Impact of Taiwan Dollar Strengthening on Travel Market: Locals Enjoy Benefits While Foreign Tourists Hesitate
Recently, the Taiwan dollar has strengthened significantly, which means more discounts for locals traveling abroad. Many are taking the opportunity to exchange currency and book flights. However, while this appears beneficial for Taiwanese tourists, it creates a double-edged sword for the tourism industry, as the costs for foreign tourists visiting Taiwan have also increased.
Some foreign visitors have indicated that, considering their budget, the price levels in China are more attractive for travelers. This raises concerns for industries related to travel, which are already struggling with a decrease in the number of Chinese tourists.
