Formosa Regent Taipei (台北晶華酒店) is to start its second-phase renovation project later this month, as the hotel continues to upgrade its facilities, with an eye to raising its room rate and boosting revenue, operator Formosa International Hotels Corp (FIHC, 晶華國際酒店集團) said.
The hotel in Taipei plans to refurbish three of its restaurants and all 538 rooms this year, the company said.
The renovation of the three restaurants is expected to be completed by early October, and will be followed changes to the rooms, which will be carried out floor by floor, the hotel said in a statement.
“We finished refurbishing the hotel lobby and grand ballroom last year. Plans to upgrade the three restaurants this year will follow the same style,” Regent Taipei general manager Morton Johnston said in the statement.
Renovating the rooms may help the hotel raise its average room rate to at least NT$7,000 (US$233) — from NT$6,241 in March, the hotel said in a report to the Tourism Bureau.
Upgrading the restaurant facilities may also boost the hotel’s revenue from food and beverage, which accounts for more than half of its overall sales.
FIHC, which saw consolidated sales in the first four months of the year rise 2.33 percent from a year earlier to NT$1.93 billion, should benefit from Regent Taipei’s renovation and other plans, the statement added.
The hotel is also seeking to expand its Japanese clientele by strengthening relations with Japanese travel agencies and forming an alliance with a Japanese carrier.
Japanese guests currently accounts for nearly 40 percent of the hotel’s clientele, making it an important segment for the hotel.
On Friday last week, Regent Taipei announced its new in-flight menu for All Nippon Airways (ANA). Business class passengers taking an ANA flight from Taipei to Tokyo can start enjoying these meals this month.
Regent Taipei and ANA collaborated early this year to introduce Taiwanese cuisine on flights, including the hotel’s award-winning beef noodle soup, to promote FIHC’s restaurants to Japanese passengers visiting Taiwan.
In addition, the hotel held its annual friendly golf match in Taoyuan County on Monday last week, with representatives from key online travel agencies in Japan attending.
Various Japanese tourism agency experts, including executive at JTB Global Marketing & Travel Inc, joined the match and the dinner party to share their insights on how to better meet the demand of Japanese customers, the hotel said.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
Prices of gasoline and diesel products at domestic fuel stations are this week to rise NT$0.2 and NT$0.3 per liter respectively, after international crude oil prices increased last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week snapped a two-week losing streak as the geopolitical situation between Russia and Ukraine turned increasingly tense, CPC said in a statement. News that some oil production facilities in Alberta, Canada, were shut down due to wildfires and that US-Iran nuclear talks made no progress also helped push oil prices to a significant weekly gain, Formosa said
RSS