‘Limited alternatives’: why Japan will struggle to replace China’s tourists
Japan will find it hard to replace the revenue lost if Chinese tourists keep avoiding the country amid a diplomatic row over Taiwan, a subsidiary of the data provider Fitch Solutions warned on Friday.
A sustained drop-off in visitor numbers from China would “significantly impact” Japan’s retail and tourism industries, as Chinese tourists were not only Japan’s largest source of overseas visitors but were also higher-than-average spenders, subsidiary BMI said in a research note.
In the short term,...
