Luxury hotel operator My Humble House Hospitality Management Consulting Co (寒舍餐旅) yesterday posted net income of NT$42 million (US$1.36 million) for the final quarter of last year, ending a run of three quarters of losses as the hospitality provider emerged from the COVID-19 pandemic.
The Taipei-based company expects rapid business improvement after countries in the region ditched border controls and reopened to foreign tourism.
The fourth-quarter results indicated earnings per share of 0.46 against a top line of NT$1.19 billion, approaching 90 percent of pre-pandemic levels, My Humble House said in a statement.
Photo courtesy of Klook
For the whole of last year, the company incurred losses of NT$338 million, or losses per share of NT$3.69, easing from losses per share of NT$6.45 in 2021, but worse than losses per share of NT$3.15 in 2020, Taiwan Stock Exchange data showed.
Business gained conspicuous traction over the Christmas season last year, allowing its revenue in December last year to outperform the figures in 2019 before the pandemic, the company said.
My Humble House runs Le Meridien Taipei (台北寒舍艾美酒店) and Humble House Taipei (寒舍艾麗) in the city’s Xinyi District (信義), Sheraton Grand Taipei Hotel (台北喜來登大飯店) near Taipei Railway Station and hot spring resort Mu Jiaosi Hotel (礁溪寒沐) in Yilan County.
In April last year, the group added Humble Boutique Hotel (寒居酒店) in the capital’s Zhongshan District (中山) to its portfolio.
Food and beverage generated NT$302 million to overall sales of NT$482 million for December alone, while guestroom operation contributed another NT$167 million, increases of 30 percent and 68 percent from a year earlier respectively, it said.
The group said that it is reaching out and collaborating with travel agencies and influencers to attract domestic and foreign tourists this year.
It is also rolling out promotional campaigns targeting guests of any age and budget, the group added.
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