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Taiwan's Travel Industry Grapples With Uncertainty - Taiwan Business TOPICS


Taiwan Business TOPICS
With no end to the pandemic yet in sight, it may take years for the travel industry to fully recover. In the short term, the leisure market has the best prospects.
As Taiwan faces a difficult coronavirus outbreak, imagining the future of travel in the country is a challenge. After all, besides containing the outbreak, the government is also focused on helping travel businesses survive this difficult period.
Looking ahead is crucial to the industry’s future prospects, though. The pause in international arrivals gives Taiwan a chance to rethink its tourism strategy, which has focused in recent years on maximizing the number of visitors. In 2019, a record 11.84 million people visited Taiwan, up 7% year-on-year. The vast majority were leisure travelers, who spend less than those who travel for business purposes. ....

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FIH net income for last quarter surges by 87.27 percent

Formosa International Hotels Corp (FIH, 晶華國際酒店集團) yesterday posted NT$295 million (US$10.53 million) in net income for last quarter, up 87.27 percent from a year earlier as properties across Taiwan largely rebounded from the COVID-19 pandemic.
The figures are the best showing in five quarters and translated into earnings per share of NT$2.11, FIH said after a board meeting.
The virus outbreak was well under control last quarter, allowing business to pick up at the Regent Taipei (台北晶華酒店), Silks Place Tainan (台南晶英酒店), Silks Place Taroko (太魯閣晶英酒店) in Hualien County and Wellspring by Silks (晶泉丰旅) in Yilan County’s Jiaosi Township (礁溪), it said.
FIH-owned Domino’s ....

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