Imperial Hotel, Ltd. is a company that operates hotels in Japan. Its flagship hotel was founded in 1890, located in Tokyo. It is known as one of the oldest and luxurious hotels in Japan, also as the VIP guest house. It is often referred to as the greatest three hotels of Tokyo; Imperial Hotel, Hotel Okura Tokyo and Hotel New Otani Tokyo. Imperial Hotel is a listed company on the Tokyo Stock Exchange (stock code: 9708).
Although Imperial Hotel has been operating for over 120 years, the company’s revenue has been gradually increasing for the past decade. The company recorded ¥57.2 billion in revenue and ¥4.7 billion in operating profit in 2018.
Their operating margin ratio was 8.2% in 2018, a slight drop after continuous growth from 1.4% in 2010.
Looking into revenue by segments, hotel revenue was ¥53 billion and real estate leasing was ¥3.8 billion in 2018.
The company’s primary sources of revenue are from their hotel business; the company operates Imperial Hotel Tokyo, Imperial Hotel Osaka, Kamikochi Imperial Hotel and The Crest Hotel Kashiwa. The average accommodation per room of Imperial Hotel Tokyo was ¥35,804 in 2018. The hotel’s superior suite could cost over ¥2 million.
Looking into the revenues by locations, Imperial Hotel Tokyo generated ¥40.5 billion alone. Compared to the competitors, Hotel Okura gained ¥76.4 billion and Hotel New Otani achieved ¥70.2 billion in sales. Both of them surpassed Imperial Hotel. However Hotel Okura operates 73 hotels and New Otani operates 15 hotels worldwide.
Imperial Hotel Tokyo had 402,000 visitors in 2018; 207,000 Japanese and 195,000 foreigners. While number of Japanese customers has been decreasing, foreign customers have been increasing since 2012. Visitors from Asia have primarily contributed to the increase.
Foreign customer ratio increased to 49% in 2018 from 29% in 2012.
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