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.
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,
Taiwan’s property market is entering a freeze, with mortgage activity across the nation’s six largest cities plummeting in the first quarter, H&B Realty Co (住商不動產) said yesterday, citing mounting pressure on housing demand amid tighter lending rules and regulatory curbs. Mortgage applications in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung totaled 28,078 from January to March, a sharp 36.3 percent decline from 44,082 in the same period last year, the nation’s largest real-estate brokerage by franchise said, citing data from the Joint Credit Information Center (JCIC, 聯徵中心). “The simultaneous decline across all six cities reflects just how drastically the market
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
RSS