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...improved to JPY 362,084 million.
Within the travel industry, the general trend in overseas travel had been expected to increase mildly, supported by the rebound in the Japanese economy. However, the increased burden of special fuel surcharges assessed on transport due to the rapid rise in the price of crude oil and the weak yen have affected consumer psychology, making overseas travel appear more expensive and leading to a feeling of marking time despite the rebound in the economy.
While departures from Japan by seniors 60 years of age and older are showing strong growth, departures by the younger segment of travelers in their 20s and 30s are tending to decline as conditions are having an impact on the overall number of departures by Japanese people as well. The number of Japanese departing the country from November 2006 to October 2007 (provisional and estimated figures) recorded a decline of approximately 0.7% YoY according to the Japan National Tourist Organization (a decrease of around 129,000 people) to 17,407,000 people.
H.I.S. actively targets a variety of marketing measures at individuals, the young, and those with extensive overseas travel experience, our key client segments, to secure steady demand for the Group's travel business against the somewhat sluggish overall demand for overseas travel. We also redoubled efforts to attract customers early by announcing products targeted at year-end and New Year travel, student travel, spring vacation and golden week, summer vacation and other leisure travel periods. We further improved our ability to attract customers by enhancing our line of guided tours for the senior segment where the most growth can be expected in the future and also developing new plans for high-grade products matched according to age class.
i. The H.I.S. Group focused on sales of business class and sales of ancillary products such as hotels, rental cars, optional tours and overseas travel insurance in addition to improving our ability to offer seats, our consulting skills, our price competitiveness for arranged travel, and enhanced route sales commissioned in September 2007 from Haneda...
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