Taiwan businesses prepare for new arrivals
Watch Video
Business sectors in Taiwan are busy preparing for the Free Independent Traveler program, which is designed to make mainlanders travel more conveniently to the island.
The Free Independent Traveler, or, FIT program, is going to be set in motion at the end of this month. Whether it will FIT the expectations of many, and benefiting the economy, only time can tell.
But it is also fair to say, those business sectors which are likely to gain from this new policy, have been longing to see this day coming
Michael Liu, spokesperson of Taipei 101 Tower, said, "In fact, from Level B-1 all the way to the 5th Floor, major renovations are underway. Restaurants such as Ding Tai Feng, a Michelin 3 Star franchise, not to mention a 3C-shopping plaza are all coming in here. On the fourth and fifth floor, many flagship stores are set to open from the second half of this year to early next year, including the worlds biggest flagship store from one of the world-renowned luxury brands."
Case in point, this just-opened 3C-shopping plaza, have not only started using Mainland jargon, which is different from local usage, to describe certain products,
but also compete head-to-head against online shopping giants from across the strait,
by displaying the price figures one next to the other, to lure FIT travelers, who can spend as much time as they like in a given place, taking time to make purchasing decisions, without the time constraints for group visitors
From vendors providing simple food with unique atmosphere, to hi-end luxury brands displaying the latest fashion products, June 28th is the D Day , for which al! l of the m share a common goal.
That is: to extract as much money as they can from the thick wallets of mainland visitors.
Comments