Wednesday, July 10, 2024 Taiwan is exploring the possibility of introducing visa-on-arrival for Indian travelers, aligning with global trends of simplifying visa processes to boost tourism. Deputy Foreign Minister Tien Chung-kwang highlighted Taiwan’s interest in tapping into India’s substantial outbound market. Before any final decision, talks with the immigration department are anticipated.
ResearchAndMarkets.com predicts that India’s outbound MICE tourism market will achieve a valuation of $13.4 billion by 2031.
Currently, India ranks as the ninth-largest market globally for business travel expenditure and holds the fourth position in the Asia Pacific region. Sunny Sodhi, Managing Director of FCM Travel India, highlights that 86% of Indian business travelers view travel as essential for achieving their business objectives. The Global Business Travel Association forecasts that India’s business travel spending will hit $38 billion this year, with a projected return to pre-2019 expenditure levels anticipated by 2025.
Notably, India experienced a significant 25% surge in business travel spending in 2023, reaching 78% of pre-pandemic levels. In a bid to promote Taiwan’s tourism offerings to Indian travel trade professionals, the Taiwan Tourism Administration launched the Taiwan Specialist Program in April. This initiative includes an e-learning program aimed at familiarizing professionals with Taiwan’s attractions.
Taiwan further engaged with the Indian travel trade.