InterContinental Hotels Group PLC has launched a new hotel in Taichung under the Holiday Inn Express brand with the aim of achieving 80 percent occupancy next year.
The 96-guestroom facility is in a new building with 10 stories above ground and three basement levels near Fengchia Night Market (逢甲夜市) in Situn District (西屯).
It is targeting young, individual leisure and business travelers, general manager Wilson Chang (張惟森) said by telephone.
The hotel is a collaboration with Taipei-based Earnest Development and Construction Co (誠意開發), which is expanding into the hospitality industry after three decades of property development, Chang said.
InterContinental and Earnest Development are upbeat about the business potential in the Fengchia area, where occupancy rates have been growing rapidly, while the hotel is a 15-minute drive from the city’s high-speed rail station, and in the vicinity of the Taichung Metropolitan Opera House and other popular tourist attractions, he said.
The convenient location and room rates from NT$3,100 per night, including breakfast, would help the hotel gain popularity quickly and achieve an occupancy rate of 80 percent or higher in the first year, Chang said.
InterContinental, which operates 5,603 hotels under 15 brands worldwide, is keen to expand its business presence in Taiwan and the rest of Asia.
It is soon to add Hotel Indigo Taipei in the Dazhi (大直) area to its portfolio, which also includes Indigo Kaohsiung, Indigo Hsinchu, Crowne Plaza and Kimpton.
The demise of the coal industry left the US’ Appalachian region in tatters, with lost jobs, spoiled water and countless kilometers of abandoned underground mines. Now entrepreneurs are eyeing the rural region with ambitious visions to rebuild its economy by converting old mines into solar power systems and data centers that could help fuel the increasing power demands of the artificial intelligence (AI) boom. One such project is underway by a non-profit team calling itself Energy DELTA (Discovery, Education, Learning and Technology Accelerator) Lab, which is looking to develop energy sources on about 26,305 hectares of old coal land in
Taiwan’s exports soared 56 percent year-on-year to an all-time high of US$64.05 billion last month, propelled by surging global demand for artificial intelligence (AI), high-performance computing and cloud service infrastructure, the Ministry of Finance said yesterday. Department of Statistics Director-General Beatrice Tsai (蔡美娜) called the figure an unexpected upside surprise, citing a wave of technology orders from overseas customers alongside the usual year-end shopping season for technology products. Growth is likely to remain strong this month, she said, projecting a 40 percent to 45 percent expansion on an annual basis. The outperformance could prompt the Directorate-General of Budget, Accounting and
Netflix on Friday faced fierce criticism over its blockbuster deal to acquire Warner Bros Discovery. The streaming giant is already viewed as a pariah in some Hollywood circles, largely due to its reluctance to release content in theaters and its disruption of traditional industry practices. As Netflix emerged as the likely winning bidder for Warner Bros — the studio behind Casablanca, the Harry Potter movies and Friends — Hollywood’s elite launched an aggressive campaign against the acquisition. Titanic director James Cameron called the buyout a “disaster,” while a group of prominent producers are lobbying US Congress to oppose the deal,
Two Chinese chipmakers are attracting strong retail investor demand, buoyed by industry peer Moore Threads Technology Co’s (摩爾線程) stellar debut. The retail portion of MetaX Integrated Circuits (Shanghai) Co’s (上海沐曦) upcoming initial public offering (IPO) was 2,986 times oversubscribed on Friday, according to a filing. Meanwhile, Beijing Onmicro Electronics Co (北京昂瑞微), which makes radio frequency chips, was 2,899 times oversubscribed on Friday, its filing showed. The bids coincided with Moore Threads’ trading debut, which surged 425 percent on Friday after raising 8 billion yuan (US$1.13 billion) on bets that the company could emerge as a viable local competitor to Nvidia
RSS