Banquet and restaurant demand remains stagnant against a backdrop of uncertain economic conditions
First written in FY2017-Q2. 16 of 32 entries say "Mitigated", first in FY2019-Q1. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1MitigatedAnnual report
「As a result, revenue from the banquet division was ¥1,237 million, up 18.7% year on year.」
Although weakness remained due to the pullback from the prior year's one-off demand and the contraction of the wedding market, the banquet division increased revenue by 18.7% year on year through higher orders for large banquets, new orders and secured bridal bookings. - FY2025WorsenedAnnual report
「Meanwhile, wedding banquets remained in a difficult situation at the Company as the bridal market contracted, with both the number of orders and revenue falling well below the previous year.」
The disclosure explicitly notes the contraction of the bridal market and significant declines in wedding-banquet orders and revenue, indicating that weak banquet demand is again showing up in results after the previous recovery phase. - FY2025-H1WorsenedAnnual report
「At Hotel Okura Kyoto, banquet revenue increased substantially in the previous year following the end of the COVID-19 pandemic, creating a temporary surge in demand. However, the number of events fell substantially because of the reaction to that surge, intensified competition from other hotels in the city, and cancellations caused by an approaching typhoon.」
Although banquet demand had been recovering, the number of functions and revenue declined due to the pullback from the prior year's one-off demand, intensifying competition and cancellations caused by approaching typhoons, resulting in lower revenue for the banquet division as a whole. - FY2024-Q3MitigatedAnnual report
「The hotel industry in Kyoto is also recovering, with domestic travel gaining momentum, the number of inbound foreign tourists increasing, and the use of banquets involving food and beverages beginning to rise.」
The disclosure states that banquet and restaurant demand, which had previously remained stagnant, is recovering on increased domestic travel, more inbound foreign tourists and greater use of banquets involving food and beverages. - FY2024-Q2MitigatedAnnual report
「The banquet division also saw a gradual increase in the use of banquets involving food and beverages.」
The disclosure states that use of banquets involving food and beverages gradually increased and the recovery trend continued amid previously stagnant banquet demand. - FY2024-Q1MitigatedAnnual report
「The banquet division also saw a gradual increase in the use of banquets involving food and beverages.」
The disclosure states that, against the backdrop of the reclassification of COVID-19 and the recovery in social and economic activity, use of banquets involving food and beverages increased amid previously stagnant banquet demand. - FY2023MitigatedAnnual report
「The banquet division also saw a gradual increase in the use of banquets involving food and beverages as infection-control measures were eased.」
The disclosure states that the easing of infection-control measures led to a gradual increase in demand for banquets involving food and beverages, easing the previous stagnation in banquet demand. However, demand for large year-end parties, welcome and farewell parties, and weddings remained on the road to recovery. - FY2023-Q3MitigatedAnnual report
「Restrictions on banquets involving meals, which had been most affected by usage restrictions, were also eased. Banquet usage continued to recover, and advance bookings increased.」
The disclosure states that banquet usage entered a recovery trend and advance bookings increased as restrictions on banquets involving meals were eased. - FY2023-Q2MitigatedAnnual report
「Restrictions on banquets involving meals, which had been most affected by usage restrictions, were lifted, and banquet usage entered a gradual recovery trend.」
The disclosure states that, following the lifting of restrictions on banquets involving meals, previously stagnant banquet demand is gradually recovering. - FY2023-Q1MitigatedAnnual report
「Restrictions on banquets involving meals, which had been most affected by usage restrictions, were lifted. Although usage remained far below pre-pandemic levels, banquet usage entered a steady recovery trend.」
The disclosure states that banquet usage entered a recovery trend after restrictions on banquets involving meals were lifted. However, usage has not reached pre-pandemic levels. - FY2022MitigatedAnnual report
「At Hotel Okura Kyoto, as weddings and general banquets continued to be canceled or postponed amid the COVID-19 pandemic, the company strengthened web conferences, hybrid events such as lectures and wedding photography packages.」
While weddings and general banquets continued to be canceled or postponed, the banquet division returned to sales growth by strengthening web conferences, hybrid events and wedding photography packages. - FY2022-Q3MitigatedAnnual report
