My Humble House Hospitality: Computer Show Boosts Business, Taipei Hotels Nearly Full

My Humble House Hospitality stated on the 26th that with the Taipei International Computer Show driving up business travel demand, the occupancy rate of its Taipei hotels is nearly full. Coupled with the Dragon Boat Festival holiday, the summer travel peak, and exhibition and banquet demand in the second half of the year, the company is optimistic about its full-year performance. My Humble House Hospitality held its 115th annual general meeting today, approving the 114th fiscal year business report and profit distribution, with a cash dividend of NT$2.58 per share. Benefiting from the recovery of the international tourism market and steady growth in catering and banquet demand, the company's consolidated revenue for 114 reached NT$5.17 billion, a 2.72% increase year-on-year, with a net profit after tax of NT$216 million, a 56.31% decrease, and earnings per share (EPS) of NT$2.36. In the first quarter of this year, consolidated revenue was NT$1.423 billion, a 1.7% increase, and net profit after tax was NT$119 million, a 109.13% increase, with an EPS of NT$1.3. My Humble House Hospitality stated that the impact of inflation and geopolitical factors like the Middle East conflict on operations has been limited. The first quarter performed well, driven by Lunar New Year gatherings, year-end banquets, and stable business travel. Additionally, the rise in the Taiwan stock market improved the valuation of financial assets compared to the same period last year, boosting overall profits. The company noted that the occupancy rates of the Sheraton Grand Taipei Hotel and Le Méridien Taipei remain high, with Le Méridien Taipei maintaining an average occupancy rate of over 85% from January to April this year. With the Taipei International Computer Show (COMPUTEX) starting in June, both occupancy rates and average room rates are expected to rise, helping to boost second-quarter accommodation revenue.