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Taipei, March 3 (CNA) The government’s tourism promotion fund will end debt financing a year ahead of schedule if this year’s tourist arrival target of 12 million is achieved, the Tourism Bureau said in a statement on Sunday. It was announced that.
According to the government, which manages the fund, the tourism development fund’s income has increased as the number of tourists visiting Japan has recovered amid the easing of restrictions due to the novel coronavirus.
According to statistics released by the agency, more than 6.48 million tourists visited Taiwan last year, with the biggest visitors coming from Hong Kong, Macau, Japan and South Korea.
The Tourism Development Fund had a revenue of NT$5.866 billion (US$185.76 million) last year, excluding special government budgets, about 70% of the average revenue of NT$6.1 billion before the coronavirus outbreak. Corresponds to %. The current book debt is NT$400 million, the government said.
In addition to the government budget, the Fund’s main sources are airport service fees, government-owned land rental and royalty income, national scenic area admission tickets, parking, cleaning and maintenance fees, store rental fees and other Includes income.
The agency noted that although the fund bottomed out during the pandemic, the economics were also very strong, so losses on the books were much lower than expected.
The fund added that if the target of 12 million tourists visiting Taiwan this year is achieved, the fund will be able to reach break-even point early and exit its borrowings earlier than planned.
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