Formosa International Hotels Corp operates in the Hotels and motels sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Formosa International Hotels Corp with three other
hotel and motel operators in Asia:
Asset World Corp PCL
sales of 5.98 billion Thai Bahts [US$190.21 million]
of which 54%
was Rental and commercial services),
Hotel Properties Limited
(258.76 million Singapore Dollars [US$192.24 million]
of which 90%
was Hotels), and
Mandarin Oriental International Ltd
based in HONG KONG
(1.42 billion Hong Kong Dollars [US$183.54 million]
of which 88%
was Hotel Ownership).
During the first
quarter of 2021, sales at Formosa International Hotels Corp totalled
1.55 billion Taiwanese Dollars .
an increase of 13.6%
from the 1.36 billion Taiwanese Dollars in sales at the company during the first quarter of 2020.
This was the largest same quarter increase in sales since the first
quarter of 2015.
There appears to be at least some degree of seasonality in the sales at Formosa International Hotels Corp: during 8 of the previous 9
years, sales were highest during the fourth quarter.
The exception to this was during 2018, when the
first quarter was the best quarter, accounting for
26% of sales (during that same year, the
fourth quarter accounted for 25% of sales).
Formosa International Hotels Corp reported sales of 5.42 billion Taiwanese Dollars (US$195.12 million)
December of 2020.
decrease of 17.0%
versus 2019, when the company's sales were 6.54 billion Taiwanese Dollars .
Contributing to the drop in overall sales was the 29.2% decline
in Accommodation, from 2.21 billion Taiwanese Dollars to 1.56 billion Taiwanese Dollars .
There were also decreases in sales in
Food Service (down 13.5% to 3.29 billion Taiwanese Dollars )
However, these declines were partially offset by the increase in sales of
Rental Service (up 8.6% to 443.45 million Taiwanese Dollars )
Technology Service and Management (up 23.5% to 123.02 million Taiwanese Dollars )