Travel & Tourism in Taiwan
Summary
Travel & Tourism in Taiwan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Taiwanese travel & tourism industry recorded revenues of $32.4 billion in 2023, representing a negative compound annual growth rate (CAGR) of 3.1% between 2018 and 2023.
- The passenger airlines segment accounted for the industry's largest proportion in 2023, with total revenues of $15.8 billion, equivalent to 48.9% of the industry's overall value.
- In 2023, the industry experienced a significant value increase, recovering from recent declines. This positive trend is primarily driven by rising GDP, which indicates overall economic growth. A higher GDP encourages businesses to invest in hospitality infrastructure and enhance existing facilities to meet growing demand. According to the National Statistics, Republic of China (Taiwan), the real GDP annual growth of Taiwan stood at 1.3% in 2023, fostering a favorable environment for new hotel developments.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the travel & tourism market in Taiwan
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Taiwan
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Taiwan travel & tourism market with five year forecasts
- What was the size of the Taiwan travel & tourism market by value in 2023?
- What will be the size of the Taiwan travel & tourism market in 2028?
- What factors are affecting the strength of competition in the Taiwan travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up Taiwan's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the recent developments in the industry?
- 8 Company Profiles
- 8.1. EVA Airways Corp
- 8.2. Lion Travel Service Co., Ltd.
- 8.3. Formosa International Hotels Corporation
- 8.4. Mercuries F&B Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Taiwan travel & tourism industry value: $ million, 2018-23
- Table 2: Taiwan travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Taiwan travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Taiwan travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Taiwan travel & tourism industry value forecast: $ million, 2023-28
- Table 6: EVA Airways Corp: Key Facts
- Table 7: EVA Airways Corp: Annual Financial Ratios
- Table 8: EVA Airways Corp: Key Employees
- Table 9: EVA Airways Corp: Key Employees Continued
- Table 10: Lion Travel Service Co., Ltd.: Key Facts
- Table 11: Lion Travel Service Co., Ltd.: Annual Financial Ratios
- Table 12: Lion Travel Service Co., Ltd.: Key Employees
- Table 13: Formosa International Hotels Corporation: Key Facts
- Table 14: Formosa International Hotels Corporation: Annual Financial Ratios
- Table 15: Formosa International Hotels Corporation: Key Employees
- Table 16: Mercuries F&B Co Ltd: Key Facts
- Table 17: Taiwan Size of Population (million), 2019-23
- Table 18: Taiwan Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 19: Taiwan GDP (Current Prices, $ Billion), 2019-23
- Table 20: Taiwan Inflation, 2019-23
- Table 21: Taiwan Consumer Price Index (Absolute), 2019-23
- Table 22: Taiwan Exchange Rate, 2018-23
- List of Figures
- Figure 1: Taiwan travel & tourism industry value: $ million, 2018-23
- Figure 2: Taiwan travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Taiwan travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Taiwan travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Taiwan, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Taiwan, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Taiwan, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Taiwan, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Taiwan, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Taiwan, 2023
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