Canceled flights, quarantined cruises and $30B losses: How coronavirus has upended the travel industry

Brasil Notícia Notícia

Canceled flights, quarantined cruises and $30B losses: How coronavirus has upended the travel industry
Brasil Últimas Notícias,Brasil Manchetes
  • 📰 YahooNews
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 59%

The novel coronavirus outbreak has already upended an entire industry, resulting in canceled flights, resorts on lockdown, and a deadly cruise ship quarantine. The outbreak is expected to cost the airline industry alone nearly $30 billion. 'The main reason for that is that the markets affected

The novel coronavirus outbreak has already upended an entire industry, resulting in canceled flights, resorts on lockdown, and a deadly cruise ship quarantine. With the world bracing for a pandemic, experts say the travel sector should prepare for even more uncertainty ahead.Moreover, the decline in Chinese and other Asian tourists coming to the U.S."will translate into a loss of $7.

"Airlines are making difficult decisions to cut capacity and in some cases routes," he said in a statement."This will be a very tough year for airlines." The IATA calculated the nearly $30 billion figure based on how the industry was hit after the SARS epidemic, which was characterized by a sharp decline in travel demand for six months followed by an equally quick recovery -- though it's still unclear if this outbreak will follow a similar path.Hayley Berg, an economist at the flight and hotel booking service Hopper, told ABC News that demand for travel to China is about 40% lower than it was at the beginning of January.

"The areas that we know the most recent demand hits because of coronavirus are definitely concentrated in Asia and Southeast Asia," she said."We've seen a definite uptick in demand for domestic flights at the same time that international demand has fallen," she said."I would expect that is something we will see continue."

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

YahooNews /  🏆 380. in US

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Final Diamond Princess cruise crew members vacate contaminated ship after coronavirus quarantineFinal Diamond Princess cruise crew members vacate contaminated ship after coronavirus quarantineThe last group of about 130 crew members got off the Diamond Princess on Sunday, vacating the contaminated cruise ship after a coronavirus quarantine.
Consulte Mais informação »

Major events cancelled or postponed due to the coronavirus - Business InsiderMajor events cancelled or postponed due to the coronavirus - Business InsiderEvents across the globe are getting canceled due to the spread of the coronavirus, and over 20,000 people want South by Southwest to be one of them.
Consulte Mais informação »

Coronavirus And Travel: The Scary Facts (And The Reassuring Ones)Experts share coronavirus news and information—good and bad—about what it means for cruise ships, airplanes and travel in general:
Consulte Mais informação »

Updated: Here Are The Destinations Affected By Coronavirus Flight Cancellations And Travel BansFlights to Italy, South Korea, Singapore and China have all been cancelled as the outbreak worsens.
Consulte Mais informação »

Coronavirus And Travel: The Scary Facts (And The Reassuring Ones)Coronavirus And Travel: The Scary Facts (And The Reassuring Ones)Experts share coronavirus news and information—good and bad—about what it means for cruise ships, airplanes and travel in general.
Consulte Mais informação »

Dow rallies 800 points, looking to snap 7-day losing streakThe Dow rallies more than 600 points after last week's coronavirus-linked losses
Consulte Mais informação »



Render Time: 2025-03-06 13:03:08