Tag: "Hotel"
45% of hotels and ryokans in Japan are expected to increase revenue in FY2022, but still have long ways to full recovery
45% of about 800 targeted hotels and ryokans in Japan are expected to increase annual revenue for FY2022, according to Teikoku Databank. the most challenge to full-scale recovery is labor shortage in the hospitality industry
Labor shortage in the hospitality industry of Japan will possibly be a serious concern for full-scale business recovery
The latest Teikoku Databank survey finds that the ratio of companies suffering labour shortage reached 50.1% as of September 2022, which was the largest ratio since the pandemic began.
Japanese guest nights in August 2022 were up 50% year on year despite the COVID-19 7th wave
The total number of Japanese guest nights in August 2022 (provisionally) was up 49.8% year on year to 46 million, which were 14.5% fewer guests nights than the same month in 2019, and the occupancy rate was 50.1% overall, higher than 47.8% in July 2022.
A Japanese startup releases a new service to automatize recouping of cancellation fees for hotels or restaurants
Payn, a Japanese startup, has released bata ‘Payn’ to automatize a billing service for hotels or restaurants which have troubles with recouping cancellation fees, financing 90 million JPY from two investors.
Japanese guest nights in July 2022 were recovered to a 7% reduction even amid the 7th COVID-19 wave
the total number of Japanese guest nights in July 2022 (provisionally) was up 29.4% year on year to 38 million, and the occupancy rate was 46.7% overall, 16.6 lower points than 2019.
Banyan Tree enters the Japanese market by opening two new brand hotels in Kyoto
Banyan Tree Hotels & Resorts opened Garrya Nijo Castle Kyoto and Dhawa Yura Kyoto on June 17 2022. Ho Kwon Ping, Banyan Tree founder and Executive Chairman, said , “The new hotels in Kyoto are reflected by local lifestyles. I am sure they will succeed.”
Japanese luxury accommodation OTA launches its original SNS to create a user community
ikyu.com, a luxury accommodation OTA of Japan, launched its original SNS ‘YADOLINK' to create a user community, giving them functions to find high quality stay experiences through posted photos.
OYO Japan changes its corporate and brand names. What is a reason and its new strategy?
OYO Japan will change its corporate and brand names to ‘Tabist,’ including ‘OYO Ryokan,’ on April 1 2022. Ryota Tanozaki, OYO Japan President, explained the reasons and its new strategy for Japan market.
ANA launches a subscription trial for ‘living in a luxury hotel for a short period,’ offering 42 hotels in Japan
ANA X, a ANA Group company, has started a trial for multi-habitation subscription service, which offers ‘living in a luxury hotel for a short period’ on a monthly or weekly base. 42 luxury hotels nationwide are available for the service.
Japanese guest nights were up 4% in December 2021 even compared to pre-COVID-19
The total number of guest nights in December 2021 was up 4% to 39.5 million compared to December 2019 or up 33.8% year on year, and the occupation rate was 46.9%, 11.8 lower points than December 2019.
Bankruptcies of hotels and ryokans in Japan reduced in 2021, while the ratio of interest-bearing debt to monthly sales exceeded 30 times
According to Teikoku Data Bank survey, bankruptcies of hotels and ryokans in Japan reduced from 118 in 2020 to in 2021, but he ratio of interest-bearing debt to monthly sales rose largely to 30.13 times as of December 2021.
49% of lodging providers in Japan say that purchase costs rose in 2021, and 60% cannot pass on the costs to sales prices
According to Japan Finance Corporation (JFC) survey, 49.5% of lodging providers answered that purchase costs rose, and 69.2% said that they could not pass on the costs to sales prices.
Japanese guest nights recovered to a 13% reduction from pre-COVID-19 in November 2021
The total number of guest nights in November 2021 was down 3.8% year on year to 35.3 million, and the occupation rate was 46%, 0.7 higher points than a year ago than November 2020 or 20 lower points than November 2019.
38% of hotels and ryokans in Japan say “We address SDGs,” while many of them lack know-how for concrete actions
90% of hotels and ryokans in Japan said that they should address SDGs, and 38.3% answered that they have already started to take some actions for SDGs. 32.8%, however, said that they have not addressed SDGs yet.
Hilton will open its high-end brand hotel in front of Osaka Station, expecting EXPO 2025 Kansai Osaka
Hilton will open ‘The Waldorf-Astoria Osaka’ and its lifestyle brand ‘Canopy by Hilton Osaka Umeda’ in front of Osaka Station under a contract with ORIX Real Estate.
Japanese guests considerably improved in October 2021 after declaration of a state of emergency was lifted
The total number of guest nights in October 2021 was down 5.5% year on year to 32.6 million, considerably improving from 18.2% reduction in September 2021, and the occupancy rate also improved to 42.1%.
Rakuten Travel and Marriott commence a strategic partnership in Japan to lure Rakuten members to Marriott Bonvoy
Rakuten Group and Marriott International has officially started a strategic partnership for both of the loyalty programs to encourage Rakuten members to join Marriott loyalty program ‘Marriott Bonvoy.’
The first ‘Six Senses’ in Japan will open in Kyoto in the spring of 2024, offering 81 luxury rooms
Six Sense Kyoto will open in the spring of 2024. The Intercontinental Hotel Group (IHG)’s luxury hotel brand will be the first appearance in Japan.
‘Roadside Hotel Project’ jointly by Sekisui House and Marriott accelerates, opening 14 new hotels in Japan after the next spring
Sekisui House and Marriott International will accelerate ‘Trip Base Roadside Hotel Project,’ opening 14 hotels in eight prefectures (1184 rooms in total) after the next spring.
Japanese OTA Rakuten and Marriott collaborate in loyalty programs to enhance travel experiences in Japan
Rakuten, one of largest OTAs in Japan, and Marriott International signed a strategic partnership to enhance collaboration between Marriott Bonvoy and Rakuten membership program.
