Major hotels yesterday reported strong coupon sales for their buffet restaurants on the first day of the Taipei International Travel Fair.
A long line of people waited to buy coupons for 38 percent off purchases at buffet restaurant Brasserie (柏麗廳) in Regent Taipei (台北晶華酒店), the flagship property of Regent Hotels & Resorts (晶華麗晶酒店集團).
“More people know how to make astute calculations and buy restaurant coupons for next year at the lowest available price,” a Regent communications official said.
The hotel is expecting a 10 percent increase in sales from the four-day trade show, the biggest annual event for the hospitality industry that is being held at Taipei Nangang Exhibition Center until Monday.
My Humble House Hospitality Management Consulting Co (寒舍餐旅) said it sold 10,000 coupons for Kitchen 12 (十二廚), a buffet restaurant at Grande Taipei Hotel (台北喜來登大飯店), and 5,000 coupons for Latest Recipe (探索廚房), an all-you-can-eat facility at Le Meridien Taipei’s (台北寒舍艾美酒店).
The figure might climb higher as the exhibition continues, the company said in a statement.
My Humble House is seeking to boost sales through discount offers of up to 45 percent at different facilities, it said.
The addition late last year of hot spring resort Mu Jiaosi Hotel (礁溪寒沐酒店) in Yilan County is helping inflate synergy benefits as the group expands its business outside of Taipei, it said.
Humble House Hotel Taipei (寒舍艾麗酒店), the group’s first own-brand hotel, also took part in the sales campaign, it said.
Leofoo Tourism Group (六福旅遊集團) said it sold NT$13 million (US$420,685) of restaurant and accommodation coupons, led by its theme park Leofoo Village Theme Park (六福村) and the adjacent Leofoo Resort (六福莊) in Hsinchu County, the group said in a statement.
It was a 30 percent improvement from a year earlier, thanks to discount and upgrade offers, it said.
Coupon sales were strong for its buffet restaurant, Sunrise at Courtyard by Marriott in Taipei’s Nangang District (南港), as more people are visiting the area, it said.
FDC International Hotels Corp (雲品國際) said that restaurant coupons for Palais de Chine (君品酒店) near Taipei Railway Station proved a popular item at the show and might attract more buyers after election day.
‘BIG LOSS’: This year might see the last generation of Huawei’s Kirin chips, as their production would stop next month because they are made using US technology Chinese tech giant Huawei Technologies Co (華為) is running out of processor chips to make smartphones due to US sanctions and would be forced to stop production of its own most advanced chips, a company executive has said, in a sign of growing damage to Huawei’s business from US pressure. Huawei, one of the biggest producers of smartphones and network equipment, is at the center of US-Chinese tension over technology and security. Washington last year cut off Huawei’s access to US components and technology, and those penalties were tightened in May, when the White House barred vendors worldwide from using US
CORPORATE SCANDAL: Cathay Life has invested NT$13.3 billion in Bank Mayapada since 2015, but the latest loss of NT$8.8 billion has completely written off its investment Cathay Life Insurance Co (國泰人壽) yesterday said it would recognize an investment loss of NT$8.8 billion (US$298.1 million) in Indonesia’s Bank Mayapada Internasional Tbk PT due to concerns about the lender’s operations amid a corporate scandal. The company said it would revise its earnings result for June, from a net profit of NT$6.52 billion to a net loss of NT$520 million, its first monthly loss over the past 17 months. After booking an investment loss of NT$5.2 billion in Bank Mayapada earlier this year, Cathay Life has so far recognized total investment losses of NT$14 billion in the lender, executive vice president
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported that revenue last month expanded 25 percent annually, but fell 12.8 percent month-on-month to NT$105.96 billion (US$3.59 billion). In the first seven months of this year, the chipmaker’s revenue surged 33.6 percent to NT$727.26 billion, compared with NT$544.46 billion a year earlier. TSMC has said it aims to grow its revenue by more than 20 percent this year. The company has since May 15 stopped taking new orders from Huawei Technologies Co (華為), its second-biggest customer after Apple Inc, due to the US’ restrictions on exports containing US technologies. TSMC has no plans to
The US stock market has been on a tear, yet the country’s economy is in the dumps. So why do so many people believe — undoubtedly incorrectly — that the stock market has decoupled from reality? The economy many people experience, while bleak, is local, personal and, for the most part, either not publicly traded or plays only a small part in the stock market’s moves. To explain why these personal experiences have so little effect on equity markets, we must look more closely at the market role of the weakest industry sectors. The surprising conclusion: The most visible and economically vulnerable