Two major local hotel chains yesterday said that they are looking at further revenue improvement this quarter and beyond on the back of demand from international business travelers, meetings and exhibitions.
Wilhelm Tsai (蔡伯翰), chairman of luxury hotel operator My Humble House Hospitality Management Consulting Co (寒舍餐旅), told an annual shareholders’ meeting that occupancy rates recovered to 70 percent in the first quarter, while daily room rates stood at NT$6,500 (US$212), lifting revenue by 47.31 percent year-on-year to NT$1.2 billion, higher than the level before the COVID-19 pandemic.
First-quarter net income was NT$82 million, or earnings per share of NT$0.90, the second consecutive quarter of profit and a big jump from a year earlier, company data showed.
Photo: Wang Yi-hung, Taipei Times
Tsai attributed the impressive showing to the return of international business travelers, the main target clientele for its urban properties, after Taiwan ended border controls in October last year.
Occupancy rates at Le Meridien Taipei (台北寒舍艾美酒店) in the Xinyi District (信義) hit 80 percent last month and this month, and room rates climbed to NT$,9500, Tsai said, adding that the property and adjoining Humble House Taipei (寒舍艾麗) are also benefitting from the ongoing Computex trade show.
The event helped boost food and beverage sales, and business momentum would sustain, aided by the Dragon Boat Festival next month and healthcare conferences in July, Tsai said.
The group, which also operates Sheraton Grand Taipei Hotel (台北喜來登大飯店) near Taipei Railway Station, Humble Boutique Hotel (寒居酒店) in Taipei’s Zhongshan District (中山) and hot spring resort Mu Jiaosi Hotel (礁溪寒沐) in Yilan County, is collaborating with foreign travel agencies and other sales channels to help woo foreign tourists, he said.
Similarly, FDC International Hotels Corp (雲品國際) told its shareholders it has recovered from the COVID-19 pandemic and would put up a stronger financial performance.
FDC has signed 10 management contracts, with seven already in operation and three more to start, in line with the company’s attempt to diversify its income sources, it said.
The strategy would grow its economic scale and provide synergy in terms of cross-selling efficiency, revenue expansion and cost controls, it said.
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