EGL Holdings Reports 20.8% Drop in FIT and Ancillary Travel Related Products and Services Revenue to HK$31.1 Million; Net Profit for First Half of 2025 Significantly Down Due to Lower Travel Demand to Japan
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EGL Holdings reported a 20.8% decline in revenue from FIT and ancillary travel-related services to HK$31.1 million for the first half of 2025, attributed to reduced travel demand to Japan due to earthquake concerns. Conversely, hotel operation revenue rose by 24.6% to HK$80.2 million, benefiting from events like the Osaka-Kansai Expo. The hotel segment's gross profit increased by 37.6%, with an occupancy rate of 92.9%. The company remains focused on its core travel and hotel businesses after consolidating resources since October 2023.
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