TokyoTomo Travel Guide

Kinki Nippon Tourist (KNT) reported overseas travel sales for April 2010 had been 9,813 million yen, up 11.4 percent from last year, showing a positive growth for the first time in 21 months since August 2008. Overseas group tours and package tours suffered a setback affected by temporary closure at European airports, but international air ticket sales for individual travelers soared 49.2 percent to 4,401 million yen. Apart from troubled group tours to Europe, student tours were in good form; therefore, total of overseas group tour sales remained almost flat at 1,718 million yen, down 0.4 percent, while package tour tumbled 10.6 percent to 3,693 million yen.

Domestic travel declined 6 percent to 16,820 million yen. Business of group travel, in which student groups were active but ordinary groups were stagnant like the case of overseas travel, sold 6,102 million yen, down 5.7 percent. Package tour sales sank 5.9 percent to 6,316 million yen and individual travel was down 6.7 percent to 4,402 million yen.

Inbound travel surged 31.2 percent to 689 million yen with strong demand. Total travel turnover for the month at home and abroad was 27,829 million yen, up 0.5 percent, a positive growth made for the first time in 28 months since December 2007.

Source: Travel Vision

Travel Vision Inc. provides information on the travel industry in Japan via "Daily Travel Vision", a Japanese-language e-mail newsletter, and the "Travel Vision" website. There are nearly 110,000 people working in the Japanese travel industry, and Travel Vision is proud to be bringing travel news to more than 30,000 people through Daily Travel Vision.

Kinki Nippon Tourist (KNT) disclosed the consolidated financial results of the first quarter (January 1 – March 31, 2010) in the fiscal year 2010, in which it posted 12,747 million yen in operating revenue, down 10.5 percent from last year, and 3,077 million yen in operating loss, slashing a loss from the deficit of 3,983 million yen booked in the previous year. It recorded recurrent loss of 3,069 million yen (cf. loss of 4,041 million yen a year ago) and net loss of 3,430 million yen (cf. loss of 5,985 million yen).

Domestic travel was slow, but overseas travel was brisk with good sales of airline tickets on account of increased number of individual travelers. Inbound travel exhibited a positive growth over last year with strong demand during the Chinese New Year season.

As of the end of March this year, decreases in trade notes, accounts receivable, and retained earnings sent KNT into negative net worth of 387 million yen. The agency maintains it can wipe out the excess liabilities by rigorously making over the sales method and changing the cost structure as laid out in the company’s midterm business plan.

Source: Travel Vision

Travel Vision Inc. provides information on the travel industry in Japan via "Daily Travel Vision", a Japanese-language e-mail newsletter, and the "Travel Vision" website. There are nearly 110,000 people working in the Japanese travel industry, and Travel Vision is proud to be bringing travel news to more than 30,000 people through Daily Travel Vision.

Travel revenue for January at Kinki Nippon Tourist (KNT) dropped 9.3 percent from last year to 21,107 million yen, of which overseas travel was 8,169 million yen, down 10.2 percent, and domestic travel was 12,301 million yen, down 10.3 percent. In overseas travel, group tours dipped 13.2 percent to 1,143 million yen as ordinary groups were down 26.2 percent to 792 million yen while student groups were up 44.3 percent to 350 million yen. The extraordinary growth in student groups is partly due to reinstatement of the school excursions once postponed on account of the H1N1 flu epidemic. Package tours plunged 20.2 percent to 4,005 million yen as Holiday went down by 19.9 percent to 4,005 million yen. Overseas individual travel rose 9.2 percent to 3,020 million yen because international air ticket sales were upbeat.

Domestic group tours showed a growth of 6.1 percent with sales of 3,786 million yen as student groups climbed 12.6 percent to 2,684 million yen although ordinary groups sank 7.0 percent to 1,102 million yen. Domestic package tours fell 17.2 percent to 5,285 million yen with Mate down 17.1 percent to 5,283 million yen and other package tours down 68.7 percent to 2.4 million yen. Individual travel lost 14.0 percent to 3,229 million yen. Inbound travel surged 33.8 percent to 266 million yen.

KNT spun off, as of January 1, the business of Hokkaido and Kyushu districts to be succeeded by the new companies of Kinki Nippon Tourist Hokkaido Co. and Kinki Nippon Tourist Kyushu Co. respectively, but it will consolidate the business results of these two to KNT itself until the end of this year just for the sake of statistical reference.

Source: Travel Vision

Travel Vision Inc. provides information on the travel industry in Japan via "Daily Travel Vision", a Japanese-language e-mail newsletter, and the "Travel Vision" website. There are nearly 110,000 people working in the Japanese travel industry, and Travel Vision is proud to be bringing travel news to more than 30,000 people through Daily Travel Vision.