Carriers with weaker business models or liquidity profiles are likely to be hit harder and take longer to recover.
The amount of share increase in Quanjude is expected to equal at least 1 percent but no more than 2 percent of BTG's total share.
Nearly 11 million Chinese tourists came to Thailand in 2019, accounting for 18% of the countries GDP.
With the aviation industry intrinsically more connected globally today, air travel is less likely to remain as resilient.
2020 will see a total of 181 million trips from Mainland China.
Home-sharing platforms like Airbnb and Xiaozhu are suspending bookings in Beijing as the coronavirus prompts people across China to cancel travel plans.
Singapore expects visitor arrivals to drop 25%-30% this year due to the virus, OYO has brought in 8,500 more rooms in China, and more for the day.
The federal government admits the ban has taken a toll on the tourism industry, which is losing an estimated $1billion a week.
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