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Taiwan to subsidize foreign business travelers in 2024
The Ministry of Economic Affairs and the Ministry of Transportation and Communications in Taiwan have announced a new "Subsidiary Tourism" program aimed at boosting business travel. Foreign business travelers will be eligible for a subsidy of up to NT$2,000 starting next year. The program has a budget of NT$10 million and aims to support foreign business visitors to Taiwan. Stocks of related hotels have surged in response to this policy push, with analysts predicting positive growth for the tourism industry. The reduction in extended public holidays next year is expected to favor domestic tourism momentum and improve hotel occupancy rates. Overall, businesses and investors anticipate a robust year ahead for the hotel industry in Taiwan.2023/12/20 17:27