UK-based InterContinental Hotels Group (IHG) will open another upscale hotel in Taiwan in 2014, bringing its total number of hotels in the country to five, an IHG official said in a media briefing yesterday.
“With the number of outbound travelers reaching 22 million and inbound travelers reaching 6 million in 2011, Taiwan is a market with huge potential and very important to IHG,” vice president of sales and marketing Nick Barton said.
IHG is the largest hotel operator by number of rooms in the world and in Greater China.
In 2007, IHG set up its first hotel in Taiwan — the Holiday Inn Hotel in Taipei. That was followed by two Holiday Express Hotels in Taoyuan and Taichung, and the Crowne Plaza Hotel at E-Da World (義大世界) theme park in Greater Kaohsiung, making the company the biggest hotel operator in Taiwan, Barton said.
The company will establish another Crowne Plaza Hotel in Greater Tainan in 2014 and is in talks with potential local partners about future projects, Barton said.
He added that IHG planned to bring other high-end brands such as InterContinental Hotels and Hotel Indigo, as well as set up more price-friendly Holiday Inns in Taiwan.
IHG owns very little assets because its business model is focused on management and franchise, relying on the strength of local partnerships and relationships, Barton said.
IHG currently has more than 4,500 hotels in more than 100 countries, including 170 in the Greater China region.
SEEKING CLARITY: Washington should not adopt measures that create uncertainties for ‘existing semiconductor investments,’ TSMC said referring to its US$165 billion in the US Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) told the US that any future tariffs on Taiwanese semiconductors could reduce demand for chips and derail its pledge to increase its investment in Arizona. “New import restrictions could jeopardize current US leadership in the competitive technology industry and create uncertainties for many committed semiconductor capital projects in the US, including TSMC Arizona’s significant investment plan in Phoenix,” the chipmaker wrote in a letter to the US Department of Commerce. TSMC issued the warning in response to a solicitation for comments by the department on a possible tariff on semiconductor imports by US President Donald Trump’s
‘FAILED EXPORT CONTROLS’: Jensen Huang said that Washington should maximize the speed of AI diffusion, because not doing so would give competitors an advantage Nvidia Corp cofounder and chief executive officer Jensen Huang (黃仁勳) yesterday criticized the US government’s restrictions on exports of artificial intelligence (AI) chips to China, saying that the policy was a failure and would only spur China to accelerate AI development. The export controls gave China the spirit, motivation and government support to accelerate AI development, Huang told reporters at the Computex trade show in Taipei. The competition in China is already intense, given its strong software capabilities, extensive technology ecosystems and work efficiency, he said. “All in all, the export controls were a failure. The facts would suggest it,” he said. “The US
The government has launched a three-pronged strategy to attract local and international talent, aiming to position Taiwan as a new global hub following Nvidia Corp’s announcement that it has chosen Taipei as the site of its Taiwan headquarters. Nvidia cofounder and CEO Jensen Huang (黃仁勳) on Monday last week announced during his keynote speech at the Computex trade show in Taipei that the Nvidia Constellation, the company’s planned Taiwan headquarters, would be located in the Beitou-Shilin Technology Park (北投士林科技園區) in Taipei. Huang’s decision to establish a base in Taiwan is “primarily due to Taiwan’s talent pool and its strength in the semiconductor
French President Emmanuel Macron has expressed gratitude to Hon Hai Precision Industry Co (鴻海精密) for its plan to invest approximately 250 million euros (US$278 million) in a joint venture in France focused on the semiconductor and space industries. On his official X account on Tuesday, Macron thanked Hon Hai, also known globally as Foxconn Technology Group (富士康科技集團), for its investment projects announced at Choose France, a flagship economic summit held on Monday to attract foreign investment. In the post, Macron included a GIF displaying the national flag of the Republic of China (Taiwan), as he did for other foreign investors, including China-based
RSS