Hotel operator My Humble House Hospitality Management Consulting Co (寒舍餐旅) yesterday forecast continued business growth, aided by major trade shows, concerts and sporting events.
The company told shareholders it expects further business improvement in the second half of this year, supported by the return of international tour groups, seasonal holidays and major trade exhibitions such as the recently concluded Computex in Taipei.
These factors are driving demand for accommodation, food and beverage, as well as gift packages across the group’s properties, it said.
Photo courtesy of My Humble House Hospitality Management Consulting Co
Consolidated revenue reached NT$1.77 billion (US$58.99 million) in the first four months of this year, an increase of 2.99 percent year-on-year, company data showed.
Net income in the first quarter was NT$56.93 million, down 65.85 percent from a year earlier, while earnings per share fell to NT$0.62 from NT$1.82.
Shareholders approved the distribution of a cash dividend of NT$1 per share, based on last year’s earnings per share of NT$5.39, representing a payout ratio of 18.55 percent.
My Humble House said the Sheraton Grand Taipei Hotel (台北喜來登) achieved a 92 percent occupancy rate during Computex last month, up 11 percent from a year earlier, while another property, Le Meridien Taipei (台北寒舍艾美酒店), reached 95 percent occupancy, an annual increase of 4 percent.
With international tourism recovering and targeted marketing initiatives in place, the company is well-positioned for a strong second half of the year, it said.
It is to enhance its pricing and marketing strategies and collaborate with Marriott International to improve market share, it added.
Separately, hotel operator Leofoo Tourism Group (六福旅遊集團) told shareholders it recorded better performance in its hospitality segment, judging by occupancy rates so far this year that surpass last year’s figures.
The company’s Courtyard by Marriott Taipei in Nangang (台北六福萬怡) benefited from its convenient location at a major transportation hub, capitalizing on business opportunities from trade shows, concerts and sporting events, it said.
Leofoo reported net profit of NT$89 million last year, or earnings per share of NT$0.46, reversing eight years of losses.
Looking ahead, Leofoo said it would pursue a dual-focus strategy to bolster its real-estate and tourism operations.
The transformation of the former Leofoo Hotel (六福客棧) into a hotel-style commercial office complex would be completed next year, the company said.
Meanwhile, preparation for phase-two construction on Leofoo Resort Guanshi (關西六福莊生態渡假旅館) is under way, with an aim to build an international resort integrating animal experiences and conservation, it said.
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