Formosa International Hotels Corp (晶華國際酒店集團) yesterday pressed the government to reinstall a wage subsidy for the hospitality industry, which has seen business slump by 50 percent amid spreading COVID-19 infections.
The industry could fare even worse as more Taiwanese vacation abroad following shortened quarantine periods, which would nevertheless continue to keep foreign tourists away, Formosa International Hotels chairman Steven Pan (潘思亮) told a shareholders’ meeting.
“The industry is in need of quick relief, instead of stimulus measures slated for next month,” Pan said, questioning the wisdom of the government’s plan to spend NT$5.5 billion (US$185.14 million) shoring up domestic travel, starting on
People on the move: Deutsche Hospitality, Sage Hospitality, Caption by Hyatt – HOTELSMag com
hotelsmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hotelsmag.com Daily Mail and Mail on Sunday newspapers.
A domestic COVID-19 outbreak is wreaking havoc on the hospitality industry this quarter, and hotels are pressing for a quick bailout rather than the midterm stimulus measures the government has proposed for September.
FDC International Hotels Corp (FDC, 雲品國際) chairman Emile Sheng (盛治仁) told shareholders last week that the group might post a 30 percent slump in revenue this quarter as people cancel room reservations and shun dinning out.
“About 50 percent of consumers are willing to live with the virus, but few sectors can emerge unscathed from business losses of up to 50 percent,” Sheng said, adding that FDC would post
Escalating COVID-19 cases are wreaking havoc on the hospitality industry, with occupancy rates in Taipei last week dropping below 20 percent, prompting hotels to roll out cutthroat promotions.
Although health authorities have refrained from raising virus alert levels during this outbreak, people are voluntarily avoiding going out after daily cases reached more than 60,000 last week with no sign of stabilizing.
Popular buffet restaurants Eat Together (饗食天堂), Hilai Restaurant (漢來海港餐廳), Brasserie (柏麗廳) at Regent Taipei (台北晶華酒店) and Recipe (探索廚房) at Le Meridien all suspended afternoon meals this month to reduce their losses.
Guestroom staffers have been processing cancelation requests nonstop and might have
FDC International Hotels Corp (雲品國際) last month saw its business recover significantly from a year earlier, thanks to pent-up demand that more than offset the weak seasonality.
The company last week reported NT$173.25 million (US$5.96 million) in revenue for last month, rising 20.83 percent from a year earlier owing to improving banquet and catering demand that were previously postponed by local COVID-19 outbreaks.
FDC runs independent banquet facilities across the nation by collaborating with businesses situated in buildings with historic charm in scenic locations, making them popular weekend attractions.
While continuing border controls weigh on Palais de Chine Hotel (君品酒店) near the Taipei
vimarsana © 2020. All Rights Reserved.