Tourism Boom Boosts Ridership, Total Revenue Reaches NT$2.3277 Trillion
According to the Year 114 travel and transport industry output survey released by the Ministry of Transportation, the tourism market was strong in Year 114, with public transport ridership continuing to rise, driving the development of transport-related industries and the travel industry. Total annual revenue of the travel and transport industry was NT$2.3277 trillion, down 5.2% from Year 113. The survey noted that the marine water transport industry dragged down overall total revenue due to a higher base of freight rates in Year 113 caused by the Red Sea crisis and port congestion, along with a halving of non-operating investment gains.
Aviation Tops with 4714 Hundred Million, Marine Water Transport Down 36.1% Year-on-Year
By industry revenue performance, the aviation transport industry ranked first with 4714 hundred million yuan, up 2.0% year-on-year. Next was the marine water transport industry with 350.5 billion yuan, down 36.1% year-on-year. The automobile freight industry recorded 3441 hundred million yuan, up 3.0%. The postal industry recorded 3047 hundred million yuan, down 8.3%. Driven by tourism and growth in public transport ridership, aviation and automobile freight maintained growth, while marine water transport and postal services declined, showing divergent industry performance.
Pre-Tax Surplus 3207 Hundred Million Yuan, Railway and MRT Losses Narrow
After settling overall industry revenue and expenditure, pre-tax surplus was 3207 hundred million yuan, down 33.9% from Year 113, with a pre-tax surplus margin of 13.8%. Among industries, other land transport had the highest margin at 45.1%, followed by the port industry at 43.1%, and marine water transport at 42.0%. Losses in the railway and MRT transport industry narrowed from 5.4 billion yuan in Year 113 to 0.4 billion yuan, showing a significant narrowing of losses, while the inland river and lake water transport industry turned to a loss.
Operating Surplus 193.2 Billion Yuan, Margin Rises to 9.0%
On the operating side, total operating revenue of the travel and transport industry in Year 114 was NT$2.1379 trillion, up 1.2% year-on-year, and operating expenses were NT$1.9447 trillion, up 1.1%. As operating revenue grew faster than operating expenses, overall operating surplus rose 2.3% to 193.2 billion yuan. Among industries, the postal industry posted the largest increase in operating surplus of 5.6 billion yuan, followed by the railway and MRT transport industry with an increase of 4.0 billion yuan. The public bus passenger transport industry remained in loss, but the loss narrowed, while the inland river and lake water transport industry swung from profit to loss. The overall operating surplus margin edged up 0.1 percentage points from 8.9% in Year 113 to 9.0%. Among industries, other land transport was highest at 42.8%, followed by the port industry at 39.0%. Compared with Year 113, other automobile passenger transport posted the largest increase of 4.0 percentage points, followed by travel and other related services with an increase of 3.8 percentage points. The loss rate of public bus passenger transport narrowed from 5.8% to 5.0%, while inland river and lake water transport swung from an operating surplus of 4.6% to a loss of 0.9%.