DOCSLIB.ORG

Asian Cities Report Taiwan Hospitality 2H 2017

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Asian Cities Report Taiwan Hospitality 2H 2017 Asian Cities Report | Taiwan Hospitality Savills World Research2H 2017 Taiwan Asian Cities Report Taiwan Hospitality 2H 2017 savills.com.hk/research savills.com.hk/research 01 Asian Cities Report | Taiwan Hospitality 2H 2017 GRAPH 1 Tourism in Taiwan Kong, Macau and South Korea, Number of inbound arrivals, 2008–1H/2017 The number of foreign visitors to coupled with over 85% of tourists Taiwan marginally increased, by from these countries preferring to 2.4% year-on-year (YoY) to 10.69 travel independently. In addition, while China Japan Southeast Asia Hong Kong & Macau Others Total % YoY (RHS) million in 2016, with Chinese visitors the rising political tension across 12,000 30% accounting for 33% (3.51 million), the Taiwan Strait has caused group 25% Japan for 18% (1.9 million) and Hong tourism from China to drop by 23%, 10,000 Kong and Macau for 15% (1.6 million). FIT from China only declined by 2%. 20% The tourism industry had previously 8,000 15% been in decline for two consecutive Inbound tourist % YoY years, due to rising political tensions consumption 6,000 10% between China and Taiwan. However, The contribution of tourism to GDP 5% was US$13.37 billion (4.84% of total 4,000 in 1H/2017, conditions again proved to be difficult, with the number of GDP) in 2016, down by 7% compared No. of inbound arrivals ('000) 0% with 2015. This is due to the decline 2,000 overseas tourists falling by 5.66% -5% YoY. The drop is mainly attributable to of the average daily expenditure for 0 -10% the reduction in visitors from China, inbound travellers, decreasing by 2008 2009 2010 2011 2012 2013 2014 2015 2016 1H/2017 which decreased by 40% (0.85 million), US$15 to US$193 per day, largely shrinking their share of total inbound due to a decline in retail spending by Source: Taiwan Tourism Bureau, Savills Research & Consultancy travellers from 40% to 25%. these visitors. In terms of expenditure categories, accommodation The increase in foreign visitors from accounted for 36.8% of daily expenditure, followed by shopping GRAPH 2 other Asian countries somewhat eased the impact of the decline in tourists (30.2%) and food and beverage Inbound tourist consumption by country from China. From 2010 to 2016, the (16.6%). Japanese and Singaporean and expenditure type, 2016 average annual increase in the number visitors (who are willing to spend more of overseas tourists (except Mainland on accommodation) spent more than Accomodation Shopping Other spending arrivals) was 11%. In the first half other travellers, with daily expenditure US (USD149) of 2017, growth reached 16% and of US$241 and US$229, respectively. the number of arrivals from several South Korea (USD188) Asian countries achieved double- The decrease in the number of Singapore (USD229) digit growth, such as Vietnam (113% mainland visitors resulted in a YoY), Thailand (82% YoY), Philippines reduction in the shopping sector. Hong Kong & Macau (USD183) (77% YoY) and South Korea (30% Mainland travellers prefer tour groups and usually stay in two- or three-star China (USD198) YoY). While the government continues to promote the “New Go South” hotels due to limited accommodation Japan (USD241) policy, the number of foreign visitors budgets. In 2016, they spent US$198 is expected to hit 10 million again in per day, with approximately 49% of Total (USD193) 2017. the daily spending on shopping (at 0% 20% 40% 60% 80% 100% US$96 per day this was 65% higher Characteristics of than average), and accommodation Source: Taiwan Tourism Bureau, Savills Research & Consultancy visitors only accounting for 23%, lower than The growth of foreign visitors is the average. mainly attributable to leisure travellers. According to a survey by the Taiwan New supply