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.
WEAKER ACTIVITY: The sharpest deterioration was seen in the electronics and optical components sector, with the production index falling 13.2 points to 44.5 Taiwan’s manufacturing sector last month contracted for a second consecutive month, with the purchasing managers’ index (PMI) slipping to 48, reflecting ongoing caution over trade uncertainties, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The decline reflects growing caution among companies amid uncertainty surrounding US tariffs, semiconductor duties and automotive import levies, and it is also likely linked to fading front-loading activity, CIER president Lien Hsien-ming (連賢明) said. “Some clients have started shifting orders to Southeast Asian countries where tariff regimes are already clear,” Lien told a news conference. Firms across the supply chain are also lowering stock levels to mitigate
Six Taiwanese companies, including contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), made the 2025 Fortune Global 500 list of the world’s largest firms by revenue. In a report published by New York-based Fortune magazine on Tuesday, Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), ranked highest among Taiwanese firms, placing 28th with revenue of US$213.69 billion. Up 60 spots from last year, TSMC rose to No. 126 with US$90.16 billion in revenue, followed by Quanta Computer Inc (廣達) at 348th, Pegatron Corp (和碩) at 461st, CPC Corp, Taiwan (台灣中油) at 494th and Wistron Corp (緯創) at
NEGOTIATIONS: Semiconductors play an outsized role in Taiwan’s industrial and economic development and are a major driver of the Taiwan-US trade imbalance With US President Donald Trump threatening to impose tariffs on semiconductors, Taiwan is expected to face a significant challenge, as information and communications technology (ICT) products account for more than 70 percent of its exports to the US, Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) president Lien Hsien-ming (連賢明) said on Friday. Compared with other countries, semiconductors play a disproportionately large role in Taiwan’s industrial and economic development, Lien said. As the sixth-largest contributor to the US trade deficit, Taiwan recorded a US$73.9 billion trade surplus with the US last year — up from US$47.8 billion in 2023 — driven by strong
ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip assembly and testing service provider, yesterday said it would boost equipment capital expenditure by up to 16 percent for this year to cope with strong customer demand for artificial intelligence (AI) applications. Aside from AI, a growing demand for semiconductors used in the automotive and industrial sectors is to drive ASE’s capacity next year, the Kaohsiung-based company said. “We do see the disparity between AI and other general sectors, and that pretty much aligns the scenario in the first half of this year,” ASE chief operating officer Tien Wu (吳田玉) told an
RSS