Foreign tourist arrivals have risen 40 percent since Taiwan removed border controls in October last year, led by travelers from South Korea, Japan and Southeast Asia, travel e-commerce platform KKday said yesterday.
South Koreans topped the ranking of inbound tourists, followed by travelers from Japan, Hong Kong, Macau, Singapore and Malaysia, KKday said.
The findings were in line with Taiwan’s bid to attract 6 million foreign tourists this year and return to pre-COVID-19-pandemic levels next year.
Photo: CNA
As of Sunday, 1.85 million tourists had arrived in Taiwan this year, the Ministry of Transportation and Communications told a legislative hearing yesterday.
That number might reach 2 million by the end of this month after Taiwan downgraded COVID-19 and made travel into the country easier, it added.
The ministry has offered NT$5,000 worth of travel subsidies for 500,000 free independent tours and 90,000 group tours to attract foreign visitors, it said.
It was closely monitoring the target and would introduce more stimulus measures, if necessary.
The bulk of foreign tourists, 70 percent, visited Taipei and New Taipei City, followed by Taichung, Kaohsiung and Tainan, KKday said.
The destination survey showed that the Taipei 101 Observatory and the National Palace Museum were the top two tourist attractions, followed by New Taipei City’s Jioufen Township (九份), Hualien County’s Taroko Gorge (太魯閣) and the Alishan National Forest Recreation Area (阿里山國家森林遊樂區) in Chiayi County, it said.
Nantou County’s mountainous areas and beaches in Pingtung County’s Kenting National Park (墾丁國家公園) also ranked high.
Inbound tourists’ travel focus differs based on nationality, with South Koreans seeking out Taiwanese cuisine, while Japanese travelers consider Jioufen a must-visit destination, KKday said.
Tourists from Hong Kong and Macau like to travel as much as possible during their visits, but those from Singapore top the list for spending, it said.
Transportation is among the most in-demand services among foreign tourists, as they need high-speed rail tickets, car rentals and one-day or multiday tours to reach New Taipei City’s coastal areas, Nantou County’s Cingjing Farm (清境農場), Taroko Gorge or Alishan, KKday said.
Unique experiences, hot springs, lighting sky lanterns and do-it-yourself bakery activities also rank high on the itinerary of foreign tourists, it said.
The New Taiwan dollar is on the verge of overtaking the yuan as Asia’s best carry-trade target given its lower risk of interest-rate and currency volatility. A strategy of borrowing the New Taiwan dollar to invest in higher-yielding alternatives has generated the second-highest return over the past month among Asian currencies behind the yuan, based on the Sharpe ratio that measures risk-adjusted relative returns. The New Taiwan dollar may soon replace its Chinese peer as the region’s favored carry trade tool, analysts say, citing Beijing’s efforts to support the yuan that can create wild swings in borrowing costs. In contrast,
Nvidia Corp’s demand for advanced packaging from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) remains strong though the kind of technology it needs is changing, Nvidia CEO Jensen Huang (黃仁勳) said yesterday, after he was asked whether the company was cutting orders. Nvidia’s most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip-on-wafer-on-substrate (CoWoS) advanced packaging technology offered by TSMC, Nvidia’s main contract chipmaker. “As we move into Blackwell, we will use largely CoWoS-L. Of course, we’re still manufacturing Hopper, and Hopper will use CowoS-S. We will also transition the CoWoS-S capacity to CoWos-L,” Huang said
Nvidia Corp CEO Jensen Huang (黃仁勳) is expected to miss the inauguration of US president-elect Donald Trump on Monday, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Lunar New Year, a person familiar with the situation said. He has never previously attended a US presidential inauguration, said the person, who asked not to be identified, because the plans have not been announced. That makes Nvidia an exception among the most valuable technology companies, most of which are sending cofounders or CEOs to the event. That includes
INDUSTRY LEADER: TSMC aims to continue outperforming the industry’s growth and makes 2025 another strong growth year, chairman and CEO C.C. Wei says Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), a major chip supplier to Nvidia Corp and Apple Inc, yesterday said it aims to grow revenue by about 25 percent this year, driven by robust demand for artificial intelligence (AI) chips. That means TSMC would continue to outpace the foundry industry’s 10 percent annual growth this year based on the chipmaker’s estimate. The chipmaker expects revenue from AI-related chips to double this year, extending a three-fold increase last year. The growth would quicken over the next five years at a compound annual growth rate of 45 percent, fueled by strong demand for the high-performance computing