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Expanding Demand Sees New Arrivals in Taiwan's Hospitality Sector

Business hotels and five-star facilities prove biggest growth areas as territory's visitor numbers continue to rise.

Photo: Taipei: More than 1,000 new hotel rooms expected to open this year. (Shutterstock.com)
Taipei: More than 1,000 new hotel rooms expected to open this year.
Photo: Taipei: More than 1,000 new hotel rooms expected to open this year. (Shutterstock.com)
Taipei: More than 1,000 new hotel rooms expected to open this year.

A rising number of tourists and business travellers has triggered massive growth in Taiwan's hotel and hospitality sector. In Taipei alone, more than 1,000 new hotel rooms are expected to come online in the second half of the year.

In total, Taiwan welcomes nearly 10 million visitors a year, ensuring steady business for the territory's hospitality sector. Of late, in addition to continued growth in the number of dedicated business hotels, there has also been a significant rise in the launch of new five-star establishments.

Taipei is set to have more than 1,000 new hotel rooms by the end of the year, a development partly due a commitment by the Sherwood Taipei, Westin Taipei, Cathay Hotel and the Marriott International Group of Hotels to invest in new sites. The Amba Hotel (part of the Ambassador Hotel Group), The Just Sleep Hotel (a subsidiary of the Regent Taipei Hotel) and The Hotel Cozzi (part of Cathay Hospitality Management) are also looking at offering new sites in the city.

Among the city's newer offerings is the Taipei Marriott Hotel. Situated in the Dazhi district, close to the Neihu Technology Park, the hotel has a particular focus on the tourism and business traveller market. The site completed its soft opening in late August and is highlighting its 60% of green space as offering a unique oasis within the city.

In terms of forthcoming openings, the Leofoo Tourism Group hopes to have The Courtyard by Marriott Taipei operational by the end of December. The hotel is set along the golden mile of Taipei's Nangang tri-line rail hub.

A new entrant to the hospitality sector is the Mayfull Foods Corporation of Taiwan, a company better known as an importer of high-end meat products. Following six years of development, it has now launched the Grand Mayfull Taipei in Dazhi.

The high number of hospitality developments, as well as the arrival of a substantial number of new local and international hotel brands, reflects the massive potential of Taiwan's tourism sector. Given that ever more tourists and business travellers are targetting the territory, it seems likely that demand will only continue to grow for such facilities.

Tammy Hsieh, Taiwan Office

Content provided by Picture: HKTDC Research
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