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SARS COULD COST TAIWAN'S TOURISM SECTOR US$242.85 MLN.
TAIPEI, April 1 Asia Pulse - If the severe acute respiratory syndrome (SARS) continues to affect Taiwan until the end of year, the effect on the nation's tourism will be very serious, according to the latest assessment by the Cabinet-level Council for Economic Planning and Development (CEPD).
CEPD officials said that tourism stands to lose NT$8.5 billion (US$242.85 million) over the long term and that the restaurant, retail and wholesale industries will all be affected, which will account for between 0.03 per cent and 0.1 per cent of the gross domestic product.
Liu Shih-feng, secretary-general of the Executive Yuan, made the reports after the Executive Yuan convened the third meeting on SARS Monday, during which the Department of Health reported that as of 4 p.m., local cities and counties have reported 67 possible SARS cases, 13 of which are highly probable cases. The DOH has also issued 566 notifications for home quarantine.
Liu said that the Tourism Bureau estimates that 90 per cent of tourist groups traveling to Hong Kong and mainland China have canceled their travel plans, while 10 per cent of Japanese tourist groups coming to Taiwan have canceled their plans, and 20 per cent of Hong Kong groups have canceled plans to visit Taiwan.
Meanwhile, Chen Tsai-chin, director-general of the DOH's Center ...
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Source: HighBeam Research, SARS COULD COST TAIWAN'S TOURISM SECTOR US$242.85 MLN.