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
Humble Boutique Hotel (寒居酒店) is targeting young domestic tourists before Taiwan lifts border controls, My Humble House Hospitality Management Consulting Co (寒舍餐旅) chairman Wilhelm Tsai (蔡伯翰) said last week.
Taiwan is likely to soon allow foreign travelers to visit again, and the lastest COVID-19 outbreak is only a slight delay to having business partners from Europe and elsewhere in Asia meet in person in Taiwan, Tsai said.
“Although international travel has been on hold for the past two years, we are pressing ahead with expansion by opening Humble Boutique, the fourth property in Taipei,” Tsai said during a grand opening ceremony on