Cosmos staying upbeat as hotel sector flourishes and with the scheduled opening of new budget hotels and higher-end offerings, the group says it hopes to ride the wave of a thriving sector.

Cosmos Hotel & Resorts Group, which operates three hotels in the north of the nation, aims to implement a multi-brand strategy to accelerate its expansion over the next three years, a group official said earlier this week.

The hotel group is scheduled to launch its first budget hotel in Taipei in June, with a new brand called Bee House.

It also plans to invest NT$3 billion (US$100.84 million) opening a luxury resort in Hualien County's Ruisui Township in 2015.

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www.taipeitimes.com/News/biz/archives/2013/02/09/2003554560