tokyu land corporation

Financial Highlights FY2020 Ended Mar-31, 2021

 

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Contents

Overview of Results of the Fiscal Year Ended March 31, 2021

Forecast for the Fiscal Year Ending March 31, 2022

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Financial Capital Strategy

Initiatives for Achieving RE100 Targets

Initiatives Related to Climate Change

Sustainable Management <External Evaluation>

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③ Main projects

I will explain future major projects for hotels and healthcare facilities, as well as occupancy rate trends for Tokyu Stay.

The top row shows the hotel business.

Tokyu Stay, an urban style hotel, opened the Hida Takayama Yu no Yu in April 2020, bringing the total number of rooms to 4,522. In addition, nol kyoto sanjo opened in November 2020. In addition, ROKU KYOTO, LXR Hotels & Resorts, the first Hilton luxury brand in Asia, is scheduled to open in September this year.

The bottom row shows the senior housing. In FY2021 ending March 31, 2022, Grancreer Shibaura and Grancreer Tachikawa will open.

In addition, the bottom right shows the occupancy rate trend of Tokyu Stay.
In the past, the occupancy rate was around 90%, but it dropped significantly in the previous fiscal year due to the impact of COVID-19 and is now gradually recovering after bottoming out in the first quarter. In order to regain the original level, we are waiting for the recovery of inbound demand and other factors, but as a short-term measure, we will continue to focus on strengthening our ability to capture domestic demand, improving operational efficiency, and reforming our cost structure.