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Fosun Tourism projects significant impact from coronavirus outbreak

01/29/2020| 9:46:14 PM| ChinaTravelNews

Tourism operations in mainland China account for 13% of the company's total operating revenue.

Fosun Tourism, the travel service unit of Chinese conglomerate Fosun International, announced on January 29 that the company's travel operation in mainland China will be "significantly affected in the near future" due to the recent coronavirus pneumonia outbreak.

Based on the current progress of the Epidemic, it is expected that the company’s revenue from the operation of resorts and tourism destinations and tourism and leisure services and solutions in mainland China will be significantly affected in the near future. 

As the company implements globalized tourism operations, the revenue from tourism operations outside mainland China is expected to account for approximately 87% of its total tourism operations revenue in 2019. The business outside mainland China still maintains a good momentum recently, and the impact by the Epidemic is expected to be limited in the near future. 

The company said it has implemented measures including epidemic prevention and control, cancellation and rescheduled travel services for customers in accordance with relevant national and local regulations on epidemic prevention and control.

TAGS: Fosun Tourism | coronavirus
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