Landis Hospitality Group (亞都麗緻) on Wednesday said it expects full recovery for its dining facilities next year, from 80 percent currently, but guestroom occupancy would remain low, despite COVID-19 border controls being eased.
The Taipei-based company told an online investors’ conference that its restaurant revenue this quarter returned to 80 percent of pre-pandemic levels and is expected to reach 100 percent next year.
Its Tien Hsiang Lo (天香樓) Chinese restaurant and French restaurant Paris 1930 de Hideki Takayama (巴黎廳) at the Landis Taipei Hotel (台北亞都麗緻飯店) this year won Michelin recognitions, helping to attract guests, it said.
Photo: Sung Chih-hsiung, Taipei Times
Although virus outbreaks have played havoc on hotels in Taipei, the 43-year-old group said it has no intention of tearing down its facilities and seeking urban renewal as some peers have.
The majority shareholder controls about 90 percent of the shares in circulation and is not worried about different opinions of other shareholders, the company said.
Occupancy rates have risen from 0 to 4 percent in the past two years to 10 percent following the reopening of borders last month, it said.
The group is not worried about potential labor shortages, as it has retained sufficient headcount and retired employees would help if necessary, it said.
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