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We will now provide an explanation on our future main hotel and healthcare facility projects and on operating ratios at Tokyu Stay.
The upper column contains an introduction of our hotel business.
Tokyu Stay, a chain of urban style hotels, opened Tokyu Stay Shinjyuku East Side in August 2021, bringing the chain’s total number of rooms to 4,904.
Furthermore, September 2021 saw the opening of ROKU KYOTO, LXR Hotels & Resorts, Asia’s first Hilton luxury brand.
Movements in operating ratios at Tokyu Stay are shown in the bottom-right.
Conventionally, operating ratios hover around 90%. However, after bottoming out in the first quarter of the last fiscal year, which was when the impact of COVID-19 was at its highest, rates have entered a moderate recovery trend, reaching 58.5% in September 2021.
While the return of inbound demand is waited for operating ratios to recover to prior levels, it is believed that will require some time.
We will continue to focus on the reinforcement of initiatives for domestic demand through differentiating our products as well as on the improvement of operational efficiency and cost structure reforms.
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