effect on tourism will carry into 2021 experts sayEven as infections of the novel coronavirus seemed to be slowing last week, the effects of the epidemic on the global tourism industry were accelerating rapidly.
The impact of the pneumonia-like disease caused by the virus, called Covid-19, is already being felt across the Asian continent, where leisure and business travel contributed $884 billion to gross domestic product in 2017, the most recent year for which data has been compiled by the World Travel and Tourism Council. (Projections for 2018 are about $1 trillion.) For China alone, inbound tourism brought in $127.3 billion in 2019, according to the country's tourism bureau.
But as diagnoses tick upward again, travel agents, operators, and hoteliers are bracing for at least months, if not a full year, of economic disruption from the outbreak, with long-term effects that may ripple well into 2021.
"The numbers of trip cancellations-not just to China but to the entire continent of Asia-is growing every day," says Jack Ezon, founder and managing partner of luxury travel agency Embark Beyond. "People are put off. Sadly, a lot of them are just saying, 'I don't know if I want to go anywhere right now.' Or, in many cases, 'I'll just go next year.' "
So far, almost 75% of his travelers have canceled their February and March departures to Southeast Asian countries, which the U.S. Centers for Disease Control and Prevention still considers to have a lower, level one risk for coronavirus. "They're worried about being anywhere close to the outbreak," he says, "or of getting stuck with canceled flights if other hubs become infected." A full 100% of the honeymoons his agency had booked to the region have been canceled and rebooked for alternate destinations including the Maldives, Southern Africa, and Australia.
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