Food and beverage sales at Illume Taipei (茹曦酒店) have been growing rapidly after FDC International Hotels Corp (雲品國際) in November last year took over operations of its buffet restaurant and banquet facilities.
The hotel in Taipei’s Songshan District (松山) said it expects a full recovery to pre-COVID-19 pandemic levels next year, when disease prevention measures are fully rolled back.
The hotel last year announced the collaboration with FDC after months-long renovation efforts and reducing the number of rooms from 730 to 312, saying the measures are part of efforts to boost space efficiency and save costs.
Photo: George Tsorng, Taipei Times
Food and beverage revenue grew threefold in the past five months, while occupancy rates returned to 60 percent, Illume Taipei marketing and communications director Tyler Wang (王品勳) said yesterday.
Room occupancy rates are 50 to 60 percent on average, up from 10 to 20 percent before the FDC deal, while average daily room rates increased from NT$2,000 to NT$4,500 (US$66 to US$147), he said.
Wang said the hotel has hosted guests from Japan, South Korea and Southeast Asia, but domestic travelers continue to account for about 70 percent, as global business travel is expected to resume slowly.
Meanwhile, FDC expects stable business growth this quarter after a rapid recovery from a COVID-19 slump in the second half of last year.
After strong showings during the Lunar New Year holiday, food and beverage sales continued to receive support from spring gatherings, the company said.
Revenue in the first two months of this year increased 28.17 percent year-on-year to NT$475.84 million, while the room occupancy rate rose above 80 percent at Palais de Chine Hotel (君品酒店) near Taipei Railway Station over the 228 Memorial Day holiday, the company said.
Its flagship Fleur de Chine Hotel (雲品溫泉酒店) near Sun Moon Lake (日月潭) in Nantou County is undergoing renovation, but is expected to lend support to FDC’s growth momentum after it reopens, it said.
FDC is seeking to benefit from an expected boom in domestic tourism spurred by the government’s distribution of NT$6,000 tax rebates to Taiwanese and some foreign residents.
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
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,
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) yesterday expressed a downbeat view about the prospects of humanoid robots, given high manufacturing costs and a lack of target customers. Despite rising demand and high expectations for humanoid robots, high research-and-development costs and uncertain profitability remain major concerns, Lam told reporters following the company’s annual shareholders’ meeting in Taoyuan. “Since it seems a bit unworthy to use such high-cost robots to do household chores, I believe robots designed for specific purposes would be more valuable and present a better business opportunity,” Lam said Instead of investing in humanoid robots, Quanta has opted to invest
EXPANSION: While Gigabyte Technology is optimistic about market demand this year, uncertainty remains due to the impact of potential US tariffs and currency fluctuations Motherboard and graphics card maker Gigabyte Technology Co (技嘉) yesterday said that it plans to launch an artificial intelligence (AI) server assembly line in the US in the second half of this year. The company’s core motherboard and graphics card businesses in the US remain stable, but sales of its higher-priced AI servers still hinge on the development of tariff policies, Gigabyte chairman Dandy Yeh (葉培城) told reporters following the company’s annual shareholders’ meeting in Taipei. Yeh was referring to the “reciprocal” tariffs announced by US President Donald Trump on April 2, which were later postponed for 90 days. While Gigabyte