Hotels in the capital see occupancy rate plummet to 20% due to coronavirus travel ban

Taiwan News
Date: 2020/06/18
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — Hotels in Taipei are on the brink of the precipice as they primarily rely on visitors from overseas now unable to enter the country due to the Wuhan coronavirus (COVID-19) pandemic, a prominent hotel owner said Thursday (June 18).

Speaking at a shareholders’ meeting Thursday, Formosa International Hotels Corp. Chairman Steven Pan (潘思亮) said that even though the group’s hotels outside Taipei were likely to do well during the summer holidays, the occupancy rate in Taipei has shown a precipitous decline to 20 percent in June.    [FULL  STORY]