SAFE BET:The banquet business is less vulnerable to economic cycles and changes in the number of foreign travelers than other restaurants, FDC president David Ding said
Date: May 02, 2017
By: Crystal Hsu / Staff reporter
Hotel and restaurant operator FDC International Hotels Corp (FDC, 雲品國際) yesterday announced it has acquired Splendor Banquet Restaurant (京采飯店), near New Taipei City’s Dapinglin MRT Station.
FDC said it hopes the acquisition will boost its revenue this year by 20 percent.
FDC’s revenue is also to benefit from the inclusion of the food and beverage business at Chateau de Chine’s (翰品酒店) Taoyuan outlet, as the hotelier seeks to increase its share of the banquet business.
The company posted revenue of NT$374 million (US$12.38 million) in the first quarter, representing a 4.6 percent year-on-year increase. [FULL STORY]