Japanese travel companies still suffered from a 37.9% decrease in domestic travel sales in November 2021 compared to two years ago
Sales of 45 major travel companies decreased by 13.7% year on year to 170 billion JPY in total in November 2021. Sales in domestic travel were down 16.5% year on year to 160.9 billion JPY (down 37.9% over two years ago).
HIS doubled its annual deficit to the worst 50 billion JPY for FY2021, expecting overseas travel demand recovery next summer
HIS posted a net loss of 50 billion JPY for FY2021 ended October 31 2021, doubling from the previous fiscal year. Hideo Sawada, HIS President said. “We expect that overseas travel demand may begin recovering the next summer.”
Japanese travel companies still suffered from a 26% decrease in domestic travel sales in October 2021 even after the emergency declaration was lifted
Sales in domestic travel of 45 major travel companies were down 25.7% year on year to 114.2 billion JPY (down 53.6% over two years ago) in October 2021 even after the declaration of a state of emergency was lifted.
JTB reduced domestic travel sales by 11.5% year on year to 31.8 billion JPY in September 2021, down 61.8% compared to two years ago.
JTB forecasts to move into the black for the full year of FY2021, earning more than half of sales from non-travel businesses
JTB announced that it has forecast to move into the black for the full year of FY2021 ended March 31 2022, posting net profit of 6.7 billion JPY for the first six months due to selling of several real estates including its headquarters building.
JAL forecasts 146 billion JPY in deficit for the full year of FY2021, despite financial improvement in Q2
JAL Group has forecasted net loss of 146 billion JPY for the full year of FY2021, resulting in deficit for two yeas in a row. It said that longer time will be needed for full recovery of international passenger demand.
ANA revises downward its FY2021 financial forecast to 100 billion JPY in deficit, suffering long-standing influences from COVID-19
ANA Holdings has revised downward its FY2021 (April 2021 to March 2022) financial forecast to net loss of 100 billion JPY from originally expected net profit of 3.5 billion JPY.
How does Hoshino Resorts CEO foresee recovery of international travel to Japan, saying “It is not so easy”
Yoshiharu Hoshino, Hoshino Resorts CEO, talked about the current business condition and the future business at ‘Hoshino Resorts LIVE 2021 Autumn.' He said international travelers to Japan would not come back easily .
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.