With quarantine restrictions largely eliminated, lodging retail constant value sales will continue to recover throughout the forecast period, but they will remain below their pre-pandemic peak until 2027. While an increase in the number of international arrivals will undoubtedly boost demand for lodging, demand will be negatively affected by local consumers seeking to resume international travel, having been deprived of it for several years by COVID-19.
Having been disproportionately affected by the pandemic, hotels in urban centres are likely to see the strongest growth in retail constant value sales during the forecast period. Increased occupancy levels will help to support robust growth in room rates, particularly for high-end properties.
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Understand the latest market trends and future growth opportunities for the Lodging (Destination) industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Lodging (Destination) covers the main types of lodging used by inbound and domestic tourists, providing a destination point of view (also known as point of supply). Lodging value is measured in terms of the price paid for lodging by the consumer and businesses based on total room sales. It does not include food and drinks or any other form of revenue that is not directly related to lodging, such as events and conferences and guest services, such as gym, spa, shop, room service, restaurant and café. Lodging volume is measured in terms of number of outlets and rooms at year end, and room nights as total of the full year.See All of Our Definitions
This report originates from Passport, our Lodging (Destination) research and analysis database.
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