GRAPH 3 Tourism Bureau, leisure travellers in At the end of 1H/2017, the total International tourist hotel occupancy rates, 2016 accounted for 70.7%, while only number of hotels in Taiwan was 3,338, 2009–1H/2017 6.7% of visitors were here on business. providing 180,744 rooms. By grade, Even though the government has hotels accounted for 96.3% of total Taipei City Kaohsiung City Taichung City Total promoted MICE (Meeting, Incentive, supply and international tourist hotels 80% Convention, and Exhibition) for years, and tourist hotels only accounted for there are less than 1 million visitors 2.3% and 1.4%, respectively. 40% of 75% here for business, conference and supply is concentrated in the major exhibition purposes. Of these visitors, metropolitan areas, especially in 70% 35% are from Japan and 13% from Taipei City (17.4%), Kaohsiung City 65% the US. (12.2%) and Taichung City (10.8%). Small towns or rural areas with tourist 60% By traveller type, the free independent attractions, such as hot springs, traveller (FIT) sector has grown fastest beaches or national parks are also 55% in the past few years. In 2016, the popular with hoteliers, who focus on share of FIT increased significantly domestic clients. For example, 6.6% of 50% 2009 2010 2011 2012 2013 2014 2015 2016 1H/2017 by 5.6 percentage points (ppts) to total stock is located in Yilan County, 76.4%. This is due to strong growth due to its famous hot springs and easy Source: Taiwan Tourism Bureau, Savills Research & Consultancy in the number of tourists from Hong access to Taipei City. Tainan City, a 02 Asian Cities Report | Taiwan Hospitality 2H 2017 historical city in the south of Taiwan, Chinese tourist number fell, occupancy GRAPH 4 has 242 hotels, equivalent to 7.2% of rates in Kaohsiung were more directly International tourist hotel room rates, the total stock. affected. 2009–1H/2017 In the past 12 months, 129 hotels, with Average room rates decreased to Taipei City Kaohsiung City Taichung City Total a total of 8,603 rooms, were launched NT$3,793 per night in 1H/2017, 5.5% 6,000 and total supply increased by 4.8%. down from 1H/2016’s average of Five of the 129 new hotels are in the NT$4,014, decreasing for the first time 5,000 international tourist hotel and tourist since 2009. Taichung’s room rate fell 4,000 hotel categories. Dancewoods Hotels most out of the three major cities. They & Resorts and Yilan The Walden are provided more discounts to attract 3,000 located in Yilan, while the other three customers, which led their room rate NT$ per room hotels are located in Taipei, Tainan to fall by 8.3% YoY to NT$2,366, 2,000 and Pingtung. In order to reduce although it successfully increased the preparation time for new hotels, occupancy rates by 3.15 ppts in a 1,000 some hoteliers chose to renovate old struggling tourism market. Taipei buildings. S Hotel, located in the heart City used to benefit from abundant 0 2009 2010 2011 2012 2013 2014 2015 2016 1H/2017 of Taipei City with 102 rooms, was business travellers and was the first remodelled from an old office building destination for tourists. However, it also Source: Taiwan Tourism Bureau, Savills Research & Consultancy and positioned as a boutique hotel. saw a 6.9% drop in room rates, falling HOTEL CHAM CHAM (198 rooms) and back to 2012 levels. Room rates of Flora Hotel Main (56 rooms), which several selected leading international used to be hotels, were renovated by tourist hotels, including W Hotel, Le TABLE 1 new operators and re-opened as well. Meridien, Far Eastern Plaza and the Westin Taipei, declined. However, the Newly opened tourist hotel rooms, 2016– The fall in Chinese tourist numbers, Regent Taipei has seen a small growth 2017 coupled with a huge boom in hotel in room rates, due to 45% of their hotel supply, was intensified the competition room demand coming from Japanese in the hotel sector, causing