In anticipation of an economic rebound, prices of outbound group tours are likely to rise by as much as 40 percent during the winter vacation late next month and the Lunar New Year holidays in mid-February, the Quality Assurance Association (旅行業品質保障協會) said yesterday.
Canada-bound group tours are expected to show the biggest year-on-year increases of between NT$20,000 and NT$40,000, resulting in a price tag of between NT$44,900 and NT$105,900 for a 10-day stay in Vancouver. The city is expected to be crowded with visitors to the Winter Olympic Games in mid-February and the Paralympics in mid-March, the association’s travel dispute committee chairman, Jones Chen (陳屬庄), told a media briefing.
During the upcoming vacation season until March, Chen said travelers could see price hikes of between 10 percent and 15 percent from the previous year. Group tours to Southeast Asian locations such as Thailand, Bali and Singapore are expected to rise by between NT$1,000 and NT$3,000 to between NT$10,500 and NT$52,800 for a four to six-day stay, according to the association’s calculations.
The price of a trip to Japan is expected remain more or less unchanged. The association predicts the price of a five-day stay in Tokyo, Osaka, Fukuoka or cities on Honshu would rise by up to NT$1,000 to between NT$33,800 and NT$49,800.
Because the yen had appreciated by 20 percent in the past year, the actual cost of trips to Japan jumped by between NT$3,000 and NT$4,000, although travel operators have absorbed most of the difference to encourage sales as business volume dwindles, the association said.
Trips to South Korea during the Lunar New Year are expected to rise by between NT$1,000 and NT$2,000 if at all, the association said.
Trips to Europe, the Middle East and South Africa are expected to increase by between NT$2,000 and NT$5,000 per trip compared with one year earlier, while trips to Australia and New Zealand will likely jump by NT$5,000 and NT$3,000 respectively.
Tours to China and the US will see no year-on-year hike next quarter, although fares are expected to go up by NT$9,000 and NT$20,000 respectively on a quarter-on-quarter basis, the association said.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
ABOVE LEGAL REQUIREMENT: The Ministry of Economic Affairs is prepared if LNG supply is disrupted, with more than the legal requirement of 11 days of inventory Taiwan has largely secured liquefied natural gas (LNG) supplies through May and arranged about half of June’s supply, Minister of Economic Affairs Kung Ming-hsin (龔明鑫) said yesterday. Since the Middle East conflict began on Feb. 28, Taiwan’s LNG inventories have remained more than 12 days, exceeding the legal requirement of 11 days, indicating no major supply concerns for domestic gas and electricity, Kung said at a meeting of the legislature’s Economics Committee in Taipei. The ministry aims to increase the figure to 14 days by the end of next year, he said. While one or two LNG or crude oil shipments for May
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s