Key Southeast Asian markets have seen a marked drop in Chinese tourists, a growth sector across much of the globe, as air crashes and geopolitical tensions take their toll.
While China spends more on outbound travel than any other nation, up 28 per cent to $165bn last year, the reversal of fortunes for some of Southeast Asia’s main tourism destinations underlines the risks that countries face as they look to China for growth.
The trend is particularly concerning for countries such as Malaysia and Indonesia, which were banking on Chinese tourists to help boost their slowing economies.
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