「Meanwhile, the company developed new demand by promoting the use of web-based meetings and proposals for examinations and training sessions. Although the number of guests per wedding has declined, the number of weddings has been trending upward, and the company continues to strengthen sales of small-party packages and other offerings.」
While corporate restraint on banquets continued, the disclosure describes the development of new demand through web conferences, examination venues, training sessions and small-party wedding packages, as well as an upward trend in the number of weddings. - FY2022-Q2MitigatedAnnual report
「General banquets have been recovering through the use of web-based meetings and proposals for hybrid events at examination venues and academic conferences. At wedding banquets, proposals such as non-alcoholic beverages and photography packages have helped curb postponements, and conditions are improving.」
While restrictions on large gatherings and dining, as well as voluntary restraint and cancellations, continued, the use of web and hybrid formats and proposals for weddings indicated a recovery and improvement in banquet demand. - FY2022-Q1MitigatedAnnual report
「Demand for hotel-hosted events, web conferences and small-scale banquets increased slightly from the previous year as the company implemented safety measures, including efficient placement of acrylic panels, use of spacious banquet venues and seating layouts with sufficient spacing.」
Although banquet demand remained challenging, new demand for events with safety measures in place, web conferences and small-scale banquets increased slightly. - FY2021WorsenedAnnual report
「At the beginning of the fiscal year, the division was almost completely closed, with cancellations occurring one after another amid requests from the authorities to refrain from activities following the declaration of a state of emergency.」
The stagnation in banquet demand worsened over the full year, with successive cancellations and near-total closure at the beginning of the fiscal year contributing to a 79.3% decline in annual sales. - FY2021-Q3WorsenedAnnual report
「Both wedding and general banquets continued to see significant declines in the number of events and sales due to smaller event sizes, postponements and cancellations. Although demand for new services such as web conferences and web seminars increased, conditions remained challenging due to the renewed spread of COVID-19.」
While demand for new services such as web conferences and web seminars increased, weddings and general banquets continued to be affected by smaller event sizes, postponements and cancellations, and conditions remained challenging due to the renewed spread of infection. - FY2021-Q2WorsenedAnnual report
「At both Hotel Okura Kyoto and Karasuma Kyoto Hotel, voluntary restraint and other measures prompted by the impact of COVID-19 continued, with many events postponed or canceled and activity continuing to slow. Meanwhile, new forms of demand, such as web conferences and web seminars, began to increase.」
Banquet demand continued to slow due to postponements and cancellations, and sales in the banquet division fell 88.9% year on year. Meanwhile, the disclosure mentions an increase in web conferences and web seminars as new forms of demand. - FY2021-Q1WorsenedAnnual report
「The banquet division was almost completely closed as a result of requests from the authorities to refrain from going out, requests to close under the state of emergency, and cancellations prompted by voluntary restraint, as measures to prevent the spread of COVID-19.」
In addition to the previously stagnant banquet demand, requests to close and cancellations left the banquet division almost completely closed. - FY2020WorsenedAnnual report
「As a result, total banquet segment revenue was ¥2,992 million, down 13.2% year on year.」
The banquet division had recorded higher sales in the previous fiscal year, but sales have since declined sharply due to fewer new wedding inquiries, fewer bookings and cancellations prompted by concerns over the spread of infection. - FY2020-Q3WorsenedAnnual report
「As a result, total sales in the banquet division were ¥2,434 million, down 3.5% year on year.」
After sales had increased through the previous fiscal year, total sales in the banquet division declined 3.5% year on year due to fewer wedding banquets and restrictions on working hours. - FY2020-Q2WorsenedAnnual report
「As a result, total sales in the banquet division were ¥1,532 million, down 1.6% year on year.」
After sales had increased through the previous fiscal year, total sales in the banquet division declined 1.6% year on year due to fewer wedding banquets and lower attendance. - FY2020-Q1WorsenedAnnual report
「As a result, total sales in the banquet division were ¥872 million, down 3.4% year on year.」
