Hotel Shilla Reaps the Rewards of Improved Profitability Despite Accepting a 'Smaller Scale'

Hotel Shilla posted consolidated Q2 2026 revenue of 971.8 billion won, down 5.2% year on year.

Operating profit surged 602.3% to 61.1 billion won, marking a sharp turnaround in profitability.

Its duty-free (TR) division returned to profit even as sales declined.

The hotel and leisure segment also saw both revenue and earnings improve.

The results suggest the company’s profitability-focused strategy is working despite the loss of Incheon airport duty-free operations.