From empty sidewalks to deserted hotels, coronavirus is slamming the tourism industry

Travel demand through 2020 is expected to decrease by 5 percent in North America, 10 percent in Europe, and 25 percent in the rest of the world compared to last year, according to Dan Wasiolek, a senior equity analyst for Morningstar. The number of open airline seats increased by 1.7 percent in January compared to the same time last year, and demand climbed by just 2.4 percent, compared to 4.6 percent, IATA noted.

China, where the outbreak originated and where the most cases have been reported, makes up a significant portion of sales for hotel and travel companies: Casino and resort company Las Vegas Sands earns 90 percent of its income in China, Wynn Resorts earns 73 percent of its income there, and Hyatt said China makes up 11 percent of its total fees.

“We are missing the tourists and the Americans. The Vatican is empty,” she said, adding that there is almost no one on the Italian subway system or even in the streets. “If you sign up for a tour, people are saying ‘I don’t want to cancel, but it will be a problem getting back into the United States because if you work for certain companies, you’ll have to self quarantine.’”at a faster rate than the SARS outbreak in 2003 and MERS in 2012.

This is a good thing. Ppl are trying to help NOT spread the virus. These empty seats should be applauded. They could help save lives.

Still safe here until Trump finds out

With over 4,000 colleges and universities in the US with kids heading to Spring Break around the world. You do the math. Universities are willing to take the gamble and risk potentially high infection rates when they could cancel spring break and end the semester early.

They could consider trump doral 🤡

Who cares? Revenge of the 🐕

Poor parasitic elites. Lol

PMOIndia FinMinIndia Indian economy direly affected by use pretending India immune.Govt shd loosen purse strings.Forget infrastructure.Lower direct taxes,increase Direct Benefit Cash to rural areas PawanKalyan Mahatma_Kodiyar coronavirusinindia

Surreal😯

momo1708916245

It's a buyer's market for vacations! See you later suckas!

Peak tourism season late Spring to Summer... Right? 🤔

yes, the sky is falling

tourism? there are real live human beings dropping dead on the streets of the world every 10 minutes now

Early March is not peak tourism season in Venice. Is it anywhere?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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