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.
The effect is not only related to the hospitality sector but it extends to many other Swiss industries.
Private jet companies VistaJet and NetJets said they have suspended their China operations.
ICAO forecast a decline in global traffic of 16.4 million passengers, the hotel industry could end up having to deal with the virus impact for the next 12 months.
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