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Tourism factories set to generate greater revenues in 2015: MOEA

Tourism factories set to generate greater revenues in 2015: MOEA

Taipei, Jan. 3 (CNA) Enthusiasm for tourism factories among both domestic and overseas tourists has generated NT$3.32 billion (US$104 million) in revenues last year, the Ministry of Economic Affairs (MOEA) said Saturday, predicting that the earnings will reach NT$3.8 billion in 2015. Thanks in part to nearly 10 million foreign visitor arrivals to Taiwan in 2014, a record-high, the tourism factory sector had seen 16.6 million visits, a 38 percent annual growth, according to the MOEA. The ministry is predicting that tourism factory visits could rise to 19 million this year as a result of economic recovery, increasing revenues by up to 14 percent. It has actively promoted the niche tourism sector since 2003 to provide a new source of income for manufacturers of traditional products that have been losing their competitive edge largely due to higher labor costs. The project blends Taiwan's industrial culture and tourism by converting select factories into popular tourist destinations, the ministry said. Under the program, run by the ministry's Industrial Technology Research Institute, the ministry screens existing old economy factories and chooses a certain number every year to be transformed into tourist attractions. (By Huang Chiao-wen and Lee Hsin-Yin)


Updated : 2021-09-23 05:50 GMT+08:00