Europe anticipates seeing 7%-25% less Chinese visitor arrivals this year due to virus impact, OYO's annual loss has widened sixfold, and more for the day.
European destinations will see Chinese arrivals in the range of 7% and 25% lower in 2020 compared to the pre-crisis forecast.
The coronavirus impact may last until the second quarter of 2021, industries are feeling the pinch beyond China, with the full impact remains to be seen.
Outbound bookings from China to other parts of the world for March and April were just 55.9% of the record made last year.
It cut first-quarter Chinese jet fuel demand forecast by 14% or 125,000 barrels per day.
Travel volume during this year’s seven-day Lunar New Year period plummeted nearly 63.9% to just 152 million.
Travel advisers projected 10%-15% off in the $45.6 billion global cruise industry, major Chinese park operator warned of epidemic impact on $320 million asset-backed notes.
Of the 3,000 Chinese expected at this time, not even 1,000 have arrived on the Santorini island.
