Yadu Lizhi held a law seminar yesterday and stated that, benefiting from the proper control of the domestic epidemic, the performance of its catering business has gradually recovered to 80% of the pre-epidemic level.

(Picture photo, provided by Yadu Lizhi)

[Reporter Wang Yihong/Taipei Report] Yadu Lizhi (5703) held a law seminar yesterday. Yadu spokesperson Cai Yiwen said that, benefiting from the domestic epidemic control, the current performance of its catering business has gradually recovered to 80% of the pre-epidemic level, and it will be possible next year. Return to pre-epidemic levels; in terms of housing, after the border loosening on October 13, the weekly housing rate has increased by multiples, and Yadu has not suffered a serious loss of manpower. In the future, as long as international business travelers come back, the housing momentum will be fully pick up.

Weekly housing rate doubled after border loosening 0+7

It has been nearly 43 years since the opening of the Landis Hotel in Taipei. Compared with the renovation of many hotels during the epidemic period, Cai Yiwen said that the real estate of the Landis Yadu is all its own assets, and the major shareholder has no plans for reconstruction at present.

At present, about 90% of Yadu's outstanding shares are in the hands of the major shareholder Zhou Jia, and the equity is quite stable.

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Before the epidemic, the revenue from restaurants and housing in Yadu was half and half, and the occupancy rate averaged between 60-70%; Cai Yiwen said that Yadu's tenants were mainly international business guests, and the occupancy rate during the epidemic was almost zero to 4%. , and after the implementation of entry 0+7, the occupancy rate has increased by multiples every week, and now it has exceeded 10%, which is quite optimistic about the future booking rate.

Cai Yiwen further analyzed that compared with business travelers in other hotels, the stay is 3-5 days longer. Most of the international business travelers in Yadu are resident, ranging from one week to three months. Overall boost in occupancy rates.

In terms of catering business, Cai Yiwen said that the Landis Hotel Yadu has three restaurants, namely Basili, Paris Hall 1930X Gaoshan Yingji, and Tianxiang Lou. It will definitely expand externally, but the investment time has not yet been determined.

As for whether there is a shortage of manpower; Cai Yiwen said that during the epidemic, the management still insisted on maintaining manpower. Although some employees with 30-40 years of experience retired, some were hired back as time staff and passed on new blood. The loss situation is not as serious as that of its peers, so as long as the international business customers come back, the growth momentum will be fully recovered.

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