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.
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