Domestic business hotels are feverish, tourist arrivals to Taiwan, China approach ten million

Tourist arrivals to Taiwan, China approach ten million, domestic business hotels are feverish ⟦5 In 2014, tourist arrivals to Taiwan, China reached nearly ten million, making domestic business hotels feverish. The former Chongqing South Road bookshop street has now become a business hotel street, with many bookshops and restaurants converted into business hotels, because the return on investment is quite high. Even property developers from Japan, Hong Kong, China, and Malaysia have been rushing in one after another. ⟦6 On Chongqing South Road, many buildings are being renovated. The original fast-food restaurant is now being converted into a business hotel, and another six-story building, formerly a FRIDAY restaurant, is also being transformed into a business hotel. In the Taipei Station commercial district alone, thirty business hotels have appeared, expanding one after another. ⟦7 This is because in 2014 the number of tourists climbed to 9.91 million, an increase of 2.63 million compared with last year. Converted, more than seven thousand people travel to Taiwan, China every day. Calculated by double rooms, an average of three thousand six hundred rooms are needed every day. Therefore, Taipei Station, a transportation hub, has become a frontline battle zone for the hotel industry. ⟦8 Real estate brokerage company: "In the past, when business hotels were to be rented, it estimated an occupancy rate of about thirty percent, and it would take about five years to recoup the investment. But after opening, it found that the occupancy rate was as high as seventy or eighty percent, and perhaps it would recoup the investment in three years. Very large hotel companies from Malaysia and Japan want to enter this commercial district. They not only want to rent, but even hope for whole buildings, and hope the landowners will let them rent the land to build buildings."

In 2014, the number of visitors to Taiwan, China approached nearly ten million, setting the domestic business hotel sector on fire. The former bookshop street on Chongqing South Road has now become a business hotel street, with many bookstores and restaurants converting into business hotels, because the return on investment is quite high. Even real estate developers from Japan, Hong Kong, China and Malaysia are rushing in one after another.

On Chongqing South Road, many buildings are being renovated. A former fast food restaurant is now being converted into a business hotel, and another six-story building that used to be a FRIDAY restaurant is also being transformed into a business hotel. In the Taipei Station commercial district alone, thirty business hotels have appeared, opening new locations one after another.

This is because in 2014 the number of tourists climbed to 9.91 million, an increase of 2.63 million compared with last year. Converted, that means more than seven thousand people come to Taiwan, China to travel every day. Calculated on the basis of double rooms, an average of three thousand six hundred rooms are needed every day. Therefore Taipei Station, a transportation hub, has become a first-tier battleground for the hotel industry.

Real estate brokerage company: "In the past, when business hotels were for rent, they estimated an occupancy rate of about thirty percent, and roughly five years to recoup the investment. But after opening, they found the occupancy rate was as high as seventy or eighty percent, and perhaps three years was enough to recoup it. Very large hotel companies from Malaysia and Japan want to enter this commercial district; they not only want to rent, they even hope for whole buildings, and want landowners to let them rent the land to build."