KAOHSIUNG, Taiwan -- Hotelier PK Yang Cheng-chen rode a tourism boom for nearly a decade, thanks to a stream of wealthy Chinese visitors. But his business plans began to unravel after President Tsai Ing-wen came to power in 2016.
"Demand fell off a cliff over the past two years," Yang told the Nikkei Asian Review. "Most of my local hotel peers are losing money and are even considering exiting the business."