both tourists, with only 7.2% relying on Hotel Location Room Type the occupancy rate and room rate mainland Chinese tourists. Dancewoods Hotels to decline. In order to differentiate Yilan County 104 Hot spring hotel and Resorts themselves from their competitors and Hotel market outlook attract domestic customers, more and In the short term, the relationship more operators are creating theme between Taiwan and China is not The Walden Yilan County 103 Kids-friendly hotel hotels. In addition to hot spring hotels, set to improve, and the promotion of which are popular with the domestic Taiwan tourism in other Asian countries S Hotel Taipei City 102 Boutique hotel market, hoteliers are recently looking to cannot cover the loss. The fast growth target niche markets such as cyclists, trend experienced in the past few Grand Bay Resort Pingtung County 234 Kids-friendly hotel families, teenagers and scuba divers. years will not return, and the entire By providing more leisure facilities tourism industry, including hotels, or activity packages, customers stay travel agencies, tour bus businesses, longer in the hotel and increase F&B jewellery shops and duty free stores, Source: Taiwan Tourism Bureau, Savills Research & Consultancy sales. Grand Bay Resort and Yilan The will face challenges. Several hotel Walden, both newly-opened hotels, are development projects have been or kid-friendly, providing swimming pools, cancelled. From 2016 to 2017, only kids’ clubs, and family rooms. six of 20 tourist hotels were launched TABLE 2 on schedule, as nine were postponed Selected international tourist hotels in Taipei, Occupancy rate and and five were cancelled. In the next 1H/2017 vacancy rate three years, more hotel projects In 1H/2017, the occupancy rate for which are under construction or in the Room rate/night Occupancy rate Hotel No. of rooms Taiwan’s international tourist hotels planning stage, will reconsider their (NT$) in 1H/2017 market position or postpone their decreased by 2.55 ppts to 64.79% W Taipei 405 8,561 75.9% YoY, according to statistics released construction schedule.
Load more

Recommended publications
  • Taiwan City Office & Residential Market in Taipei City and Investment Market In
    R ESEARCH TAIWAN CITY OFFICE & RESIDENTIAL MARKET IN TAIPEI CITY AND INVESTMENT MARKET IN TAIWAN Q 3 2016 COMMERCIAL OFFICE MARKET NEIHU RESIDENTIAL REAL ESTATE IN TAIPEI CITY TECHNOLOGY MARKET IN INVESTMENT PARK TAIPEI CITY KEY FINDINGS ECONOMY The Directorate General of Budget, in September that the discount rate, the Accounting and Statistics of Executive secured financing interest rate and the In Q3 2016, monitoring scores Yuan estimated that the GDP growth in short-term interest rate remained went up by 3 to 23, signaling 2016 would be 1.22% (Table 1). National unchanged at 1.375%, 1.75% and 3.625% economic recovery in Taiwan. Development Council announced that respectively. domestic economy became stable in Construction mortgage balance was down The Central Bank of Taiwan September 2016 (Table 2). This shows that by US$22 million to US$51.9 billion, down announced that the discount rate, the economy is recovering. the secured financing interest rate 1.7% year on year, representing a decline and the short-term interest rate Economic growth is lower than pre-financial for 10 consecutive months. Residential remained unchanged at 1.375%, crisis level, which means that the world mortgage balance, on the other hand, 1.75% and 3.625% respectively. economy is growing at a slow pace. In the surged US$1 billion to a record high of USA, despite its economy is gradually US$200 billion. This is mainly supported by recovering, investment sentiment remains the mortgage scheme for first time home low. In Japan, the economy remains buyers (undertaken by eight sluggish, while emerging economies see state-owned/partially state-owned banks), stable growth.
