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![③ Main projects and Occupancy rate](../images/29.jpg)
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.
We are advancing new development plans with a variety of approaches: the TOKYU Harvest Club Kyoto Higashiyama In THE HOTEL HIGASHIYAMA, which is rendering part of a hotel operated by another company into a members-only resort; and STORYLINE Senagajima, which is a hotel-condominium properties business; and so forth.
Furthermore, even in the current COVID-19 pandemic, sales of resort memberships have been brisk, with sales of those at the TOKYU Harvest Club VIALA Kinugawa Keisui progressing on a steady note.
Movements in operating ratios at Tokyu Stay are shown in the bottom-left.
Operating ratios prior to the outbreak of COVID-19 hovered around 90%.
However, since the fiscal year ended March 31, 2021, when the impact of COVID-19 was at its highest, ratios have entered a gradual recovery trend, reaching 79.2% in June 2022.
While the return of inbound demand is expected around FY2024, 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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