Taiwan tourism feeling a chill
For Taiwan tourism, winter came early.
A significant drop in mainland visitors in the past few months has taken its toll on the island's tourism economy. Forty percent of related businesses were hit with a sharp drop in revenue - 23 percent on average - according to a survey by Taiwan companies 1111 Job Bank and its subsidiary TaiwanXing travel agency.
The cold spell claimed its first major victim when Genesis Travel Agency, a time-honored company specializing in group tour services for mainland visitors, declared bankruptcy on Wednesday, according to the Taiwan tourism authority.
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