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Tourism to Taiwan forecast to continue growth
Central News Agency
2014-03-30 11:01 AM
Taipei, March 30 (CNA) Taiwan's tourism industry is expected to maintain growth momentum through 2014 as key market indicators are likely to continue moving up, the Tourism Bureau said, citing a report by the World Travel & Tourism Council (WTTC).

WTTC, a forum for leaders of the world's 100 top travel companies, said in its March report that Taiwan could see its tourism-driven gross domestic product (GDP) grow by 3.6 percent this year.

Employment in the sector looks poised to grow 5.7 percent over 2014, while investments could grow by 8 percent, the report showed.

Last year, the tourism industry brought in US$25.8 billion, or 5.3 percent of Taiwan's overall GDP for the year, WTTC said.

It employed 643,000 people, or 5.9 percent of Taiwan's working population, and attracted investments totaling US$5.46 billion, 5.8 percent of total investments in the country, the figures showed.

A record 8 million foreign nationals visited Taiwan last year, representing 9.6 percent more people than in 2012.

Taiwan ranked 10th worldwide last year for growth in tourism, coming in ahead of regional tourist hotspots Malaysia and Singapore, according to the World Tourism Organization, a United Nations agency. (By Lee Hsin-Yin)

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