China News Service, November 14th. According to statistics from the financial department of the Taiwan authorities, the accommodation and catering industry in Taiwan is suspected to be affected by consumption factors such as the decrease in mainland tourists traveling to Taiwan,

China News Service, November 14th, According to Taiwan media reports, according to statistics from the financial department of the Taiwan authorities, the accommodation and catering industry in Taiwan is suspected to be affected by consumption factors such as the decrease in mainland tourists traveling to Taiwan, and the bankruptcy rate ranked first in the eight major industry categories last year.

Data picture: Mainland tourists taste delicious food at Taipei Shilin Night Market. Photo by Wang Dongming, China News Service, statistics from the financial department show that the proportion of the accommodation and catering industry opened last year was 10.9%, but the proportion of closures was as high as 7.3%, which was significantly higher than the average of 4.6%.

Financial department officials admitted that in previous years, the proportion of closures in agriculture, forestry, fishery, animal husbandry, art and entertainment industries was relatively high, but after the political party rotation last year, cross-strait relations turned cold, which brought a significant impact on the accommodation and catering industry.

reported that due to the low threshold and fierce competition, the catering industry has the characteristics of "fast opening stores and faster closing stalls". The hotel and homestay industries are affected by the sharp decline in the number of mainland tourists to Taiwan, and are facing severe tests. Some hotel operators revealed that "the year before yesterday, everyone rushed to open hotels to welcome mainland tourists, but they started to want to sell in the second half of last year."

Taiwan's top eight industries closed last year as follows: 7.3% of the accommodation and catering industry; 7% of the art, entertainment and leisure services industry, 5.2% of the support services industry; 5.1% of the information and communications industry; 4.5% of the professional, scientific and technical services industry; 4.5% of the wholesale and retail industry; 2.8% of the manufacturing industry; 2.1% of the financial and insurance industry.