International markets including China contributed to USD 252 million (75%) of the USD 335 million losses for FY2019, while these markets constituted only 36.5% of the global revenues.
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.
From an ADR perspective, Mainland China reported just three months of declines in April, May and June of 2003.
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.
The company is expecting a 200 to 400 basis point decline in this year’s RevPAR.
The lists reveal the fast-growing successes of both direct booking strategies for hotels and the growth strategies of the consolidation-hungry giants.
Bloomberg analyst said Hilton’s profit exposure to the coronavirus outbreak may be more moderate than that of cruise lines and Macau casinos.
The effect is not only related to the hospitality sector but it extends to many other Swiss industries.
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