Home > > Billion-dollar trade events hit, luxury brands suffer - Virus Updates

Billion-dollar trade events hit, luxury brands suffer - Virus Updates

02/08/2020| 12:16:43 AM| ChinaTravelNews

At least 61 people onboard a cruise ship off Japan have tested positive for the coronavirus; Hong Kong Airlines will cut 10% of its workforce.

As of February 7 at 23:48 in Beijing time, the coronavirus has killed 637 people and infected over 31,000 people. 

Key developments:

* Cruise confirmed cases in Japan rose to 61
* Billion-dollar trade events hit
* Virus cuts tourism, luxury brands suffer
* Hong Kong Airlines to axe 400 jobs

Worldwide updates:

>> Confirmed cases on cruise off Japan add up to 61

At least 61 people onboard a cruise ship off Japan have tested positive for the new coronavirus, the government said on Friday, as thousands of passengers and crew face a two-week quarantine.

>> Four passengers from cruise monitored in N.J.

U.S. health officials said a family of four have been taken from a cruise ship in New Jersey for evaluation at a local hospital. Health officials screened about two dozen for the virus.

>> Billion-dollar trade fairs, conferences hit 

Over two dozen large trade fairs and industry conferences in China and overseas have been postponed or hit by travel curbs and concerns about the spread of a coronavirus, potentially disrupting billions of dollars worth of deals.

>> Virus cuts Chinese tourism, luxury brands suffer

Chinese tourists are disappearing from major shopping capitals across the U.S. and Europe as a result of the coronavirus, and their absence is hurting some of the world’s highest-profile luxury brands.

>> Hong Kong Airlines to axe 400 jobs

Hong Kong Airlines will cut 400 jobs, which amount to about 10% of its workforce, and ask remaining staff to take at least two months of unpaid leave as the coronavirus outbreak worsens the weakened carrier’s financial crisis.

>> Hundreds more Hong Kong flights to be canceled

Hundreds more Hong Kong flights are set to be dropped as the floodgates open on airlines canceling services during the city’s fight against the coronavirus. Carriers based in Asia, Australia, South Africa and Middle East revealed that they would cut all or some of their flights to the city.

>> Hong Kong airport to segregate China flights

Hong Kong International Airport will segregate all mainland China flights from other services as it steps up scrutiny of travelers with stricter quarantine measures.

>> Wynn Resorts losing $2.5m a day in Macao

Wynn Resorts is losing about $2.5 million a day in Macao after casinos there were ordered closed for a 15-day period. Wynn CEO Matt Maddox said it was too early to predict when they would reopen.

 

Read earlier reports on coronavirus: 

>> F1 Shanghai race at risk, Indonesia could lose $4 billion

>> Europe mulls US-type travel ban, Disney expects $175m loss

>> UK citizens told to leave China, Cathay to cut 90% China flights  

TAGS: coronavirus | cruise | trade fairs
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