The Landis Taipei (5703) 2025 法說會簡報
Company Overview
Company Profile
- Company Name: 亞都麗緻大飯店股份有限公司 (The Landis Taipei Co., Ltd.)
- Stock Code: 5703
- Date of Establishment: May 25, 1977
- Listing Date: June 15, 1999
- Paid-in Capital: NT$702,395,940
- Business Scope: Tourist hotel industry, restaurant industry, conference room rental industry
- Business Location: No. 41, Section 2, Minquan East Road, Zhongshan District, Taipei City
- Number of Employees: 164 (excluding part-time staff)
The Landis Taipei
- Flagship hotel since 1979, located in Taipei's downtown
- Decorated in a French Art Deco style, has hosted many celebrities
- 219 newly renovated guest rooms and suites
Landis Hospitality Group
- Guest-first philosophy with dedicated staff and services
- Provides hotel management consulting and operates distinctive restaurants
- Core value of heartfelt service surpassing the comfort of home
Our Restaurants
Three distinctive restaurants:
-
Tien Hsiang Lo (天香樓)
- Specializes in traditional Hangzhou cuisine
- Accolades: Michelin star since 2018, Wine Spectator Award 2020-Present
- Signature Dishes:
- 蟹釀橙 (Fried Crab Meat Steamed in Orange)
- 盞蒸羊 (Steamed Tender Sliced Lamb)
- 龍井蝦仁 (Stir Fried River Shrimps with "Long Ching" Tea)
- 宋嫂魚圓羹 (Madame Sung's Fish Soup with Fish Ball)
- 天香樓經典東坡肉 (Tien Hsiang Pork "Don Po" Style)
-
Paris 1930 de Hideki Takayama (巴黎廳1930 x 高山英紀)
- Leader in high-end Taiwanese cuisine and French gastronomy
- Accolades: Michelin star (2022-2023), Michelin Sommelier Award (2022)
- Signature Dish: 酥皮松露鴨肝牛肉澄清湯 (La Soupe aux Truffles Noires V.G.E)
-
La Brasserie (巴賽麗廳)
- Offers traditional French dishes and buffet breakfast
- Accolades: Wine Spectator Award 2020-Present
- Signature Dishes:
- 熱月龍蝦 (Homard Thermidor)
- 香煎比目魚襯安納洋芋 (Filet de Flétan à la Dugléré)
Financial Highlights
Revenue in Recent Five Years
Unit: NT$ Thousand
| Category | 2020 | 2021 | 2022 | 2023 | 2024 | 2025.01-2025.03 |
|---|---|---|---|---|---|---|
| Room Revenue | 81,179 | 18,757 | 39,989 | 185,489 | 176,479 | 44,199 |
| F&B Revenue | 228,281 | 168,233 | 187,868 | 212,279 | 207,669 | 60,100 |
| Other Operating Revenue | 37,633 | 24,250 | 24,819 | 34,385 | 40,615 | 11,921 |
1Q2025 Consolidated Income Statement
Unit: NT$ Thousand
| Item | 1Q2025 | 1Q2024 | YoY | 2024 | 2023 | YoY |
|---|---|---|---|---|---|---|
| Operating Revenue | 116,220 | 124,684 | -6.79% | 424,763 | 432,153 | -1.71% |
| Operating Costs | (65,148) | (72,878) | (265,283) | (250,828) | ||
| Gross Profit (Loss) | 51,072 | 51,806 | -1.42% | 159,480 | 181,325 | -12.05% |
| Operating Expenses | (37,812) | (36,628) | (144,794) | (135,225) | ||
| Operating Income (Loss) | 13,260 | 15,178 | -12.64% | 14,686 | 46,100 | -68.14% |
| Non-operating Income & Expenses | 6 | (170) | 2,464 | 1,055 | ||
| Profit (Loss) Before Tax | 13,266 | 15,008 | -11.61% | 17,150 | 47,155 | -63.63% |
| Income Tax Benefit (Expense) | (2,682) | (3,023) | (3,515) | (8,340) | ||
| Net Profit (Loss) for the Period | 10,584 | 11,985 | -11.69% | 13,635 | 38,815 | -64.87% |
| Net Profit Attributable to Owners of Parent | 10,584 | 11,985 | 13,635 | 38,815 | ||
| EPS (Loss) | 0.15 | 0.17 | 0.19 | 0.55 |
Recent Performance & Results
Changes in Total Visitor Arrivals to Taiwan in the Past 4 Years
- Cumulative January-February 2025: 1,350,236 visitor arrivals
- February 2025 Subtotal: 699,158 visitor arrivals
Summary of Tourism Market in February 2025
- Total visitor arrivals were 699,158, an increase of 7.84% YoY
- Major Source Markets:
- Japan: 120,463 (18.72%)
- South Korea: 107,710 (-2.27%)
- China: 45,445 (20.48%)
Occupancy Rate in Recent Half Year
- Tourist Hotel Occupancy Rate (%):
- 2025.01: 59.34 (3.31% YoY change)
- 2025.02: 61.13 (4.19% YoY change)
Average Room Rate in Recent Four Years
- Approximate Average Room Rates (NT$):
- 2021: Taipei ~3,800, Landis ~3,500
- 2022: Taipei ~4,100, Landis ~4,600
- 2023: Taipei ~4,600, Landis ~4,800
- 2024: Taipei ~5,000, Landis ~4,200
Future Outlook & Guidance
- No specific numerical guidance for revenue or earnings provided.
- Focus on strategic initiatives in sustainability and culinary leadership.
Strategic Initiatives & Plans
Sustainability Initiatives
- Environmental Policy Initiatives:
- Replacing single-use toiletries
- Reducing linen washing frequency
- Gold-level Eco-Friendly Hotel certification in 2023
Culinary Leadership & Experience
- Mission: To elevate domestic culinary standards.
- Engaging guests through culinary culture and arts.
Key Charts, Graphs, and Data Points
- Visitor arrivals and occupancy rates data.
- Operating revenue breakdown for 2020-2024 and 1Q2025.
Products, Services & Technology
Hotel Services
- Professional hotel management consulting
- Comprehensive accommodation, dining, and travel experiences
Restaurant Brands & Cuisine
- Tien Hsiang Lo: Traditional Hangzhou cuisine
- Paris 1930: Modern French cuisine
- La Brasserie: Authentic traditional French dishes
Environmental Initiatives
- Implementation of eco-friendly policies and waste management practices.