FDC International Hotels posted earnings per share (EPS) of NT$1.14 for the first half of 2026, a 48% increase compared to the same period in 2025. Net profit after tax rose 48% to NT$121 million, with revenue up 5% year-over-year. The group improved its pre-tax net margin from 8% in H1 2025 to 11% in H1 2026, driven by operating expense control and a higher contribution from entrusted management operations.
Operating Results at Flagship Properties
Palais de Chine Hotel Taipei achieved a 76% occupancy rate and an average daily rate (ADR) of NT$5,578 from January to August 2026, compared to 72% occupancy and an ADR
of NT$5,458 for full-year 2025. The hotel has maintained its Michelin three-star rating from 2018 through 2026. Fleur de Chine Hotel Sun Moon Lake recorded a 70% occupancy rate and NT$12,565 ADR for the same period, with revenue roughly flat due to Q2 room renovations completed by Q3 2026. The upcoming peak travel season and Taiwan’s domestic travel stimulus are expected to raise booking momentum for Fleur de Chine.
Revenue Mix and Management Operations
Off-site catering revenue grew to represent 19% of total revenue in the first half of 2026, up from 14% in 2025. This increase is linked to corporate year-end banquets and large
business events held primarily at Le Palais Grand Hotel Xinzhuang Jingguan Pavilion. Entrusted management accounted for approximately 9% of first-half revenue and is projected to exceed 10% for the full year. CFO Tseng Ching-Hung stated that the high-margin entrusted management segment remains the main profit driver for the group.
Hangzhou FDC Hotel Trial Operations
The Hangzhou FDC Hotel, FDC’s first flagship five-star property in mainland China, is scheduled for trial operations in late October 2026. Located on floors 35 to 42 of the TCC Kung-Liang Building in Qianjiang New City, the hotel offers 190 rooms under a 25-year contract. Dining includes the Michelin three-star Le
Palais restaurant and Nel Blu by Umberto Bombana, collaborating with the renowned Hong Kong chef’s team. Tseng described the property as “an exceptionally beautiful hotel” and noted it will be the group’s largest entrusted management project.
Taichung Fangting Road No.1 Manor Bookings
The Fangting Road No.1 Manor in Taichung, which opened on April 25, 2026, has secured over 160 events with more than 4,000 tables booked, extending order visibility into the fourth quarter of 2027. The venue’s flagship package, priced at NT$21,990 per table plus a 10% service charge, generates around 75% of the bookings. CFO Tseng highlighted the strong consumer spending power in Taichung as
a key factor in these results.
Overseas Expansion and Renovation Projects
Le Palais Chinese restaurant’s overseas branch in Abu Dhabi was delayed from 2026 to the first half of 2027 due to Middle East conflict. Staffing and preparations are complete, with seating for 150 and an average check of $300 to $350. FDC’s subsidiary Sine Qua Non S.R.L. acquired the Palazzo Vivarelli Colonna in Florence, Italy, for €16.5 million, with renovation costs estimated at €28 million. The historic property is scheduled for renovation completion by mid-2027.
Monthly revenue for August 2026 reached NT$180 million (US$5.7 million), up 2.2% year-over-year. The second quarter posted revenue of
NT$540 million (US$17.0 million), a 5.5% increase year-over-year, while first quarter revenue was NT$780 million (US$24.6 million), up 5.0%. FDC maintained a cash dividend of NT$1.75 per share for 2025 EPS of NT$2.17.
FDC International Hotels also launched a consumer carbon offset program where guest contributions are matched by the company for renewable energy or carbon capture projects. Tseng stated, “A company should not only create profits but also bear responsibility for the planet and society.”
