations of existing hotels, a decline in demand after the Tokyo Games is indicated more clearly. - FY2018WorsenedAnnual report
「At the same time, the operating environment surrounding the lodging business is becoming increasingly challenging due to a succession of new hotel openings, renovations of existing hotels and the expansion of private lodging.」
The competitive environment for the lodging business has become increasingly challenging due to new hotels, renovations of existing hotels and the expansion of private lodging. - FY2017WorsenedAnnual report
「The intensifying competition among hotels newly opening in surrounding areas, as well as changes in demand following the close of the 2020 Tokyo Olympic and Paralympic Games, are also being taken into consideration」
Intensifying competition from new hotels in surrounding areas is identified as a specific business-environment factor, while changes in demand following the Tokyo Games have been added as a new concern. - FY2016First statedAnnual report
「The hotel industry is expected to continue growing toward the 2020 Tokyo Olympic and Paralympic Games. At the same time, a succession of hotel openings, particularly by foreign-affiliated operators, is planned in and around Yokohama by then, and competition is expected to intensify further across lodging, banqueting and restaurant operations.」
Hotel openings, particularly by foreign-affiliated operators, are planned in and around Yokohama by around 2020, and competition is expected to intensify across all business areas.