FDC International Hotels recorded a 48% rise in earnings per share (EPS) to NT$1.14 in the first half of 2026, propelled by a net profit after tax of NT$121 million, according to financial data released. This profit surge outpaced the 5% growth in revenue, while the company’s pre-tax net margin improved from 8% to 11% compared with the same period in 2025.
CFO Tseng Ching-Hung attributed the outperformance to steady room and dining demand, disciplined operating expense control, and a significant contribution from the group’s entrusted management segment, which he described as having “quite high margins.” Tseng also forecasted that
full-year 2026 revenue is expected to surpass the 2025 total of NT$2.425 billion, citing the strong half-year momentum.
Performance of Flagship Hotels
The group’s Taipei-based Palais de Chine Hotel improved its occupancy rate to 76% and average daily rate (ADR) to NT$5,578 for January through August 2026, compared to 72% occupancy and NT$5,458 ADR for full-year 2025. The hotel has maintained Michelin three-star status from 2018 through 2026, which Tseng identified as a unique brand strength bolstering both international guest arrivals and large corporate event bookings.
Meanwhile, Fleur de Chine Hotel at Sun Moon Lake recorded a 70% occupancy and NT$12,565 ADR for the
same eight-month period. Its revenue remained roughly flat year-over-year due to second-quarter room renovations. These renovations concluded in the third quarter, and Tseng noted an expected upturn in bookings driven by the upcoming peak season and domestic travel stimulus.
Revenue Mix and Off-Site Catering Growth
Off-site catering revenue increased its share from 14% in 2025 to 19% in the first half of 2026. Tseng credited this growth to strong demand for large-scale corporate year-end banquets and business events, particularly at the Le Palais Grand Hotel Xinzhuang Jingguan Pavilion’s off-site catering operation. Booking visibility for this segment extends well into the fourth quarter, outperforming prior years.
The
entrusted management segment contributed about 9% of revenue in the first half, with expectations to exceed 10% for the full year. Tseng emphasized this area as the group’s profit engine, driven by high-margin operations and new-location contributions anticipated in the latter half of 2026 and beyond.
Hangzhou FDC Hotel and New Property Developments
FDC International Hotels’ first mainland China flagship, Hangzhou FDC Hotel, occupies floors 35 to 42 in the TCC Kung-Liang Building within Qianjiang New City. The 190-room five-star hotel operates under a 25-year contract. Its culinary offerings include the Michelin three-star Le Palais restaurant and Nel Blu by Umberto Bombana, a partnership with Hong Kong’s
Michelin three-star chef Umberto Bombana.
Trial operations are scheduled to commence in late October 2026. Tseng described the property as “an exceptionally beautiful hotel” and the group’s largest entrusted management project to date.
In Taichung Dakeng, Fangting Road No.1 Manor opened on April 25, 2026. The venue has secured over 160 events and more than 4,000 tables booked, with orders extending through the fourth quarter of 2027. The flagship package is priced at NT$21,990 per table plus a 10% service charge, constituting about 75% of total bookings. Tseng acknowledged the strong local consumer spending power backing this demand.
Overseas Expansion and Other Developments
The launch
of Le Palais Chinese restaurant’s first overseas branch in Abu Dhabi has been postponed due to ongoing Middle East conflict. The venue is expected to open in the first half of 2027, featuring 150 seats and an average customer check between US$300 and US$350. The company has completed staff training and preparations for a timely opening.
FDC’s subsidiary Sine Qua Non S.R.L. acquired Palazzo Vivarelli Colonna in Florence, Italy, for €16.5 million, with renovation costs estimated at €28 million. Renovations are anticipated to finish by mid-2027 as the company advances planning and due diligence on the historic property.
Monthly revenue
figures showed a 2.2% year-over-year rise in August 2026 to NT$180 million, after a 3.5% decline in July. Quarterly revenue totaled NT$540 million in the second quarter and NT$780 million in the first, reflecting steady demand.
Tseng underlined FDC’s consistent dividend policy; for 2025 the company posted EPS of NT$2.17 and paid a cash dividend of NT$1.75 per share. The group also launched a consumer carbon offset program matching guest contributions dollar-for-dollar to fund renewable energy or carbon capture initiatives, emphasizing corporate responsibility.
Tseng concluded, “Operating expense control and profit contribution from entrusted management are the key factors behind profit
growth significantly outpacing revenue growth,” highlighting the strategic dual-track model with self-owned brands and asset-light management driving FDC’s ongoing expansion.