    [Show full text]
  • OPPORTUNITIES ACROSS TAIWAN a Review of 2019’S Investment Trends Sheds Light on Taiwan’S Six Metros
    COLLIERS RADAR COMMERCIAL PROPERTY | RESEARCH | TAIPEI | 8 APRIL 2020 Eilleen Liang Director | Research | Taiwan +886 2 8722 8601 [email protected] OPPORTUNITIES ACROSS TAIWAN A review of 2019’s investment trends sheds light on Taiwan’s six metros. COLLIERS RADAR COMMERCIAL PROPERTY | RESEARCH | TAIPEI | 8 APRIL 2020 Insights & Recommendations Annual land Commercial Although Taiwan’s economy has been sales hit NTD276.5 property affected by the US-China trade war in 2019, it also pushed manufacturing and billion in 2019, transactions totaled technology sectors to relocated partial increasing NTD138.6 billion operations back to Taiwan, increasing the demand for office, industrial office and 49.6% YOY up 70.0% YOY factories. Coupled with the low interest rates, the investment amount hit a record high in 2019. Looking forward in 2020, we Top destination for Most stable city for think uncertainties such as outbreak of COVID-19, US-China tensions, and the land investment- commercial cross-strait relations will likely impact the Taichung City property income: investment momentum especially in H1 2020. > Office: We still think the office sector is Taipei City the best opportunity for investors. Though leasing demand will likely > In 2019, land and commercial property investments grew significantly. The total sales value reached slowdown in H1 2020, with latent NTD415.1 billion (USD13.4 billion), a 56% increase compared to 2018. This is also the record high demand and a lack of supply we expect since Colliers survey started in 2007. rents and vacancy to remain stable. > Taiwan’s six metros are destinations both for investors and developers, with a total commercial > Industrial: We recommend owner- property sales value of NTD129.6 billion (USD4.2 billion), 94% of Taiwan’s total.
    [Show full text]
  • Taipei City Office Market & Taiwan Investment Market
    R ESEARCH TAIWAN INVESTMENT IN TAWIAN, OFFICE AND RESIDENTIAL MARKETS IN TAIPEI CITY Q1 2017 COMMERCIAL OFFICE MARKET NEIHU RESIDENTIAL REAL ESTATE IN TAIPEI CITY TECHNOLOGY MARKET IN INVESTMENT PARK TAIPEI CITY ECONOMY KEY FINDINGS The Directorate General of Budget, increased by 58.41% year on year. Taiwan’s economy has Accounting and Statistics of Executive In terms of residential sales remained stable for nine Yuan estimated Taiwan’s GDP growth transactions, the number of buildings months as of March 2017. in 2017 to reach 1.92% (table 1). transferred was 59.7 thousand, up Outlook for export was optimistic. 35.29% year on year (table 1). This The Central Bank of Taiwan Meanwhile, the National Development was a lower base period resulted from announced that the discount Council announced that the domestic the implementation of Integrated rate, the secured financing economy has remained stable for nine Housing and Land Tax last year. interest rate and the short-term months as of March 2017 (table 2). interest rate remained Regarding mortgage balance, Airport Considering the uncertainties in the unchanged at 1.375%, 1.75% MRT’s operation brought about the US and Europe’s economic policies, and 3.625% respectively. buying sentiment along the MRT route. and the support to the recovery of Room for negotiation went up and domestic economy, the Central Bank Foreign capital engaged mainly some projects were completed and of Taiwan announced in March that an in M&A activities, and no foreign ready for handover. As a result, easing monetary policy would be direct investment activities were residential mortgage balance reached adopted and that the discount rate, the recorded.
    [Show full text]
  • APIQ Q2 2018.Indd
    Savills World Research Asia Pacifi c Asia Pacifi c Investment Quarterly Q2 2018 Australia China (Northern) - Beijing/Tianjin China (Western) - Chengdu China (Southern) - Guangzhou/Shenzhen China (Eastern) - Shanghai Hong Kong | Japan | Macau Malaysia | New Zealand | Singapore South Korea | Taiwan Thailand | Vietnam Major Transactions Image: Hong Kong HIGHLIGHTS For Japan, monetary policy money remains the dominant a result. Korea’s investment remains supportive and the force and the focus this year market was more active World Bank forecasts steady has been on the offi ce market than ever during the second growth through 2020. Real while a recovering retail quarter. Total volumes for estate fundamentals are sector is gaining appeal. In the fi rst half of this year strong, and international Singapore, the July cooling have already reached 70% investors continue to target measures had a particularly of those posted in FY2017 fi rst and second tier cities negative impact on residential when the investment market in a display of confi dence. collective sales. This will saw its most active year. In Financial restrictions remain almost surely result in a Vietnam foreign capital is tight on the property market precipitous drop in this abundant but opportunities in China, with investment segment of the investment are limited across all sectors. funds less active than owner- sales market and we have occupiers. This trend could revised our investment sales Simon Smith, Savills Research continue for the rest of the forecast down, from S$36 year.
