Quick recovery forecast for THSRCBy Chen Cheng-hui / Staff reporterTaiwan High Speed Rail Corp (THSRC, 台灣高鐵) is expected to recover quickly from the effects of COVID-19, as life returns to normal and thanks to the government’s domestic travel incentives, Yuanta Securities Investment Consulting Co (元大投顧) said in a note on Friday. “The ‘disease prevention tourism’ policy to be launched by the government by providing subsidies for tourism accommodation on July 1 should stimulate the domestic tourism industry and also increase demand for THSRC,” Yang said. Yang said that the company’s ridership and load factor recovered gradually last month. Its sales are expected to decline year-on-year this month and the next, narrowing notably in July after promotion plans are offered, she said. While border restrictions might continue, they would have little effect on operations, as foreign tourists constitute less than 10 percent of THSRC’s ridership, she added.

Source: Taipei Times May 31, 2020 15:56 UTC