Hoya Resort Hotel Group (富野集團) reported a modest increase in revenues last quarter and is seeking to expand its client base after China indicated plans to tighten tourist numbers to Taiwan.
The Taitung-based economy hotel brand operator saw its revenues rise 1.09 percent to NT$239 million (US$7.38 million) during the period from January to last month, as a strategy to diversify customer sources proved successful, the company said in a statement.
“We are deepening relations with existing customers, and courting domestic tourists and Southeast Asian visitors to offset a drop in Chinese tourists,” the company said.
A low base due to a norovirus outbreak in February last year at the Wuling location also lent support, the company said.
The group operates seven hotels near scenic locations in Hualien, Taitung, Chiayi and Taichung, allowing it to benefit from cherry blossom season last quarter, the company said.
The company is positive about business growth going forward, as it aims to work with different event organizers to reach out to participants in marathons, triathlons, bicycle and other events due to take place later this quarter, the statement said.
Furthermore, the Kaohsiung outlet might start operations next quarter and help raise revenues, the statement said.
Hoya’s board has approved plans to distribute cash dividends of NT$2.5 from earnings last year, it said.
Shares in Hoya ended flat on NT$40 yesterday at the Taipei Exchange (櫃檯買賣中心) — the local bourse for firms with small and medium capitalization — weaker than the TPEX’s 0.25 percent rise, data showed.
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to nations including the Netherlands and the Czech Republic. During March to last month, Foxconn, known as Hon Hai Precision Industry
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development. The lab is TSMC’s first laboratory collaboration with a university outside Taiwan, the company said in a statement. The lab would leverage “the extensive knowledge, experience, and creativity” of both institutions, the company said. It is located in the Asano Section of UTokyo’s Hongo, Tokyo, campus and would be managed by UTokyo faculty, guided by directors from UTokyo and TSMC, the company said. TSMC began working with UTokyo in 2019, resulting in 21 research projects,
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news. “We’re so thankful to this incredible fitness influencer called Ashton Hall,” Saratoga owner Primo Brands Corp’s CEO Robbert Rietbroek said on an earnings call after Hall’s morning routine video went viral. “He really helped put our brand on the map.” Primo Brands, which was not affiliated with Hall when he made his video, is among the increasing number of companies benefiting from influencer
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) yesterday expressed a downbeat view about the prospects of humanoid robots, given high manufacturing costs and a lack of target customers. Despite rising demand and high expectations for humanoid robots, high research-and-development costs and uncertain profitability remain major concerns, Lam told reporters following the company’s annual shareholders’ meeting in Taoyuan. “Since it seems a bit unworthy to use such high-cost robots to do household chores, I believe robots designed for specific purposes would be more valuable and present a better business opportunity,” Lam said Instead of investing in humanoid robots, Quanta has opted to invest
RSS