China Airlines Ltd (CAL, 中華航空), the nation’s largest air carrier, is scheduled to open a four-star hotel near Taiwan Taoyuan International Airport in November after almost two years of construction.
A company official, however, said yesterday that the Novotel Taipei Taoyuan International Airport Hotel was intended to provide transit accommodation for business travelers and flight crew rather than passengers.
“We do not count on the hotel to boost CAL profits,” Roger Han (韓梁中), head of CAL finance division, said by telephone. “Rather, it can help meet the needs of transit passengers, business travelers and crew members.”
Han said the nine-story, 360-room hotel would hire about 200 staff and help promote CAL’s service and internal training needs.
CAL and foreign airlines will be able to house their pilots and crew at the hotel, which is a five minutes’ drive from the airport, he said.
The Novotel Taoyuan International Airport Taipei is part of a 50-year build-operate-transfer (BOT) project CAL signed with the Civil Aeronautics Administration three years ago. In March 2007, the carrier signed a contract with France-based hotel management service provider Accor to manage the Novotel on its behalf.
Accor operates more than 4,000 hotels in 90 countries under various chain names. There are currently more than 400 Novotel hotels and resorts in the world.
Han declined to elaborate on the expected accommodation prospects for the hotel. He said that despite what was said in an announcement in 2007, CAL had no plan to build another Novotel hotel.
Aside from the hotel building, the three-building complex — located about 1.5km from the airport — will also house CAL’s corporate headquarters as well as a crew training and dispatch center.
The construction costs for the entire project are estimated at NT$4.5 billion (US$137 million), with the hotel accounting for NT$1.5 billion, Han said.
CAL plans to move its headquarters to the complex in February and lease out the six floors it occupies at the headquarters on Nanjing E Road, Han said, adding that the company expects to collect NT$7 million, or NT$2,000 per ping (3.2m²), in rental income a month.
The popular Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) arbitrage trade might soon see a change in dynamics that could affect the trading of the US listing versus the local one. And for anyone who wants to monetize the elevated premium, Goldman Sachs Group Inc highlights potential trades. A note from the bank’s sales desk published on Friday said that demand for TSMC’s Taipei-traded stock could rise as Taiwan’s regulator is considering an amendment to local exchange-traded funds’ (ETFs) ownership. The changes, which could come in the first half of this year, could push up the current 30 percent single-stock weight limit
EARLY TALKS: Measures under consideration include convincing allies to match US curbs, further restricting exports of AI chips or GPUs, and blocking Chinese investments US President Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under former US president Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China, people familiar with the matter said. The aim, which was also a priority for Biden, is to see key allies match China curbs the US
Teleperformance SE, the largest call-center operator in the world, is rolling out an artificial intelligence (AI) system that softens English-speaking Indian workers’ accents in real time in a move the company claims would make them more understandable. The technology, called accent translation, coupled with background noise cancelation, is being deployed in call centers in India, where workers provide customer support to some of Teleperformance’s international clients. The company provides outsourced customer support and content moderation to global companies including Apple Inc, ByteDance Ltd’s (字節跳動) TikTok and Samsung Electronics Co Ltd. “When you have an Indian agent on the line, sometimes it’s hard
‘SACRED MOUNTAIN’: The chipmaker can form joint ventures abroad, except in China, but like other firms, it needs government approval for large investments Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) needs government permission for any overseas joint ventures (JVs), but there are no restrictions on making the most advanced chips overseas other than for China, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. US media have said that TSMC, the world’s largest contract chipmaker and a major supplier to companies such as Apple Inc and Nvidia Corp, has been in talks for a stake in Intel Corp. Neither company has confirmed the talks, but US President Donald Trump has accused Taiwan of taking away the US’ semiconductor business and said he wants the industry back