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Title:
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China tourism to Asean slowing: report
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Author:
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ASEANBUSINESS STAFF
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Source:
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The Business Times
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Date:
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January 15, 2019
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Description:
- The China tourism boom is fizzling, with China visitor arrivals easing across most Asean countries in late 2018, said Maybank Kim Eng economists in a Jan 14 report. With slowing growth, a weaker yuan and waning consumer confidence, the current tourist slowdown may persist for most of 2019, they added. Nonetheless, the long-term outlook for Asean tourism is bright, with China's low passport penetration leaving much room for growth; airport capacity ramping up in both China and the region; and Asean also diversifying in other tourist markets.
