Major local hotels reported robust sales of dining and accommodation vouchers during the Taipei International Travel Fair (ITF) as steep discounts successfully motivated cost-conscious Taiwanese buyers.
FIH Regent Group (FIH, 晶華國際酒店集團), the largest hotel chain by market value, sold NT$80 million (US$2.65 million) dining vouchers in the first three days of the annual trade show, driven mainly by vouchers for its buffet restaurants.
The number of visitors to the ITF grew 10.79 percent this year as more people sought to take advantage of the four-day event to shop for bargain dining vouchers and tour packages, organizer the Taiwan Visitors Association said.
My Humble House Hospitality Management Consulting Co (寒舍餐旅), which owns the five-star Sheraton Grand Taipei Hotel (台北喜來登大飯店), Le Meridien Taipei (台北寒舍艾美酒店) and other properties, came in second, selling NT$59 million dining vouchers, the company said.
The company sold more than 24,000 and 20,000 vouchers for buffet restaurants offering Western and Chinese cuisine at the Sheraton Grand and Le Meridian respectively as of Sunday, it said.
Leofoo Group (六福), a local operator of hotels, restaurants and theme parks, sold NT$25 million of dining and accommodation vouchers, thanks to discounts of up to 45 percent, the company said.
Customers had done their homework and knew quite well what propositions met their needs, the company said.
The group’s hotel in Hsinchu proved the most popular, generating 25 percent of voucher sales, it said.
L’Hotel de Chine Group (LDC, 雲朗觀光), owner of the Palais de Chine (君品酒店), Maison de Chine (兆品酒店), Chateau de Chine (翰品酒店) and Chinatrust Hotels (中信旅館), said sales of dining vouchers increased 30 percent this year from last year.
Affiliated banquet facilities and buffet restaurants all attracted large crowds, the company said.
The show’s organizer said it was wise to buy vouchers now and use them next year, when travel and accommodation costs are expected to rise by 3.5 percent and 3.7 percent respectively.
Hotel and restaurant operator Landis Group (亞都麗緻集團) also fared well during the fair as its popular Chinese and French eateries drew customers.
KEEPING UP: The acquisition of a cleanroom in Taiwan would enable Micron to increase production in a market where demand continues to outpace supply, a Micron official said Micron Technology Inc has signed a letter of intent to buy a fabrication site in Taiwan from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion to expand its production of memory chips. Micron would take control of the P5 site in Miaoli County’s Tongluo Township (銅鑼) and plans to ramp up DRAM production in phases after the transaction closes in the second quarter, the company said in a statement on Saturday. The acquisition includes an existing 12 inch fab cleanroom of 27,871m2 and would further position Micron to address growing global demand for memory solutions, the company said. Micron expects the transaction to
Vincent Wei led fellow Singaporean farmers around an empty Malaysian plot, laying out plans for a greenhouse and rows of leafy vegetables. What he pitched was not just space for crops, but a lifeline for growers struggling to make ends meet in a city-state with high prices and little vacant land. The future agriculture hub is part of a joint special economic zone launched last year by the two neighbors, expected to cost US$123 million and produce 10,000 tonnes of fresh produce annually. It is attracting Singaporean farmers with promises of cheaper land, labor and energy just over the border.
US actor Matthew McConaughey has filed recordings of his image and voice with US patent authorities to protect them from unauthorized usage by artificial intelligence (AI) platforms, a representative said earlier this week. Several video clips and audio recordings were registered by the commercial arm of the Just Keep Livin’ Foundation, a non-profit created by the Oscar-winning actor and his wife, Camila, according to the US Patent and Trademark Office database. Many artists are increasingly concerned about the uncontrolled use of their image via generative AI since the rollout of ChatGPT and other AI-powered tools. Several US states have adopted
A proposed billionaires’ tax in California has ignited a political uproar in Silicon Valley, with tech titans threatening to leave the state while California Governor Gavin Newsom of the Democratic Party maneuvers to defeat a levy that he fears would lead to an exodus of wealth. A technology mecca, California has more billionaires than any other US state — a few hundred, by some estimates. About half its personal income tax revenue, a financial backbone in the nearly US$350 billion budget, comes from the top 1 percent of earners. A large healthcare union is attempting to place a proposal before