Taiwan to give 500,000 tourists perks worth US$165 each to boost economy

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Taiwan to give 500,000 tourists perks worth US$165 each to boost economy
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The incentives, worth NT$5,000 (US$165) each, were announced on Feb 23 as part of a NT$5.3 billion package to attract international tourists.

The incentives, worth NT$5,000 each, were announced Thursday as part of a NT$5.3 billion package to attract international tourists.

The spending plan also included a proposal to offer travel agencies NT$10,000 each for groups of at least eight tourists, and NT$20,000 each for groups of at least 15 tourists. But visits came to a near-standstill as Taiwan closed its borders and implemented quarantine rules to contain the virus. Geopolitical tensions have also chilled the industry, as China banned individual tourists traveling to Taiwan in 2019, and last month left it off a list of 20 permitted destinations for Chinese tour groups.

The tourism announcement was part of a larger, NT$380 billion stimulus package that was approved via a special act by lawmakers this week. Lawmakers still need to sign off on where all of the funds are used specifically.

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