    [Show full text]
  • Shandong Iron & Steel Files to Sell Perps
    IFRASIA INTERNATIONAL FINANCING REVIEW ASIA MAY 5 2018 ISSUE 1039 www.ifrasia.com Xiaomi lines up blockbuster HK IPO under new dual-class share rules Shandong Iron & Steel files to sell perps convertible into equity Casino operator plans Cambodia’s first offshore bond offering PLUS: MONTHLY LEAGUE TABLES EQUITIES EQUITIES BONDS PEOPLE & MARKETS Foxconn’s mainland Indian real estate Lippo Karawaci UBS becomes first unit mulls selling firms look to sell faces cash crunch foreign bank to part of jumbo IPO shares as sector’s after breaching apply for majority to strategic buyers outlook improves bond covenant control of China JV 07 08 08 12 REGISTER TODAY GREEN FINANCING ROUNDTABLE TUESDAY MAY 22 2018 | THOMSON REUTERS BUILDING, CANARY WHARF, LONDON Sponsored by: Green bond issuance broke through the US$150bn mark in 2017, a 78% increase over the total recorded in 2016, and there are hopes that it will double again this year. But is it on track to reach the US$1trn mark targeted by Christina Figueres? This timely Roundtable will bring together a panel of senior market participants to assess the current state of the market, examine the challenges and opportunities and provide an outlook for the rest of the year and beyond. The Roundtable is free to attend, and you can register at http://financial-risk-solutions. thomsonreuters.info/GreenFinancingRoundtable Upfront OPINION INTERNATIONAL FINANCING REVIEW ASIA Leap of faith to convince investors of its growth plans and list at a reasonable valuation. If it fails, Hong Kong’s leap into the iaomi’s giant IPO is widely seen as a turning point for unknown will be looking more like a step backwards.
    [Show full text]
  • Taiwan's Energy Challenge
    October 2016October | Vol. 2016 46 | | Vol. Issue 46 10 | Issue 10 THE AMERICAN CHAMBER OF COMMERCE IN TAIPEI IN OF COMMERCE THE AMERICAN CHAMBER TAIPEI IN OF COMMERCE THE AMERICAN CHAMBER COVERCOVER STORY STORY Taiwan’sTaiwan’s Energy Energy ChallengeChallenge 台灣的能源挑戰台灣的能源挑戰 TAIWAN BUSINESS TOPICS TAIWAN BUSINESS TOPICS TAIWAN INDUSTRYINDUSTRY FOCUS FOCUS Real EstateReal Estate DESIGNDESIGN IN TAIWAN IN TAIWAN FashionFashion Designers Designers BACKGROUNDERBACKGROUNDER October 2016 | Vol. 46 | Issue 10 Vol. October 2016 | 46 | Issue 10 Vol. October 2016 | LGBT RightsLGBT Rights 中 華 郵 政中 北 華台 郵字 政第 北 台 字 第 5000 5000 號 執 照 登號 記 執為 照雜 登誌 記交 為寄 雜 誌 交 寄 ISSUE SPONSORISSUE SPONSOR Published by the Published by the American Chamber OfAmerican Chamber Of Read TOPICSRead Online TOPICS at topics.amcham.com.tw Online at topics.amcham.com.tw NT$150 NT$150Commerce In Taipei Commerce In Taipei 10_2016_Cover.indd10_2016_Cover.indd 1 1 2016/10/4 2:41:59 2016/10/4PM 2:41:59 PM CONTENTS NEWS AND VIEWS 6 Editorial A Significant Initiative 重大的一步 OCTOBER 2016 VOLUME 46, NUMBER 10 一○五年十月號 7 Taiwan Briefs By Timothy Ferry Publisher 發行人 Andrea Wu 吳王小珍 Editor-in-Chief 總編輯 11 Issues Don Shapiro 沙蕩 Cosmetic Law Clarifications Associate Editor 副主編 化妝品法釋疑 Tim Ferry 法緹姆 Art Director/ 美術主任/ By Don Shapiro Production Coordinator 後製統籌 Katia Chen 陳國梅 Manager, Publications Sales & Marketing 廣告行銷經理 COVER SECTION Caroline Lee 李佳紋 Translation 翻譯 Jay Chen, Yichun Chen, Sonia Tsai, Andrew Wang Taiwan’s Energy Challenge 陳正杰, 陳宜君, 蔡函岑, 王先堂 台灣的能源挑戰 ByTimothy Ferry American Chamber of Commerce in Taipei 14 Taiwan’s “Energiewende” 129 MinSheng East Road, Section 3, 7F, Suite 706, Taipei 10596, Taiwan – Developing Renewable P.O.
