The travel industry in Taiwan continued on its road to recovery in 2023, with the volume of inbound arrivals having recorded high triple-digit growth over the previous year. Following the lifting of all COVID-19-related entry restrictions in October 2022, the number of international tourists gradually increased.
The volume of people travelling by air more than doubled in 2023, supported by the relaxation of border control measures, both within Taiwan and neighbouring Asian countries. With air travel having been off-limits during the pandemic, there was a release of pent-up demand from both business and leisure customers.
With the increase in the number of air arrivals, including international business travellers, hotels in Taiwan continued to bounce back in 2023, although the number of room nights remained below pre-pandemic levels. The sector suffered during the pandemic, due to mobility restrictions, with resulted in some hotels closing, or becoming quarantine hotels, for an extended period.
Retail sales of bookings continued to grow strongly in constant value terms in 2023. This trend was driven primarily by leisure travel, due to the release of pent-up consumer demand.
Inbound arrivals (in terms of number of trips) will continue to expand throughout the forecast period, with the anticipation that they will return to pre-pandemic levels by 2026. Growth will be very much dependent on the expected return of Chinese tourists and the relaxation of cross-strait entry restrictions.
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Travel
Travel encompasses several categories including tourism flows, lodging, travel modes, in-destination spending and booking.
See All of Our DefinitionsThis report originates from Passport, our Travel research and analysis database.
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