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.
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,
Taiwan’s property market is entering a freeze, with mortgage activity across the nation’s six largest cities plummeting in the first quarter, H&B Realty Co (住商不動產) said yesterday, citing mounting pressure on housing demand amid tighter lending rules and regulatory curbs. Mortgage applications in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung totaled 28,078 from January to March, a sharp 36.3 percent decline from 44,082 in the same period last year, the nation’s largest real-estate brokerage by franchise said, citing data from the Joint Credit Information Center (JCIC, 聯徵中心). “The simultaneous decline across all six cities reflects just how drastically the market
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