Taiwan government hands out 1.2M travel vouchers to boost economy
Vouchers are worth USD36 each, eligible to pay for trips, stays at hotels, sight visits, and more
In hopes to boost the economy amid the pandemic, Taiwan’s government announced last Friday that it would issue 1.2 million travel vouchers valued at NTD1,000 (USD36.08) each, reported Taiwan News.
Beginning October 12, the coupons will be awarded via a draw every Tuesday at 10.30 a.m. for four consecutive weeks.
The Tourism Bureau mentioned at a news conference that each will have 300,000 winners.
Benefits that these vouchers cover include payments for trips, stays at hotels, treatments at hot springs, and visits to sights.
Registrations for the draws will be available from September 22 to October 29, with the use of the vouchers valid from November 1 until April 30, 2022.
According to the Tourism Bureau, the sooner people register, the more chances they have of winning a voucher.
The coupons are also available in digital form, but neither form will change be given.
More: Taiwan’s Penghu archipelago flourishes as tourists make their return
The government forecasted that if 2.4 million people use the vouchers, NTD5.8 billion (USD208 million) will be injected into the tourism sector. Along with other subsidy measures, the total benefit to the industry should hit NTD12.4 billion (USD446 million).
These travel coupons come on top of several other promotional schemes, counting the “Quintuple Stimulus Vouchers” worth NTD5,000 (USD180) per person.
The Property Report editors wrote this article. For more information, email: [email protected].
Recommended
Inside Asia’s luxury resort residences that are redefining high-end living
Asia’s resort residence market is witnessing a shift as investors eye larger, multifunctional units
How joining BRICS could give Thailand and Malaysia a new economic edge
Thailand and Malaysia are eyeing membership in the bloc of emerging nations
How Modi’s real estate reforms are transforming India’s housing market – and what’s next
A coalition led by the strongman prime minister Narendra Modi is looking to consolidate gains in the property market
Why Japan’s new interest rates might spark a transformation in Niseko’s property market
A new era for Niseko’s wintry property market dawns with the sunset of Japan’s negative rates regime