After sales had increased through the previous fiscal year, the banquet division posted a 3.4% year-on-year decline in sales this quarter due to fewer weddings, lower average attendance and a shortage of large banquets. - FY2019MitigatedAnnual report
「As a result, total banquet segment revenue was ¥3,446 million, up 9.2% from the same period of the previous year.」
Against the backdrop of previously stagnant demand for weddings and large banquets, the banquet division posted a 9.2% increase in full-year sales on higher demand for large banquets and meetings and an increase in the number of general banquets. - FY2019-Q3MitigatedAnnual report
「As a result, total sales in the banquet division were ¥2,522 million, up 8.8% year on year.」
Despite the previously stagnant banquet demand and declining sales, the banquet division continued to post higher sales on increased demand for weddings, general banquets, large-scale events, meetings and other uses. - FY2019-Q2MitigatedAnnual report
「As a result, total sales in the banquet division were ¥1,558 million, up 13.4% year on year.」
Following the decline in banquet-division sales through the previous quarter, the division returned to sales growth on higher demand for weddings, general banquets, MICE events, meetings and other uses. - FY2019-Q1MitigatedAnnual report
「At Hotel Okura Kyoto, revenue from wedding banquets declined because attendance fell substantially despite an increase in the number of events. However, the substantial increase in the number of general banquets resulted in revenue increasing by ¥20 million from the same period of the previous year. At Karasuma Kyoto Hotel, increases in the number of general banquets and conference bookings, together with higher breakfast use accompanying an increase in the number of guests staying at the hotel, resulted in revenue increasing by ¥27 million from the same period of the previous year. As a result, total banquet segment revenue was ¥902 million, up 5.6% from the same period of the previous year.」
Despite the previously stagnant banquet demand and declining sales, the banquet division returned to sales growth this quarter on higher demand for general banquets, meetings and other uses. However, sales from wedding banquets remained lower due to a decline in attendance. - FY2018-Q3WorsenedAnnual report
「As a result, total sales in the banquet division were ¥3,124 million, down 10.0% year on year.」
The previously stagnant banquet demand appeared as declines in general banquets, weddings and school-trip dinners, resulting in a 10.0% decline in sales in the banquet division. - FY2018-Q2WorsenedAnnual report
「At Hotel Okura Kyoto, the number of wedding banquets declined significantly from the strong level recorded in the previous year. In addition, general banquets remained at a normal level because there were no events to replace the large-scale event held the previous year. Sales were also affected by the suspension of bookings during the complete renovation of the main banquet venue, “Gyoun.” As a result, sales decreased by ¥226 million year on year. At Karasuma Kyoto Hotel, sales were slightly below the previous year's level because use of the hotel for school-trip dinners was weak.」
The weakness in banquet demand materialized in lower wedding bookings, fewer large-scale events, reduced school-trip use and the impact of banquet-venue renovations, resulting in a 9.4% decline in sales in the banquet division. - FY2018-Q1RestatedAnnual report
「At Hotel Okura Kyoto, the number of wedding banquets declined significantly from the strong level recorded in the previous year. In addition, general banquets remained at a normal level because there were no events to replace the large-scale event held the previous year. As a result, sales decreased by ¥52 million year on year.」
The weakness in banquet demand continues to be reflected in results through a significant decline in wedding bookings and the absence of a large-scale event comparable to the previous year's event. - FY2017-Q4WorsenedAnnual report
「As a result, total sales in the banquet division were ¥805 million, down 7.9% year on year.」
In addition to the previously stagnant demand, declines in wedding bookings and large banquets have appeared as lower reported sales, making the weakness in banquet demand more evident. - FY2016RestatedAnnual report
「Meanwhile, in the banquet and restaurant divisions, improvements in corporate earnings and the employment environment have not translated directly into banquet demand or personal consumption, and overall activity has remained stagnant amid uncertain economic conditions.」
The disclosure continues to state that, while the lodging division is performing well, the banquet and restaurant divisions are stagnating amid uncertain economic conditions. - FY2017-Q2First statedAnnual report
「Meanwhile, banquet and restaurant demand has remained stagnant amid uncertain economic conditions.」
For the first time, the disclosure separately states that, in contrast to lodging demand, banquet and restaurant demand is stagnating due to uncertain economic conditions.