InterContinental Hotels Group PLC (IHG) is aiming to open more properties in Taiwan as part of a plan to augment its presence in Asia, attracted by the region’s fast-growing economies and wealth.
The British hospitality company, which operates 5,603 hotels under 15 brands around the world, is to open Hotel Indigo Taipei in Dazhi (大直) area later this year and has inked a pact to bring the InterContinental Hotels & Resorts brand to Taichung next year or in 2021.
“While the US remains our largest market, the Greater China area has seen the fastest growth by number of outlets in recent years,” IHG senior marketing director Ada Gao (高原) told a media gathering in Tainan on Friday last week.
The trend falls in line with the group’s aim to take advantage of the region’s rising wealth and demand for international hotel brands, Gao said.
The strategy led last year to the purchase of a majority stake in Regent Hotels & Resorts from Taipei-based Formosa International Hotels Corp (晶華麗晶酒店集團) whereby IHG would run all Regent properties except the Regent Taipei.
IHG also manages the Kimpton Daan Hotel, Hotel Indigo Hsinchu, Hotel Indigo Kaohsiung, Crown Plaza Tainan, Holiday Inn Express Taoyuan and Holiday Inn Express Taichung, Gao said.
The portfolio allows the group to cater to both leisure and business travelers of different budgets and with different preferences, she said.
Hotel Indigo Taipei, which is to be on the fourth to 10th floors of a mixed-use building that is also to feature stores and a food court on the lower floors, could begin operations in the fourth quarter of this year following five years of construction and preparation work, she added.
Meanwhile, Hotel Indigo Hsinchu general manager Kenneth Ting (丁永興) said his hotel has since its opening in September last year been wooing technology-savvy travelers with its 140 spacious guest rooms and the exotic menus at its restaurant, lounge and cafe.
The hotel near the Hsinchu Science Park (新竹科學園區) is to invite award-winning chef Nikolas Ramirez to cook at its Char Bar & Bistro next month to help claim the mantle of the best restaurant in Hsinchu, Ting said.
Additionally, IHG has signed an agreement with Taipei-based developer CMP Group (勤美集團) to launch its first InterContinental Hotels & Resorts property in Taichung next year or in 2021, Gao said.
“The stable increase in the number of tourists lends support to the group’s expansion in Taiwan,” she said.
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to nations including the Netherlands and the Czech Republic. During March to last month, Foxconn, known as Hon Hai Precision Industry
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development. The lab is TSMC’s first laboratory collaboration with a university outside Taiwan, the company said in a statement. The lab would leverage “the extensive knowledge, experience, and creativity” of both institutions, the company said. It is located in the Asano Section of UTokyo’s Hongo, Tokyo, campus and would be managed by UTokyo faculty, guided by directors from UTokyo and TSMC, the company said. TSMC began working with UTokyo in 2019, resulting in 21 research projects,
Taiwan’s property market is entering a freeze, with mortgage activity across the nation’s six largest cities plummeting in the first quarter, H&B Realty Co (住商不動產) said yesterday, citing mounting pressure on housing demand amid tighter lending rules and regulatory curbs. Mortgage applications in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung totaled 28,078 from January to March, a sharp 36.3 percent decline from 44,082 in the same period last year, the nation’s largest real-estate brokerage by franchise said, citing data from the Joint Credit Information Center (JCIC, 聯徵中心). “The simultaneous decline across all six cities reflects just how drastically the market
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news. “We’re so thankful to this incredible fitness influencer called Ashton Hall,” Saratoga owner Primo Brands Corp’s CEO Robbert Rietbroek said on an earnings call after Hall’s morning routine video went viral. “He really helped put our brand on the map.” Primo Brands, which was not affiliated with Hall when he made his video, is among the increasing number of companies benefiting from influencer