    [Show full text]
  • Office Snapshot Q4 2017
    MARKETBEAT Office Snapshot Q4 2017 Taipei Economy TAIPEI OFFICE Taiwan’s GDP increased 3.1% y-o-y to NT$4.4 trillion Economic Indicators (US$147,098 million) in Q3, with service sector growth of 2.6% y- Past 12-Month Q2 17 Q3 17 o-y on rising freight transport demand and wholesale trade Growth volume. CPI showed slight growth at 0.8% y-o-y. GDP is forecast GDP Growth 2.3% 3.1% to increase 2.6% for the full year. Service Sector GDP 1.5% 2.6% Growth Market Overview CPI Growth 0.6% 0.8% Source: Ministry of the Interior Taipei’s Grade A office rent held firm, averaging NT$2,480 per Note: Growth figure is y-o-y growth ping per month (US$82.5) at the end of Q4. Rental levels were stable across all office submarkets. Amid strong demand for Grade A Indicators office space and declining vacancy, rental flexibility and 12-Month Q3 17 Q4 17 Forecast concessions on offer are increasingly hard to come by in Xinyi Average Rent 2,480 2,480 District. (NT$/ping/mo) Vacancy Rate 9.7% 9.5% The citywide vacancy rate decreased 0.2 percentage points q-o- Source: Cushman & Wakefield Research q to 9.5%. Among submarkets, space tightened the most in Grade A Rent & Vacancy Rate Nanjing/Songjiang District at 8.9 percentage points q-o-q thanks 2,600 16 to take-up at a MRT joint development building. 2,550 14 2,500 12 Cumulative net absorption through the end of the year amounted 2,450 10 to 30,000 pings.
    [Show full text]
  • Taiwan Market Outlook Hotel Market Poised for Growth
    TAIWAN MARKET OUTLOOK HOTEL MARKET POISED FOR GROWTH Jonathan Jaw Associate Adeline Phua Partner, Shanghai www.hvs.com HVS Shanghai | Suite 3206C Bund Center, 222 Yan An Road, Shanghai, PR China Summary the Four Asian Tigers, with Hong Kong, Singapore and South Korea in the 1990s. Taiwan maintained Signs of rejuvenation have sparkled in Taiwan’s exceptionally high economic growth between the hotel market with the emergence of new hotels like early 1960s and 1990s. Taiwan has successfully the W Taipei and Le Meridien. With a relatively low transformed from being a cheap labour-intensive incoming supply of upscale hotels and high manufacturing economy to become a world occupancy rates in both Taichung and Kaohsiung’s leader in advanced technology. markets, this gives a positive signal for upscale hotel Taiwan’s economic growth relies heavily on the developers to develop in anticipation for the exports of technology-driven business. Hence, increase in tourism demands in Taiwan. Limited Taiwan’s export-oriented economy was heavily high-end hotel supply in Taiwan coupled with a affected due to the late-2000 global financial positive tourist arrivals outlook provide crisis. In 2009, Taiwan was one of the worst-hit opportunities for Taiwan’s hotel market to bloom. economies in the Asia Pacific region with a registered negative 1.8% GDP growth due to the decrease in exports and consumer spending. MAP OF TAIWAN However, the Taiwanese economy bounced back in 2010 and 2011, registering a 10.7% and 4.0% GDP growth, respectively. According to Taiwan Statistical Bureau, mainland China contributes for 28% of Taiwan’s exports in 2010.
