Heavier domestic, inbound and outbound tourism flows over the forecast period
The robust growth of domestic, inbound and outbound tourism is expected to benefit operators in travel accommodation, car rental, travel retail, tourist attractions and transportation. Taiwan’s Tourism Bureau continues to increase its efforts to promote Taiwan as an international tourism destination. Heavy promotion of all-year-round events and festivals in Taiwan also help to maintain its appeal to domestic and international travellers. On the other hand, Taiwanese people are expected to continue to travel often due to changing lifestyles, particularly young consumers who are adventurous and savvy when exploring on their own.