Radio Taiwan International
Date: 2018-02-16

The landmark Grand Hotel saw a 15-year high last year in its revenues. That’s despite

Grand Hotel Chairman Chang Hsueh-shan says he aims to make the Grand Hotel a cultural landmark. (CNA photo)

an ongoing recession in Taiwan’s hospitality sector.

The hotel saw nearly NT$1.3 billion (nearly US$44million) in revenue last year. That’s despite a major fall in Chinese tour groups visiting Taiwan. Grand Hotel Chairman Chang Hsueh-shan said there was an increase in the number of independent Chinese and Japanese tourists which led to higher revenues.

In 2017, 35% of the hotel guests were Chinese, down from 38% the year before. But Japanese visitors increased from 28% to 32%. Chang said independent Chinese travelers are willing to pay a higher price for accommodation. The independent Japanese and Chinese visitors were a key factor in the increase in revenues.
[SOURCE]