    [Show full text]
  • Taiwan's Language Curriculum and Policy: a Rhetorical Analysis of the DPP's Claims-Making
    University of Northern Iowa UNI ScholarWorks Dissertations and Theses @ UNI Student Work 2009 Taiwan's language curriculum and policy: A rhetorical analysis of the DPP's claims-making Yi-Hsuan Lee University of Northern Iowa Let us know how access to this document benefits ouy Copyright ©2009 Yi-Hsuan Lee Follow this and additional works at: https://scholarworks.uni.edu/etd Part of the Language and Literacy Education Commons Recommended Citation Lee, Yi-Hsuan, "Taiwan's language curriculum and policy: A rhetorical analysis of the DPP's claims- making" (2009). Dissertations and Theses @ UNI. 670. https://scholarworks.uni.edu/etd/670 This Open Access Dissertation is brought to you for free and open access by the Student Work at UNI ScholarWorks. It has been accepted for inclusion in Dissertations and Theses @ UNI by an authorized administrator of UNI ScholarWorks. For more information, please contact [email protected]. TAIWAN'S LANGUAGE CURRICULUM AND POLICY: A RHETORICAL ANALYSIS OF THE DPP'S CLAIMS-MAKING A Dissertation Submitted in Partial Fulfillment of the Requirements for the Degree Doctor of Education Approved: Dr. Robert Boody, Committee Chair Dr. John Fritch, Committee Member Dr. Kent Sandstrom, Committee Member Dr. Kimberly Knesting, Committee Member Dr. Sarina Chen, Committee Member Yi-Hsuan Lee University of Northern Iowa December 2009 UMI Number: 3392894 All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is dependent upon the quality of the copy submitted. In the unlikely event that the author did not send a complete manuscript and there are missing pages, these will be noted. Also, if material had to be removed, a note will indicate the deletion.
    [Show full text]
  • Briefing Office Sector
    Savills World Research Taiwan Briefi ng Offi ce sector July 2017 Image: Xinyi district and Neihu district SUMMARY Given that improvement in vacancy rates occurred slowly, the overall vacancy rate is expected to fall to the lowest level with no large spaces being added to the market this year. While the number of companies by 0.2% quarter-on-quarter (QoQ) in Taipei City grew slowly, a survey and rents of some units on the higher “The demand for relocation made by the American Chamber of fl oors of Xinyi district were recorded at Commerce in Taipei said that uncertainty NT$3,600 to NT$3,800 per ping. driven by the redevelopment of over cross-strait relations, government effectiveness and reform of labour Vacancy rates improved for fi ve old offi ce buildings could gently law have affected foreign corporates’ consecutive quarters to 8.2%. The improve rents and vacancy in willingness to expand investment. improvement is mainly from the non-core district with vacancy rates the Grade A offi ce market.” Leasing activities slowed down decreasing by 2.9 percentage points Erin Ting, Savills Research this quarter, with total take-up reaching (ppts). 2,800 ping, dropping by 50% year-on- year (YoY). With limited new supply and steady take-up, vacancy rates are The average Grade A offi ce rent expected to decline to 8% at the end increased slightly to NT$2,756, up of the year. savills.com.tw/research 01 Briefi ng | Taiwan offi ce sector July 2017 Market overview though there was some slowdown Lack of new supply made business In Taipei City, the number of companies in take-up, the growth trend of rents districts, excepting Xinyi, less increased slowly in the fi rst quarter, remained unchanged.
