Germany's Federal Ministry of Health and Federal Ministry of Economics have stated their opinion that ITB Berlin be canceled.
Many exhibitors said they just simply cannot afford to write off the investment of their stand.
New show dates will be further announced by the organizers.
The price was was undisclosed but was a seven-figure sum, according to a statement by HotelPlanner.
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.
Major global corporations have announced to shut down respective operations until further notice and banned employees from traveling to China.
The cooperation between CBEF and ITB China will involve CBEF organizing and leading a delegation of senior association buyers to attend ITB China 2020.
The launch of the flagship platform myCWT in China marks the latest milestone in its journey to simplify business travel for companies and their employees around the world.
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