Asia's most visited cities, such as Bangkok and Singapore, are also more vulnerable to declines in arrivals and tourism revenues because of their growing dependence on Chinese tourists.
Asia was home to 70% of the fastest-growing cities by visitor arrivals last year, the annual MasterCard Global Destinations Index released last week shows, ranking the world's 132 most popular cities by international visitor numbers and spending.
But the bulk of that growth was due to outbound travel from China, putting those Asian destinations at risk should Chinese tourists stay away as economic growth moderates further. Last year, more than 13% of visitors to Asia-Pacific destinations were from China, the highest proportion among all foreign travellers and more than double the figure of just under 6% recorded five years ago.
MasterCard chief economist Yuwa Hedrick-Wong told Reuters that the high dependency of Asian cities on Chinese tourists was unhealthy.
Asia's most visited cities, such as Bangkok and Singapore, are also more vulnerable to declines in arrivals and tourism revenues because of their growing dependence on Chinese tourists.Asia was home to 70% of the fastest-growing cities by visitor arrivals last year, the annual MasterCard Global Destinations Index released last week shows, ranking the world's 132 most popular cities by international visitor numbers and spending.But the bulk of that growth was due to outbound travel from China, putting those Asian destinations at risk should Chinese tourists stay away as economic growth moderates further. Last year, more than 13% of visitors to Asia-Pacific destinations were from China, the highest proportion among all foreign travellers and more than double the figure of just under 6% recorded five years ago.MasterCard chief economist Yuwa Hedrick-Wong told Reuters that the high dependency of Asian cities on Chinese tourists was unhealthy.
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