Limited alternatives: why Japan will struggle to replace Chinas 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…
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, Japan’s tourism industry has “limited alternatives” and “will find it difficult to fill the gap left by Chinese tourists”, BMI said, adding that “airport duty-free shops and large department stores will suffer direct impacts”.
