Cosmos Hotel & Resorts Group (天成飯店集團) has stood by its expansion plans in an increasingly competitive market by launching a new facility in Taichung to capitalize on tourism demand in central Taiwan.
ICASA (回行旅), the second property under the group’s Cosmos Creation (天成文旅) brand, offers 100 rooms, the group’s assistant marketing director, Blythe Chao (趙芝綺), said in an interview on Wednesday.
“Despite intensifying competition, the group pressed ahead expansion plans and is upbeat about a 70 percent occupancy for ICASA in the first year,” Chao said.
The group, which operates six hotels and one independent restaurant in Taiwan, plans to add a third Cosmos Creation outlet in Taipei and a luxury resort hotel in Hualien’s Ruisui Township (瑞穗) this year, while expanding villa facilities at Yaward Resort Taoyuan (悅華大酒店), she said.
The expansion will raise its total number of guest rooms to 1,000, she added.
Chao declined to elaborate on the third Cosmos Creation property except to say that it would have about 80 rooms.
The Cosmos Creation brand was launched in 2013 to differentiate properties through features on local culture and customized designs, such as the Sun Dialogue Hotel (繪日之丘) in Chiayi, from its urban outlets like Cosmos Taipei (台北天成大飯店) and the Taipei Garden Hotel (台北花園大酒店).
The new ICASA had its soft opening in January and its traget market is Taiwanese families and independent tourists with middle-level travel budgets, Chao said.
The new facility cost the group NT$700 million (US$23 million) and the aim is for it to generate NT$80 million in revenue this year with room rates that begin at NT$3,999, she said.
Foreign travelers account for 40 percent of the hotel’s guests, but the hotel hopes to raise that figure to 50 percent, she said.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
POWERING UP: PSUs for AI servers made up about 50% of Delta’s total server PSU revenue during the first three quarters of last year, the company said Power supply and electronic components maker Delta Electronics Inc (台達電) reported record-high revenue of NT$161.61 billion (US$5.11 billion) for last quarter and said it remains positive about this quarter. Last quarter’s figure was up 7.6 percent from the previous quarter and 41.51 percent higher than a year earlier, and largely in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$160 billion. Delta’s annual revenue last year rose 31.76 percent year-on-year to NT$554.89 billion, also a record high for the company. Its strong performance reflected continued demand for high-performance power solutions and advanced liquid-cooling products used in artificial intelligence (AI) data centers,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
RSS