Luxury hotel operator My Humble House Hospitality Management Consulting Co (寒舍餐旅) is seeking to boost occupancy rates this year by wooing domestic guests with assorted themed offers, after the Taipei-based hospitality group last week posted a loss of NT$351 million (US$12.32 million) for last year.
That translated into losses per share of NT$3.15, compared with earnings per shares of NT$1.1 a year earlier, company data showed.
Its losses for the fourth quarter last year, the high season for restaurant operators, stood at NT$0.44 per share, increasing from losses per share of NT$0.27 in the third quarter.
My Humble House operates Le Meridien Taipei (台北寒舍艾美酒店) in Taipei’s Xinyi District (信義) and the Sheraton Grand Taipei Hotel (台北喜來登大飯店) near Taipei Railway Station, both of which suffered a big hit from a plunge in foreign business travelers last year.
However, hot spring resort Mu Jiaosi Hotel (礁溪寒沐) in Yilan County reported a 7 percent increase in its occupancy rate and a 4 percent increase in room rates, thanks to a boom in domestic tourism, and a shift in emphasis to targeting families with pets, the company said.
Restaurant revenues were resilient after the company placed an emphasis on small gatherings and adjusted its menus to lower the risk of COVID-19 infection, it said.
My Humble House expects the negative impact of the COVID-19 pandemic to persist as nations are unlikely to lift border controls before enough people have been vaccinated.
The company plans to boost food and beverage revenue by tapping the frozen food market and other sales channels, it said.
It plans to launch discounts targeting urban workers and families, as well as customers interested in sports, the company said.
It also plans to create more diversified offerings to meet the needs of domestic customers, it said.
My Humble House shares yesterday tumbled 3.35 percent to close at NT$25.95, compared with the TAIEX’s 0.07 percent decline, Taiwan Stock Exchange data showed.
NO BREAKTHROUGH? More substantial ‘deliverables,’ such as tariff reductions, would likely be saved for a meeting between Trump and Xi later this year, a trade expert said China launched two probes targeting the US semiconductor sector on Saturday ahead of talks between the two nations in Spain this week on trade, national security and the ownership of social media platform TikTok. China’s Ministry of Commerce announced an anti-dumping investigation into certain analog integrated circuits (ICs) imported from the US. The investigation is to target some commodity interface ICs and gate driver ICs, which are commonly made by US companies such as Texas Instruments Inc and ON Semiconductor Corp. The ministry also announced an anti-discrimination probe into US measures against China’s chip sector. US measures such as export curbs and tariffs
The US on Friday penalized two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker, Semiconductor Manufacturing International Corp (SMIC, 中芯國際), including them among 32 entities that were added to the US Department of Commerce’s restricted trade list, a US government posting showed. Twenty-three of the 32 are in China. GMC Semiconductor Technology (Wuxi) Co (吉姆西半導體科技) and Jicun Semiconductor Technology (Shanghai) Co (吉存半導體科技) were placed on the list, formally known as the Entity List, for acquiring equipment for SMIC Northern Integrated Circuit Manufacturing (Beijing) Corp (中芯北方積體電路) and Semiconductor Manufacturing International (Beijing) Corp (中芯北京), the US Federal Register posting said. The
India’s ban of online money-based games could drive addicts to unregulated apps and offshore platforms that pose new financial and social risks, fantasy-sports gaming experts say. Indian Prime Minister Narendra Modi’s government banned real-money online games late last month, citing financial losses and addiction, leading to a shutdown of many apps offering paid fantasy cricket, rummy and poker games. “Many will move to offshore platforms, because of the addictive nature — they will find alternate means to get that dopamine hit,” said Viren Hemrajani, a Mumbai-based fantasy cricket analyst. “It [also] leads to fraud and scams, because everything is now
MORTGAGE WORRIES: About 34% of respondents to a survey said they would approach multiple lenders to pay for a home, while 29.2% said they would ask family for help New housing projects in Taiwan’s six special municipalities, as well as Hsinchu city and county, are projected to total NT$710.65 billion (US$23.61 billion) in the upcoming fall sales season, a record 30 percent decrease from a year earlier, as tighter mortgage rules prompt developers to pull back, property listing platform 591.com (591新建案) said yesterday. The number of projects has also fallen to 312, a more than 20 percent decrease year-on-year, underscoring weakening sentiment and momentum amid lingering policy and financing headwinds. New Taipei City and Taoyuan bucked the downturn in project value, while Taipei, Hsinchu city and county, Taichung, Tainan and Kaohsiung
RSS