INTERVIEW: Creativity helps Formosa Group survive difficult timesFormosa International Hotels Group is taking a hard hit this year, but it is nonetheless aiming to expand its footprint at home and abroad, unfazed by the reshaping of the hospitality industry during the COVID-19 pandemic. Other international tourist hotels fared worse with business plunging 85 percent. Formosa International Hotels Group chairman Steve Pan speaks at an event on Feb. 24. Photo: Chang Chia-ming, Taipei TimesThe international tourist hotels have been a completely different story. In Singapore, the government provides different degrees of wage subsidies for international tourist hotels while border controls are in place.

Source: Taipei Times September 17, 2021 15:56 UTC