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The Kyoto Hotel (9723) · InitiativeAdvanced

Developing banquet demand through web and hybrid meetings and wedding packages

First written in FY2022-Q2. 8 of 10 entries say "Advanced", first in FY2022. Latest entry: FY2027-H1.

10entries
6years
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ProgressHeldSoftenedWorseAdvancedFY2022 – FY2027-H12021: 12022: 220222023: 320232024: 120242025: 120252026: 22026
Same theme, other companies
Strengthening banquet sales and reservation bookingsA theme 3 companies write about · 0 as a headwind · 3 as a tailwind

1 other company's latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2027-H1AdvancedAnnual report

    「At Hotel Okura Kyoto, although the number of general banquet bookings fell below the previous year, bookings for large-scale banquets, including celebrations and MICE events, increased the number of guests and average spend per guest, resulting in revenue exceeding the previous year's level.」

    Despite the decline in the number of general banquets, bookings for large-scale events such as celebrations and MICE events led to increases in the number of guests, average spend and revenue.
  2. FY2026AdvancedAnnual report

    「At Hotel Okura Kyoto, although the number of general banquet bookings fell below the previous year, the sales division's proactive sales activities led to bookings for MICE events from Tokyo and overseas, as well as large-scale, high-priced banquets. As a result, both the number of guests and the average spend per booking exceeded the previous year, making a significant contribution to higher revenue.」

    Proactive sales activities generated bookings for MICE events from Tokyo and overseas and large-scale, high-priced banquets, leading to increases in the number of guests and average spend per booking.
  3. FY2026-H1AdvancedAnnual report

    「At Karasuma Kyoto Hotel, revenue remained firm as recurring banquet business continued to provide a core base and sales activities led to steady growth in new bookings.」

    It states that banquet revenue at Karasuma Kyoto Hotel remained firm as bookings for new business generated through sales activities progressed, in addition to measures to develop existing banquet demand.
  4. FY2025-H1AdvancedAnnual report

    「At Karasuma Kyoto Hotel, corporate banquets involving meals are trending upward, and revenue has remained solid following a review of selling prices.」

    In addition to the increase in corporate banquets, the company reviewed selling prices, helping banquet revenue at Karasuma Kyoto Hotel remain solid.
  5. FY2024-Q2AdvancedAnnual report

    「At Hotel Okura Kyoto, although the number of attendees per event has declined compared with before the COVID-19 pandemic, the number of orders for anniversary celebrations, conferment celebrations and large exhibitions increased, and company-sponsored events held during the summer performed well.」

    Regarding banquet demand development, the company disclosed concrete progress in the form of increased orders for anniversary celebrations, conferment celebrations and large exhibitions, as well as strong performance by its own summer events.
  6. FY2024-Q1AdvancedAnnual report

    「However, as events continue to be held with fewer attendees than before, the company has worked to secure profit by raising venue rental fees and other charges.」

    In response to banquet demand, where small-group events are common, the company has sought to secure profit by raising venue rental fees and other charges, in addition to offering conventional web and hybrid formats and wedding packages.
  7. FY2023AdvancedAnnual report

    「At Hotel Okura Kyoto, demand for general banquets increased in the second half as infection-control measures were eased, and use of banquets involving accommodation also increased, in addition to banquets involving food and beverages. The company also actively held its own events, which it had previously refrained from doing, and worked to expand revenue by reviewing meal prices and venue rental fees.」

    In addition to developing demand for conventional web and hybrid meetings, the company is working to expand banquet revenue through banquets involving accommodation, its own events, and reviews of meal prices and venue rental fees.
  8. FY2022AdvancedAnnual 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.」

    The company has promoted demand development for banquets by offering web meetings, hybrid conferences and enhanced wedding photo packages.
  9. FY2022-Q3RestatedAnnual 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.」

    The company continues to propose web meetings, examination venues and training sessions, and to strengthen sales of small-group wedding packages, with the aim of developing new banquet and wedding demand.
  10. FY2022-Q2First statedAnnual 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.」

    The company disclosed new measures to develop demand, proposing web meetings, examination venues and hybrid academic conferences for general banquets, and non-alcoholic beverages and photo packages for wedding banquets.
Moved together

"Steady performance in wedding and general banquets" moved the same way as this thread, in the same document, in 7 of its 10 moves.

766555★123456
  1. ★This thread
  2. 1Steady performance in wedding and general banquets7×
  3. 2Increasing revenue through guest-room renovations and capital investment6×
  4. 3Funding through the refinancing of long-term borrowings and other debt6×
  5. 4Increase in lodging revenue from international guests and domestic leisure travelers5×
  6. 5Decline in restaurant-division revenue following the closure of unprofitable restaurants5×
  7. 6First-quarter operating profit broadly in line with the previous year despite lower revenue5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
No upcoming earnings preview for The Kyoto Hotel yet.
News
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