Tourists return, Six Senses Ninh Van Bay, Hoi An hotel... escape losses

Hoi An Tourism Service Joint Stock Company is the first and oldest hotel operator in Hoi An, reporting revenue in the second quarter of 2023 of VND 26.3 billion, 2.7 times higher than the same period last year, and after-tax profit of nearly VND 710 million, while in the same period it lost nearly VND 4.7 billion. In the first 6 months of this year, the company achieved revenue of more than VND 47.3 billion and after-tax profit of nearly VND 839 million compared to the same period last year (the first 6 months of 2022 lost VND 11.69 billion).

Of which, Hoi An hotel contributes more than 50% of the company's revenue. The rest comes from Hoi An Travel Company Limited, Sea Tourist Area and Tam Thanh Resort. Previously, on April 27, the company's HOT stock was forced to delist due to 3 consecutive years of losses. Currently, HOT stock is being traded on UPCoM.

Khách du lịch quay trở lại, Six Senses Ninh Vân Bay, khách sạn Hội An... thoát lỗ - Ảnh 1. — Hotels and resorts have escaped losses as the number of tourists increases again.

Another company that escaped losses after the first 6 months of this year is Ninh Van Bay Tourism Real Estate JSC - the owner of the most luxurious resorts in Vietnam today such as Six Senses Ninh Van Bay. The report shows that the company achieved revenue of 184.7 billion VND, an increase of 10.7% over the same period last year. The company's after-tax profit reached more than 22 billion VND, of which the parent company's profit was more than 7.2 billion VND while in the same period it suffered a loss of 12.9 billion VND.

The company assessed that in 2023, domestic tourism and localities with resorts in particular have shown many signs of recovery and better development. The 6-month business performance of the resorts is very positive. At the same time, the company also recorded a return of 18.3 billion VND from the provision for capital investment in Tan Phu Tourism Joint Stock Company...

Meanwhile, Thanh Thanh Cong Tourism Joint Stock Company - with a hotel system such as TTC Hotel - recorded revenue in the first 6 months of this year reaching more than 303.6 billion VND, an increase of 22.3%. In the second quarter of 2023 alone, the company earned nearly 7.8 billion VND, helping the accumulated first 6 months of the year to escape losses with a profit of 1.11 billion VND. However, compared to the first 6 months of 2022, Thanh Thanh Cong's profit has decreased by nearly 50%.

Businesses explained that in the context of the global economic recession, sharp increases in interest rates and corporate income tax costs were the main factors reducing profits.

Meanwhile, Saigon Hotel Joint Stock Company - the management unit of Saigon Hotel, one of the oldest hotels in Ho Chi Minh City - after the first 6 months of this year achieved revenue of more than 20.5 billion VND, more than double compared to the same period last year. The company achieved after-tax profit of more than 9.45 billion VND, 4.2 times higher than the same period...

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