Virus Has Affected Every Level of Business Since Mid-February: Odin Properties

The transcript discusses the impact of the coronavirus on tourism in Japan, particularly in Hokkaido. It highlights the economic challenges faced by the tourism industry, including cancellations and low hotel occupancy. The conversation also covers real estate projects and investment opportunities in Hokkaido, emphasizing the long-term potential despite current market conditions. The speaker outlines strategic plans for recovery and contingency measures, such as shutting down restaurants earlier than usual. Overall, the focus is on navigating the crisis and preparing for a future rebound.

What was the state of hotel occupancy in Hokkaido by March?

• Hotels were seeing an increase in bookings.

• Hotels were operating at half capacity.

• Hotels had single-digit occupancy.

• Hotels were fully booked.

What major event's uncertainty is affecting tourism in Japan?

• The Winter Festival

• The World Cup

• The Olympics

• The Asian Games

What is the status of the Odin Hills project in Hokkaido?

• It has been canceled indefinitely.

• It is fully constructed and operational.

• It is on hold due to lack of funding.

• It is partially constructed with ongoing sales.

What is the current strategy regarding land prices for the Odin Hills project?

• Prices are fluctuating based on market demand.

• Prices have been significantly reduced.

• Prices have been increased to boost revenue.

• Prices remain unchanged due to long-term confidence.

What is the current status of land sales to individuals for the Odin Hills project?

• Sales are booming with high demand.

• Sales are on hold temporarily.

• Sales have been completed successfully.

• Sales are declining due to lack of interest.

What measure is being taken by the speaker in response to the coronavirus?

• Expanding business operations.

• Self-quarantining in Hong Kong.

• Traveling frequently to monitor projects.

• Hosting large events to attract tourists.

What is the plan for the restaurants owned by the speaker?

• All will be closed permanently.

• New outlets will be opened soon.

• All will remain open as usual.

• One outlet will remain open for locals.