Humble House is optimistic about business opportunities in the fourth peak season. (File photo)
[Reporter Wang Yihong/Report from Taipei] Humble House (2739)’s cumulative consolidated revenue in the first three quarters was 3.835 billion yuan, an annual increase of 4%, a record high for the same period in previous years. The after-tax net profit was 237 million yuan, an annual increase of 156.59%, and the earnings per share (EPS) was 2.58 yuan. Among them, catering revenue was 2.206 billion yuan, an annual increase of 4.31%, and housing revenue was 1.539 billion yuan, an annual increase of 3.7%.
The consolidated revenue of Humble House in the third quarter was 1.143 billion yuan, an annual increase of 4.96%, of which catering revenue was 643 million yuan, an annual increase of 5.68%, and housing revenue was 467 million yuan, an annual increase of 3.32%. The net loss after tax in the single quarter was approximately 14 million yuan, a year-on-year decrease of 191.44%, and the loss per share was 0.15 yuan, which was larger than the loss per share of 0.05 yuan in the same period last year. In this regard, Humble House pointed out that the main reason is that in the third quarter, the group used the off-season to promote the upgrade of hotel facilities, including the optimization of the dining space of Hanmu Hotel in Jiaoxi, and the improvement project of the lobby entrance and exit of Sheraton Taipei Hotel, which affected some operational arrangements in the short term. However, the relevant renovation work has been completed, and the hotel environment and service quality have been simultaneously improved, which is expected to add momentum to the fourth quarter operation.
Looking forward to the future, Hanshe said that as the demand for accommodation increases during Christmas and New Year's Eve, it is expected that the occupancy rate will remain high and drive the growth of average house prices. In order to lay out tourism business opportunities at the end of the year and next year, Humble House Hotel has launched an online travel show since October, integrating the products of Sheraton Taipei Hotel, Le Méridien Taipei, Hanju Hotel and Jiaoxi Hanmu Hotel, and extending the promotion to the end of November to continue the travel show buying momentum. In conjunction with the ITF Taiwan International Travel Show, through online and offline dual channels and cross-venue sales, it will expand the customer base and increase revenue.
In terms of catering, Hanshe said that the fourth quarter is the peak catering season, and its hotels have successively launched festival catering, New Year dish takeaway and Spring Festival wine projects, and actively strived for corporate dining and large-scale banquet business opportunities. As the weather gets cooler and the demand for hot spring bathing increases in autumn and winter, Jiaoxi Hanmu Hotel takes advantage of its hot spring vacation and combines it with the newly opened MU TABLE buffet restaurant. Currently, the demand for bookings is strong on weekends before the end of the year, and the holiday booking rate is close to full.
Hanshe said that with a stable source of international business customers, continued demand in the high-end accommodation market, and the peak consumer season at the end of the year, Hanshe Hotels and Resorts is optimistic about the performance of its dual core businesses of housing and catering, and will continue to strengthen revenue management and cost control, improve overall profitability, and strive to achieve greater success in the entire year's operations.
In the face of international hotel brands entering Taiwan one after another, Humble House Hospitality is cautiously optimistic about the market prospects and hopes that all brands will jointly promote the vigorous development of Taiwan's tourism industry. In the future, we will continue to strengthen the differentiated positioning of our hotels, leverage the advantages of brand, catering and channel integration to consolidate the group's market competitiveness.
