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.
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,
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
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) yesterday expressed a downbeat view about the prospects of humanoid robots, given high manufacturing costs and a lack of target customers. Despite rising demand and high expectations for humanoid robots, high research-and-development costs and uncertain profitability remain major concerns, Lam told reporters following the company’s annual shareholders’ meeting in Taoyuan. “Since it seems a bit unworthy to use such high-cost robots to do household chores, I believe robots designed for specific purposes would be more valuable and present a better business opportunity,” Lam said Instead of investing in humanoid robots, Quanta has opted to invest
RSS