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 lists reveal the fast-growing successes of both direct booking strategies for hotels and the growth strategies of the consolidation-hungry giants.
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.
More than 25,000 flights to, from and within China will be canceled this week; online travel stocks fell as more countries limit travel to and from China.
Some 271 hotels in Wuhan and 47 hotels in nearby areas have so far provided 6,056 medical workers with over 40,000 room nights of free accommodation.
Airlines and major hotel chains are waiving cancellation fees, but recouping all the costs associated with trips canceled due to coronavirus fears is far from guaranteed.
At a time when the country is mobilizing medical teams nation-wide to fight the virus in Wuhan, China’s travel industry is also taking measures to participate in the fight.
Guest room incomes totaled 23.55 billion yuan, accounting for around 48% of total revenue.
