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
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.
EGL Holdings Company Limited released its unaudited condensed consolidated interim results for the six months ended 30 June 2025. The Group reported that revenue from FIT (Free Independent Traveller) products and ancillary travel-related products and services decreased by 20.8% to approximately HK$31.1 million, compared to HK$39.3 million for the same period in 2024. This segment contributed 4.5% of the Group’s total revenue, down from 5.2% in the prior-year period. The decline was attributed to a significant reduction in travel bookings from Hong Kong to Japan following widespread concerns over a predicted earthquake, which led airlines to cut flight frequencies due to weakened demand. Revenue from the hotel operation segment increased by 24.6% to approximately HK$80.2 million, up from HK$64.4 million in the first half of 2024. Revenue from external customers in this segment was HK$75.2 million, compared to HK$57.2 million in the previous year, contributing 10.9% to the Group’s total revenue, up from 7.5%. Gross profit for the hotel operation segment rose by 37.6% to HK$54.3 million. The average occupancy rate for the Group’s hotel during the period was 92.9%, an increase from 92.2% in the corresponding period last year. The report noted that the negative impact on travel demand to Japan was limited to travelers from Hong Kong, and demand from other regions remained unaffected. The hotel segment benefited from factors such as the Osaka-Kansai Expo and a weak yen, supporting tourism and hotel occupancy rates in Japan. EGL Holdings indicated a continued focus on its core travel-related and hotel businesses, following the consolidation of its resources and a shift away from non-core product sales since October 2023. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EGL Holdings Co. Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
