US hotel operator Hilton Worldwide Holdings is next month to launch its third property in the nation, Hotel Resonance Taipei (台北時代寓所), despite the COVID-19 pandemic that has diminished international travel.
Hotel Resonance Taipei is a joint venture between Tapestry Collection by Hilton and Tainan-based Prince Housing and Development Corp (太子建設) to cater to technology-savvy business and leisure travelers.
Located on Taipei’s Linsen S Road near the MRT Shandao Temple Station, the hotel — which features 175 guestrooms, a Starbucks cafe, a wellness spa and other amenities — is available for reservations from NT$3,360 (US$116.62) per night ahead of its opening.
Photo: CNA
The property sits on a 1,091 ping (3,607m2) lot, the superficies rights of which Fubon Life Insurance Co (富邦人壽) won for NT$2.61 billion in April 2013 and later leased it to Prince Housing and Development.
Hotel Resonance Taipei is Prince Housing and Development’s second lodging facility after W Hotel in Taipei’s prime Xinyi District (信義).
It is the first hotel under the Tapestry brand in the Asia-Pacific region, reflecting confidence on the part of the US hotelier about the region’s tourism market.
Hotel executives declined to speculate on occupancy and room rates for the first year after the opening, but said they hoped that independent tourists would account for 90 percent of its customers after the world emerges from the COVID-19 pandemic.
The convenient location, just one stop from the Taipei Main Station, Michelin-star restaurants and popular tourist attractions, would lend support to its business, hotel executives said.
Leading Taiwanese bicycle brands Giant Manufacturing Co (巨大機械) and Merida Industry Co (美利達工業) on Sunday said that they have adopted measures to mitigate the impact of the tariff policies of US President Donald Trump’s administration. The US announced at the beginning of this month that it would impose a 20 percent tariff on imported goods made in Taiwan, effective on Thursday last week. The tariff would be added to other pre-existing most-favored-nation duties and industry-specific trade remedy levy, which would bring the overall tariff on Taiwan-made bicycles to between 25.5 percent and 31 percent. However, Giant did not seem too perturbed by the
Foxconn Technology Co (鴻準精密), a metal casing supplier owned by Hon Hai Precision Industry Co (鴻海精密), yesterday announced plans to invest US$1 billion in the US over the next decade as part of its business transformation strategy. The Apple Inc supplier said in a statement that its board approved the investment on Thursday, as part of a transformation strategy focused on precision mold development, smart manufacturing, robotics and advanced automation. The strategy would have a strong emphasis on artificial intelligence (AI), the company added. The company said it aims to build a flexible, intelligent production ecosystem to boost competitiveness and sustainability. Foxconn
TARIFF CONCERNS: Semiconductor suppliers are tempering expectations for the traditionally strong third quarter, citing US tariff uncertainty and a stronger NT dollar Several Taiwanese semiconductor suppliers are taking a cautious view of the third quarter — typically a peak season for the industry — citing uncertainty over US tariffs and the stronger New Taiwan dollar. Smartphone chip designer MediaTek Inc (聯發科技) said that customers accelerated orders in the first half of the year to avoid potential tariffs threatened by US President Donald Trump’s administration. As a result, it anticipates weaker-than-usual peak-season demand in the third quarter. The US tariff plan, announced on April 2, initially proposed a 32 percent duty on Taiwanese goods. Its implementation was postponed by 90 days to July 9, then
AI SERVER DEMAND: ‘Overall industry demand continues to outpace supply and we are expanding capacity to meet it,’ the company’s chief executive officer said Hon Hai Precision Industry Co (鴻海精密) yesterday reported that net profit last quarter rose 27 percent from the same quarter last year on the back of demand for cloud services and high-performance computing products. Net profit surged to NT$44.36 billion (US$1.48 billion) from NT$35.04 billion a year earlier. On a quarterly basis, net profit grew 5 percent from NT$42.1 billion. Earnings per share expanded to NT$3.19 from NT$2.53 a year earlier and NT$3.03 in the first quarter. However, a sharp appreciation of the New Taiwan dollar since early May has weighed on the company’s performance, Hon Hai chief financial officer David Huang (黃德才)
RSS