The Global Travel Market
COVID-19 has had a major impact on the global economy, bringing international travel to a standstill as countries implement border controls. Taiwan's tourism industry has also faced challenges due to border closures and ongoing industrial transformation.
Overview of the Global Tourism Market
The number of international arrivals fell sharply after the first quarter of 2020 as countries enacted COVID-19 related border controls. In 2020, the number of global international tourist arrivals (overnight stays) fell 73% to 394 million, with the biggest declines in the Asia-Pacific region (-84.2%), followed by the Middle East (-74%), Africa (-73.7%), Europe (-68.9%), and the Americas (-68.8%).
Statistics on International Tourism Markets for Inbound Visitors
Overview of Asian Tourism Markets
The number of inbound arrivals fell in all of Asia's tourism markets in 2020 due to COVID-19.
Number of Inbound Visitors for Major Asian Tourism Markets in 2020
Arrivals
Declining arrivals
Increasing arrivals
Taiwan
1,377,861
visitors
88.4%
Hong Kong
3,568,875
visitors
93.6%
South Korea
2,519,118
visitors
85.6%
Japan
4,115,828
visitors
87.1%
Singapore
2,742,443
visitors
85.7%
Malaysia
4,332,722
visitors
83.4%
Major Visitor Source Markets for Asia in 2020
Growth in Visitor Arrivals to
Hong Kong
Japan
Malaysia
Singapore
South Korea
Taiwan
Hong Kong
Japan
Malaysia
Singapore
South Korea
Taiwan
