Reported 9 months ago
According to the Tourism Bureau of the Ministry of Transportation and Communication, the average room rate in tourist hotels in Taiwan for the first quarter of this year has slightly decreased to NT$4,683 per night from NT$4,775 compared to the same period last year. The occupancy rate increased to 59.62%, leading to a slight drop in room rates due to market mechanisms. The highest average room rate was in Nantou County at NT$13,359 per night. Despite the high room rates, international tourist hotels in Nantou County had an occupancy rate of 71.5%, second only to Keelung City. Total revenue for tourist hotels in the first quarter of this year slightly grew to NT$16.64815 billion from NT$14.75483 billion last year. The secretary-general of the Hotel Association of the Republic of China, Chu Chien-hui, mentioned that with the return of tourists and increased occupancy rates, hotel revenues have reached the expected levels, resulting in slight reductions in room rates. However, due to rising costs of raw materials and utilities, the price reduction will not be significant.
Source: YAHOO