    [Show full text]
  • An Examination of Management Competencies in Hospitality Higher Education: an Eastern Culture Context
    An Examination of Management Competencies in Hospitality Higher Education: An Eastern Culture Context Author Hsu, I-Cheng Published 2016 Thesis Type Thesis (PhD Doctorate) School Griffith Business School DOI https://doi.org/10.25904/1912/729 Copyright Statement The author owns the copyright in this thesis, unless stated otherwise. Downloaded from http://hdl.handle.net/10072/368000 Griffith Research Online https://research-repository.griffith.edu.au An Examination of Management Competencies in Hospitality Higher Education: An Eastern Culture Context I-Cheng HSU Master of Arts Department of Marketing Griffith Business School Griffith University Submitted in fulfilment of the requirements of the degree of Doctor of Philosophy June, 2015 Abstract The competency-based approach to curriculum design has received much attention, particularly in the context of hospitality higher education. However, in order for the competency-based approach to remain effective in producing graduates with the skills commensurate with current industry needs and with the capability of pursuing career success, management competencies need to be constantly updated. Thus, the need for research in this area is ongoing. However, there are a number of key stakeholders (e.g., educators, industry, early career graduates and students) who need to be considered if a thorough understanding of management competencies is to be gained. While past research has been instrumental in comparing the perspectives of industry and educators, there has been little research that has adopted a truly multi-perspective approach. Furthermore, as culture has a substantial impact on peoples’ beliefs, thinking patterns, preferences and expectations of performance in work environments, it could well be argued that generalising Western competency models in an Eastern cultural context may not be appropriate.
    [Show full text]
  • Integrated Transport System Development in Taipei
    Knowledge Sharing Seminars Asia Development Bank Integrated Transport System Development in Taipei S.K. Jason CHANG, Ph.D. Professor, National Taiwan University Advisor, Taipei City Government Vice President, ITS Taiwan BoD Member, ITS World Congress [email protected] July 5, 2018 交通部科技顧問室 Office of Science and Technology Advisors, MOTC, Taiwan Agenda • Background Information • Challenges • Integrated Transport Policy • ITS Applications • Concluding Remarks 交通部科技顧問室 2 Office of Science and Technology Advisors, MOTC, Taiwan Background • Taipei: 3,000 sq km, Population 7 mi Car- 2.5 mi, Motorcycle-3.2 mi MRT 136 km + BRT 60 km (3.2 mi pax/day) Bus 6,200 Vehicles + 136 Routes (1.9 mi pax/day) Taxi 54,000 vehicles (1.1~1.3 mi pax/day) Bike Sharing: 28,000 bikes w/ 820 stations • Taiwan: 36,000 sq km, Population 23 mi Freeway 989 km, Provincial Hwy 5,154 km Inter-City Rail: 1,100 km Car- 7.2 mi, Motorcycle- 13.8 mi - Mobile phone penetration: 113.2% (Smart Phone: 80.2%) - 100% e-Bus; 94% e-tag car; 75% GPS-Taxi - 6.5 mi Smart Card Issued; 92% e-payment Public Transit - 18/22 Cities with Traffic Control Center - 17/22 Cities being selected by ICF Smart City Award • ETC- All MLFF Distance-based Charge (94% e-tag) 交通部科技顧問室 • High Speed Rail: b/w Taipei and Kaohsiung (345km) 90 min Office of Science and Technology Advisors, MOTC, Taiwan Our Cities and Challenges • High Motorization • Diversity of Land Use • High Density of Population • Mixed Traffic Flow Characteristics • High Fatality in Traffic Accidents • Enforcement vs.
    [Show full text]