Declining room rates due to price competition with nearby hotels
First written in FY2017-Q1. 7 of 13 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2026-H1.
Striders moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2019: 6 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Mitigated".
- FY2026-H1MitigatedAnnual report
「Supported by favorable external conditions, including growing inbound demand driven by an increase in foreign visitors to Japan, Narita Gateway Hotel's occupancy rate and average room rate remained above the previous year's levels compared with the same period of the previous year.」
Despite the risk of lower room rates and occupancy caused by the competitive environment, Narita Gateway Hotel's occupancy rate and average room rate were above the previous year's levels. - FY2025MitigatedAnnual report
「今年度の客室稼働率は、すべての月において前年同月を上回り、客室平均単価も前年を上回る水準で推移いたしました。」
Despite the decline in room rates and occupancy caused by the competitive environment, Narita Gateway Hotel's occupancy rate and average room rate exceeded the previous year's levels throughout the year. - FY2025-H1WorsenedAnnual report
「倉敷ロイヤルアートホテルは客室稼働率が上昇したものの、９月は倉敷エリアの競合ホテルの値下げ動向を回避できず、客室平均単価を一時期引き下げた結果、売上高は前年同期比で微増に留まりました。」
倉敷エリアの競合ホテルの値下げを受け、客室平均単価を一時的に引き下げる状況が発生した。 - FY2020A situation arose in which the average room rate was temporarily reduced in response to price cuts by competing hotels in the Kurashiki area.Annual report
「The occupancy rate for rooms exceeded that of the same month of the previous year in every month of the current fiscal year, while the average room rate remained above the previous year's level.」
競合ホテルの改修等により一部の事業環境は改善した一方、年度末には感染症の影響がホテル業績を押し下げた。 - FY2020-Q1While renovations at competing hotels and other factors improved some aspects of the business environment, the impact of infectious diseases depressed hotel performance toward the end of the fiscal year.Annual report
「At Narita, the number of inbound group guests increased and occupancy improved. At Kurashiki, the results were affected by renovations at nearby competing hotels and other factors. As a result, revenue from the hotel business for the first quarter of the consolidated cumulative period was ¥394 million, up 4.7% year on year, and operating profit was ¥65 million, up 12.0%.」
At Kurashiki Royal Art Hotel, the occupancy rate increased, but the hotel was unable to avoid the trend of nearby competing hotels cutting prices in September and temporarily reduced its average room rate. As a result, revenue increased only slightly year on year. - FY2019-Q3WorsenedAnnual report
「While average room rates and occupancy rates had previously declined due to intensifying competition, renovations at nearby competing hotels and other factors are described as contributing to an improved business environment in Kurashiki.」
Improvement from renovations at competing hotels coexists with the impact of infectious diseases - FY2018-Q3RestatedAnnual report
「Although average room rates for inbound group guests continued to improve, occupancy rates declined amid intensifying competition in the Tokyo metropolitan area. In addition, demand related to recovery from the torrential rains in western Japan in the previous year had run its course,」
Some aspects of the business environment improved due to renovations at competing hotels and other factors - FY2018-Q2WorsenedAnnual report
「Although average room rates for inbound group guests continued to improve, occupancy rates declined amid intensifying competition in the Tokyo metropolitan area. In addition, demand related to recovery from the torrential rains in western Japan in the previous year had run its course,」
Although average room rates were improving, occupancy rates declined due to intensifying competition in the Tokyo metropolitan area, and the impact of the competitive hotel environment continued. - FY2018-Q1WorsenedAnnual report
「Although the number of visitors to Japan is increasing, both average room rates and occupancy rates declined due to the growth of private lodging and the opening of new hotels.」
The decline in average room rates and occupancy rates due to the growth of private lodging and new hotels continues to be reported. - FY2017WorsenedAnnual report
「Although the number of visitors to Japan is increasing, both average room rates and occupancy rates declined due to the growth of private lodging and the opening of new hotels.」
In addition to the existing decline in average room rates due to price competition, occupancy rates also declined as private lodging and new hotels increased, extending the impact to both indicators. - FY2017-Q3WorsenedAnnual report
「Although the number of inbound foreign tourists is increasing, competition is intensifying in the hotel industry due to the growth of private lodging and the construction and expansion of hotels. Average room rates declined at both hotels due to price competition with nearby hotels.」
The industry environment is characterised by intensifying competition from private lodging and newly built or expanded hotels, while average room rates continue to decline at both hotels. - FY2017-Q2WorsenedAnnual report
「Average room rates declined at both hotels due to price competition with nearby hotels, but efforts were made to reduce expenses.」
The decline in average room rates due to price competition, previously described mainly for Narita Gateway Hotel, now extends to both hotels. - FY2017-Q1First statedAnnual report
「At Narita Gateway Hotel, the number of visitors to Japan increased as a result of government measures to promote tourism, and occupancy remained high, but room rates declined slightly because of price competition with nearby hotels.」
Price competition with nearby hotels actually caused room rates at Narita Gateway Hotel to decline.