FDC International Hotels Corp (雲品國際) yesterday said that it is to cooperate with Illume Taipei (茹曦酒店) in operating its restaurants and banqueting facilities in a joint bid to tap business opportunities in the wake of the nation’s border reopening.
FDC inked a management contract with multilevel marketing company Sunrider International (仙妮蕾德), which owns Illume Taipei near the Taipei Arena MRT Station in Songshan District (松山).
FDC president David Ding (丁原偉) said the collaboration turns a new page for both companies as they seek to boost their business.
Under the agreement, FDC would be responsible for running Illume Taipei’s buffet restaurant and Chinese restaurant, as well as its banqueting and conference facilities.
FDC would draw up management goals including revenue targets, operating expenses and personnel training programs to enhance Illume Taipei’s financial performance, Ding said.
The property, formerly the Sunworld Dynasty Hotel Taipei (王朝大酒店), has been relaunched and cut its number of rooms from 730 to 408 by subleasing floor space to retailers, eateries, fitness facilities and other tenants to pursue better cost-efficiency.
FDC, which owns Palais de Chine Hotel (君品酒店) near Taipei Railway Station, whose Cantonese restaurant Le Palais (頤宮) has won the highest Michelin recognition for years, would share its know-how and experiences to support Illume Taipei, Ding said.
The New Taipei City-based hospitality group posted NT$175 million (US$5.49 million) of revenue for last month, a 69 percent year-on-year increase, company data showed.
In the first nine months of the year, revenue totaled NT$1.39 billion, a 46 percent improvement from the same period last year, the data showed.
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SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
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