Even if the coronavirus outbreak ends quickly, the disruption in the supply chain will affect trade, tourism and confidence.
Expedia has informed its suppliers via email that it will suspend the sale of all mainland China-based products, ground transportation and tours.
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.
For luxury travel agency Embark Beyond, almost 75% of travelers have canceled February and March departures to Southeast Asian countries.
The lists reveal the fast-growing successes of both direct booking strategies for hotels and the growth strategies of the consolidation-hungry giants.
The company expects the coronavirus will have USD 30-40 million impact to adjusted EBITDA in Q1.
The loan comes amid challenges to its business following the coronavirus that has claimed over 1,300 lives.
The new partners say they aim to bring Peakwork technology into the Taiwanese leisure market and implement features in local applications.
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