According to the results of surveys conducted by OAG, McKinsey and Ctrip, most people are ready and willing to have leisure travels. However, business travel will still be challenged.
China’s business travel market posted a growth rate of 5.9% last year, while the average annual growth rate in 2013-2018 was 11%.
Guests were previously only required to use the health QR codes upon entering dining venues, but now they are required resort-wide.
Global mobile payment solution provider Ksher said it has secured millions of US dollars; China’s airlines see only a short-term hit from the coronavirus outbreak.
This could lead to a corresponding reduction in 12%-14% of the jobs.
CAPA warns that most carriers will go bankrupt by the end of May without government support.
Japanese cruise line blamed coronavirus for its bankruptcy; Thailand projected 6 million fewer visitors this year.
Expedia has kicked off its global lay-off this week in Hong Kong and Singapore; Sabre said the outbreak could cost a USD 100-150 million loss in first-quarter revenue.
