Resorttrust expands its business connecting advanced medical technologies and high-quality hotel services.
Resorttrust Inc., headquartered in Nagoya, operates
membership hotels. The company is known to be one of the pioneers of Japanese
membership hotel industry.
With facilities nationwide, Resorttrust has the highest sales of membership resort hotels in Japan. In addition, it also engaged in medical businesses such as medical examinations for members and advanced cancer treatments that are not provided in general medical facilities.
It also operates membership golf courses at 13 locations nationwide. These golf courses are known for “Resort Trust Ladies”, one of the major annual women's professional tournaments held in Japan.
Recently, its sales have been increasing steadily. Behind this is the growing wealthy individuals in Japan who have financial assets of more than 100 million yen. The number of wealthy people in 2017 is estimated to be about 1.27 million. These affluent used to own villas, but those villas are recently being replaced by membership facilities.
Another factor is increasing foreign visitors to Japan making vacant luxury hotel rooms scarce. The hotel industry has expanded its sales to about 1.5 trillion yen in 2018, but has not been able to keep up with those strong demand causing more wealthy people to look for membership hotels.
It is also pointed out that Japanese companies are closing directly managed recreational facilities to reduce costs and using membership facilities for employee welfare.
As for Resorttrust's consolidated financial results for the first half of FY2019, net income was 5.4 billion yen, up 38% year-on-year. Steady sales of a luxury hotel membership opened at Yokohama seaside area have contributed. The last-minute demand before the consumption tax hike in October also boosted sales. Sales increased 9% to 84.1 billion yen.
As for recent topics, the company starts to sell memberships for high-quality medical checkup to overseas customers, which are provided at nine locations in Japan. It plans to have approximately 1,000 members a year from Chinese and English speaking countries.
The company expects to stimulate more demand for medical tourism connecting Japanese advanced medical care and membership resort hotel services.
While the hotel business is easily affected by the economy, the medical business is expected to have firm demand regardless of business sentiments. The focal point will be how the company enlarges its business base taking advantage of synergies between advanced medical technologies and high-quality hotel services.
With facilities nationwide, Resorttrust has the highest sales of membership resort hotels in Japan. In addition, it also engaged in medical businesses such as medical examinations for members and advanced cancer treatments that are not provided in general medical facilities.
It also operates membership golf courses at 13 locations nationwide. These golf courses are known for “Resort Trust Ladies”, one of the major annual women's professional tournaments held in Japan.
Recently, its sales have been increasing steadily. Behind this is the growing wealthy individuals in Japan who have financial assets of more than 100 million yen. The number of wealthy people in 2017 is estimated to be about 1.27 million. These affluent used to own villas, but those villas are recently being replaced by membership facilities.
Another factor is increasing foreign visitors to Japan making vacant luxury hotel rooms scarce. The hotel industry has expanded its sales to about 1.5 trillion yen in 2018, but has not been able to keep up with those strong demand causing more wealthy people to look for membership hotels.
It is also pointed out that Japanese companies are closing directly managed recreational facilities to reduce costs and using membership facilities for employee welfare.
As for Resorttrust's consolidated financial results for the first half of FY2019, net income was 5.4 billion yen, up 38% year-on-year. Steady sales of a luxury hotel membership opened at Yokohama seaside area have contributed. The last-minute demand before the consumption tax hike in October also boosted sales. Sales increased 9% to 84.1 billion yen.
As for recent topics, the company starts to sell memberships for high-quality medical checkup to overseas customers, which are provided at nine locations in Japan. It plans to have approximately 1,000 members a year from Chinese and English speaking countries.
The company expects to stimulate more demand for medical tourism connecting Japanese advanced medical care and membership resort hotel services.
While the hotel business is easily affected by the economy, the medical business is expected to have firm demand regardless of business sentiments. The focal point will be how the company enlarges its business base taking advantage of synergies between advanced medical technologies and high-quality hotel services.
Comments
Post a Comment