INNSUITES HOSPITALITY TRUST
For the period ended Apr 30, 2025. Filed Jun 20, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 30, 2025 · Filed Jun 20, 2025
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Item 1A. Risk Factors
Risks Relating to COVID
COVID-19 had a material detrimental impact on our business, financial results and liquidity, in Fiscal Year 2021, ended January 31, 2021. Its consequences had dramatically reduced travel and demand for hotel rooms, in Fiscal Year 2021. We believe that lodging demand and revenue level have now significantly recovered.
Risks Relating to Tariffs
Uncertainty regarding tariffs present in the current economy exist. Given time, it is anticipated that tariff issues will be resolved and governments will negotiate and lessen the impact imposed by such Tariffs. This should eventually restore travel and allow it to resume to normal levels.
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