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The coronavirus’s effect on tourism will carry into 2021

02/14/2020| 2:55:02 PM|

For luxury travel agency Embark Beyond, almost 75% of travelers have canceled February and March departures to Southeast Asian countries.

Earlier this week, even as infections of the novel coronavirus seemed to be slowing, 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 the 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.

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TAGS: Covid-19 | trip cancellation | Embark Beyond
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