Closed hotels and ryokans for the first nine months of 2021 were already more than those in the last year
Teikoku Data Bank reported that the number of closed hotels and ryokans for the first nine months of 2021 was 143, already more than the last year or the most in the last decade.
HIS increased net loss to 33.2 billion JPY for the third quarter of FY2021 from November 1 2020 to July 31 2021 from 16.7 billion JPY a year earlier, and sales were continuously down 77.4% year on year.
90% of bankruptcies of travel firms in Japan were affected by COVID-19 for the first seven months of 2021
Bankruptcies of travel firms (debt of 10 million JPY or more) were up 11.7% year on year to 19, out of which 17 were affected by COVID-19, according to Tokyo Shoko Research.
JAL shrunk net loss to 57.9 billion JPY for Q1 of FY2021 despite a large increase in international cargo revenue
JAL Group reduced net loss to 57.9 billion JPY for the first quarter of FY2021 (April to June 2021) from 93.7 billion JPY a year ago, as it succeeded in reducing costs and increasing international cargo revenue.
ANA Holdings successfully reduced net loss to 51.1 billion JPY for the Q1 of FY2021 (April to June 2021) from 106.8 billion JPY a year ago. Operating revenue was up 63.6% year on year to 198.9 billion JPY, propped by an increase in international cargo revenue from 25.4 billion JPY to 66 billion JPY.
46 major travel companies of Japan still had a hard time with a 85% decrease in domestic sales in May 2021 over two years ago
Sales of 46 major travel companies increased by 284.1% year on year to 41.5 billion JPY in total in May 2021, but the result was still 90.2% lower than May 2019. Sales in domestic travel were down 84.9% over two years ago.
HIS said, “We are hitting a bottom now,’ when it announced 23.2 billion JPY in deficit for the first half of FY2021
Posting 23.2 billion JPY in net loss for first six months of FY2021, HIS aims to lower the sales ratio of core travel business from 70% currently to around 50% in the next five years, focusing on restaurant business and ryokan rehabilitation business as a new business portfolios.
Sales of 46 major travel companies in Japan were down 78% to less than 1 trillion JPY in FY2020, deadly hit by a 98% reduction in overseas travel
Sales of 46 major travel companies reduced by 78.4% year on year to 999.7 billion JPY in total in FY2020, reducing overseas travel by 97.7% to 42.5 billion JPY and inbound travel by 96% to 9.1 million JPY respectively amid the pandemic.
JTB ended FY2020 with the worst deficit of 105 billion JPY, but it has confidence to move back into the black in FY2021
JTB posted the record-high net loss of 105.2 billion JPY for FY2020, deadly hit by the pandemic, but it has expected to move back into the black for FY2021, anticipating recovery of travel demands and acceleration of the cost cut efforts.
KNT-CT issues preferred share to raise 40 billion JPY to avoid excessive debt, putting priority on online selling and a membership business
KNT-CT will issue preferred share to its parent company Kintetsu Group Holdings and others to raise 40 billion JPY in total to avoid excessive debt, posting net loss of 14.8 billion JPY for FY2021.
JAL plunges to the largest deficit of 286.6 billion JPY for FY2020, suffering a considerable decrease in passengers
JAL posted the largest deficit of 286.6 billion JPY for FY2020 ended March 31 2021 since the bankruptcy in 2010, as it reduced international passenger revenue by 67.2% and domestic passenger revenue by 67.2%.
ANA posts record-high deficit of 404.6 billion JPY for the full year of FY2020 with a 96% decrease in international passengers
Hit by COVID-19 pandemic, ANA Holdings fell into record-high deficit of 404.6 billion JPY for the full year of FY2020, but it is expected to ensure net profit of 3..5 billion JPY for FY2021, hoping domestic flight demand will recover to a normal level in the end of FY2021.
Sales of 46 major travel companies in Japan were down 86%in February 2021 amid declaration of a state of emergency
Sales of 46 major travel companies reduced by 85.9% year on year to 42.6 billion JPY in total in February 2021 amid the second declaration of a state of emergency. Sales of domestic travel were down by 76.6% to 39.1 billion JPY.
HIS still remained in large losses for the Q1 of FY2021, giving up shifting to a holding company system
HIS continued posting worse financial results for Q1 of FY2021 (November 1 2020 to January 31 2021), posting net loss of 8 billion JPY, and announced to give up shifting to a holding company system in November 2021 originally to survive the current challenging situation.
Domestic travel sales of 47 travel companies in Japan worsened again to a 65% reduction due to suspension of ‘Go To Travel’ program nationwide
Sales of domestic travel of 47 major travel companies in Japan were down by 38% to 128.1 billion JPY, worsening from a 25.8% reduction in November 2020, due to tentative suspension of Go To Travel’ nationwide amid a re-increase in COVID-19 cases.
KNT-CT, one of the major travel agents in Japan, had liabilities exceeding it’s assets by 3.5 billion JPY in Q3 of FY2020
KNT-CT Holdings announced that it had liabilities exceeding it’s assets by 3.5 billion JPY as of the end of December 2020, sufferring a large scale of cancellations since the the third wave of COVID-19 hit Japan beginning in November.
ANA Holdings ends Q3 of FY2020 with the most loss ever of 309.5 billion JPY, benefiting 34 billion JPY from ‘Go To Travel’
ANA Holdings announced the business results for the first none months of FY2020 ended December 31 2020, posting the most net loss ever of 309.5 billion JPY even though the airline benefitted 34 billion JPY from Go To Travel program. Forecast of net loss of 510 billion JPY for the full year is unchanged.
Domestic travel sales of 47 major travel companies in Japan recovered to a 26% reduction in November 2020, boosted by Go To Travel
Sales of 47 major travel companies reduced by 55.5% year on year to 198.8 billion JPY in total in November 2020, and sales of domestic travel were still down by 25.8% to 193.2 billion JPY, however, the monthly reduction rate improved from 38.7% in October.
Sales of 47 major travel companies in Japan recovered to a 66% reduction in October 2020, boosted by Go To Travel
Sales of 47 major travel companies reduced by 65.7% year on year to 155.6 billion JPY in total in October 2020. Domestic travel were down by 38.7% to 151 billion JPY, improving from from a 62.8% reduction in September, boosted by ‘Go To Travel' that has included Tokyo in October.
Dropping to net loss of 25 billion JPY for FY2020, HIS is forcing through shutdown of 105 retail stores in Japan
HIS will reduce its retail stores in Japan from 259 to 212 in the end of FY2020 and to 154 in Q1 of FY2021, as it posted net loss of 25 billion JPY for the full year of FY2020 ended October 31 2020. Chairman Sawada said “We are trying to regain profit in the latter half of FY2021.”