FDC International Hotels announced a 48% increase in earnings per share (EPS) for the first half of 2026, rising to NT$1.14, driven by strong room and dining demand, effective cost management, and higher contributions from entrusted management operations. The company reported a net profit after tax of NT$121 million for the period, up 48% from the same timeframe in 2025, according to BigGo Finance.
Operating Efficiency and Entrusted Management Drive Profit Growth
CFO Tseng Ching-Hung attributed the profit surge to operating expense control combined with a growing share of high-margin entrusted management business. The pre-tax net margin improved year-over-year from 8% to 11%, indicating enhanced profitability beyond revenue
growth, which was about 5% in the first half.
Tseng stated, “Operating expense control and profit contribution from entrusted management are the key factors behind profit growth significantly outpacing revenue growth.” Entrusted management accounted for roughly 9% of total revenue in the first half and is expected to exceed 10% for the full year, boosted by upcoming peak season demand and contributions from new properties.
Hotel Performance and New Openings
Palais de Chine Hotel Taipei recorded a 76% occupancy rate and an average daily rate (ADR) of NT$5,578 between January and August 2026, up from 72% occupancy and NT$5,458 ADR in 2025. The hotel has
maintained Michelin three-star status for nine consecutive years (2018–2026), which supports continued international guest flow and corporate event bookings.
Fleur de Chine Hotel Sun Moon Lake’s revenue remained flat for the same period due to second-quarter room renovations. The property maintained a 70% occupancy rate and an ADR of NT$12,565. Renovations concluded in Q3 2026, and bookings improved heading into the fourth quarter, supported by Taiwan’s domestic travel stimulus program.
Taichung Dakeng Fangting Road No.1 Manor, which opened on April 25, 2026, has booked over 160 events and more than 4,000 tables with order visibility extending through the fourth quarter
of 2027. The flagship package sold at NT$21,990 per table plus a 10% service charge constitutes 75% of orders. Tseng remarked on the local demand strength, saying, “We discovered that Taichung’s consumer spending power is truly remarkable.”
Expansion Plans in Mainland China, Abu Dhabi and Italy
The Hangzhou FDC Hotel, FDC’s first mainland China five-star flagship, will begin trial operations in late October 2026. Located on floors 35 through 42 of the TCC Kung-Liang Building in Qianjiang New City, Hangzhou, the hotel has 190 rooms and operates under a 25-year contract. Its dining outlets include the Michelin three-star Le Palais restaurant and Nel Blu by Umberto Bombana from Hong
Kong.
FDC plans to open the first overseas branch of its Le Palais Chinese restaurant in Abu Dhabi with 150 seats and an average check of $300 to $350. Originally planned for 2026, the opening was delayed to the first half of 2027 due to geopolitical tensions in the Middle East. Tseng confirmed preparations, including staff training, are complete and the venue will be ready soon.
In Europe, FDC acquired Palazzo Vivarelli Colonna in Florence, Italy for €16.5 million, with anticipated renovation costs of €28 million. Renovations are projected to finish by mid-2027. The acquisition was made through subsidiary Sine
Qua Non S.R.L., signaling an expansion into real estate investment.
Recent Financials and Future Outlook
Monthly revenue was NT$180 million in August 2026, an increase of 2.2% year-over-year, while July 2026 revenue declined by 3.5% year-over-year. Quarterly revenues were NT$540 million in Q2, up 5.5% year-over-year, and NT$780 million in Q1, up 5.0%, reflecting stable first-half demand.
Tseng expressed cautious optimism for the full year: “Full-year 2026 revenue should exceed 2025, because the first half is already higher than the same period last year.” The company expects stronger results in Q4 due to completed renovations at Fleur de Chine Sun Moon Lake, the operational ramp-up
of new locations including Fangting Road No.1 Manor and Hangzhou FDC Hotel, combined with the peak travel season and government subsidies.
FDC reported EPS of NT$2.17 for full-year 2025 and maintained a stable cash dividend of NT$1.75. Tseng highlighted the company’s consistent dividend policy, anticipating dividends to remain stable as entrusted management projects grow.
On environmental initiatives, FDC introduced a consumer carbon offset program matching guest contributions for renewable energy or carbon capture projects. Tseng noted, “A company should not only create profits but also bear responsibility for the planet and society.”
