Occupancy rates averaged 64.14 percent for international tourist hotels in Taipei in July, while daily room rates stood at NT$4,445, the Tourism Bureau said on its Web site last week.
The latest occupancy data marked a 4.17 percent retreat from the same month last year, while room dates dropped 2.5 percent, signs of a challenge for the industry as the economy slows and competition sharpens.
STANDARD HOTELS
Standard hotels fared slightly better, with occupancy rates slowing from 72.24 percent to 71.65 percent in July from the same month last year, while daily room rates stood at NT$3,433, almost unchanged from NT$3,440 a year earlier, bureau figures showed.
The retreat is more evident at scenic areas across Taiwan, where international hotels recorded occupancy rates of 62.89 percent, down from 70.56 percent a year earlier, the figures showed.
Standard hotels in scenic areas saw occupancy rates little changed at 48.09 percent, compared with 48.67 percent a year earlier, government figures showed.
SCENIC AREAS
Hoteliers charged higher rates in scenic areas this year.
On average, lodging costs rose from NT$7,035 to NT$7,219 at international tourist hotels and spiked about 60 percent to NT$4,604 at standard hotels, the bureau said.
Cosmos Hotel Taipei (台北天成大飯店) outperformed its peers nationwide with a 97.18 percent occupancy rate, the bureau said.
Grand Mayfull Hotel Taipei (台北美福大飯店) scored the lowest rate of 7.05 percent, worse than Grand View Resort (北投麗禧溫泉酒店) at 36.07 percent and Hotel Royal Beitou (北投老爺酒店) at 25.87 percent, it said.
Summer is a low season for hot-spring facilities.
TRADE WAR: Tariffs should also apply to any goods that pass through the new Beijing-funded port in Chancay, Peru, an adviser to US president-elect Donald Trump said A veteran adviser to US president-elect Donald Trump is proposing that the 60 percent tariffs that Trump vowed to impose on Chinese goods also apply to goods from any country that pass through a new port that Beijing has built in Peru. The duties should apply to goods from China or countries in South America that pass through the new deep-water port Chancay, a town 60km north of Lima, said Mauricio Claver-Carone, an adviser to the Trump transition team who served as senior director for the western hemisphere on the White House National Security Council in his first administration. “Any product going
TECH SECURITY: The deal assures that ‘some of the most sought-after technology on the planet’ returns to the US, US Secretary of Commerce Gina Raimondo said The administration of US President Joe Biden finalized its CHIPS Act incentive awards for Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), marking a major milestone for a program meant to bring semiconductor production back to US soil. TSMC would get US$6.6 billion in grants as part of the contract, the US Department of Commerce said in a statement yesterday. Though the amount was disclosed earlier this year as part of a preliminary agreement, the deal is now legally binding — making it the first major CHIPS Act award to reach this stage. The chipmaker, which is also taking up to US$5 billion
High above the sparkling surface of the Athens coastline, the cranes for building the 50-floor luxury tower centerpiece of Greece’s future “smart city” look out over the Saronic Gulf. At their feet, construction machinery stirs up dust. Its backers say the 8 billion euro (US$8.43 billion) project financed by private funds is a symbol of Greece’s renaissance after the years of financial stagnation that saw investors flee the country. However, critics see it more as a future “ghetto for the rich.” It is hard to imagine that 10km from the Acropolis, a new city “three times the size of Monaco”
STRUGGLING BUSINESS: South Korea’s biggest company and semiconductor manufacturer’s buyback fuels concerns that it could be missing out on the AI boom Samsung Electronics Co plans to buy back about 10 trillion won (US$7.2 billion) of its own stock over the next year, putting in motion one of the larger shareholder return programs in its history. South Korea’s biggest company would repurchase the stock in stages over the coming 12 months, it said in a regulatory filing on Friday. As a first step, it would buy back about 3 trillion won of paper starting today up until February next year, all of which it would cancel. The board would deliberate on how best to effect the remaining 7 trillion won of buybacks. The move
RSS