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.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
TECH RELIANCE: Growth is increasingly reflecting an unequal K-shaped distribution, where technology sectors outperform and other industries struggle, an expert said Standard Chartered Bank has significantly raised its forecast for Taiwan’s economic growth to 9.5 percent this year, up from 7.6 percent previously, citing surging artificial intelligence (AI) demand driving exports, semiconductor production and investment. The upgrade reflects a sustained AI supercycle that continues to fuel demand for advanced chips and technology infrastructure, which form the backbone of Taiwan’s exports, the bank said in a report this week. “We raise our 2026 growth forecast to reflect a much stronger-than-expected first-quarter GDP figure,” Standard Chartered senior economist for greater China and Asia Tommy Wu (胡東安) said in the report. Driven largely by a 35.3 percent
Two of Taiwan’s international carriers, Starlux Airlines Co (星宇航空) and EVA Airways Corp (長榮航空), have retained the five-star airline rating awarded by international airline review organization Skytrax. Starlux was awarded the distinction for a second consecutive year, while EVA Air received it for the 11th straight year, Skytrax said in statements released yesterday and on Thursday last week, respectively. The five-star rating is considered one of the airline industry's highest honors and is awarded following professional audits of airline product and frontline service standards, Skytrax said. The ratings are based on in-depth assessments using unified global quality standards rather than customer review scores
RSS