The outbreak will hit Asia Pacific economies, particularly in retail, restaurants, conferences, sporting events, tourism and commercial aviation.
Major global corporations have announced to shut down respective operations until further notice and banned employees from traveling to China.
British Airways and United Airlines are among the latest to cut flights while China Southern appears particularly vulnerable.
Tourism operations in mainland China account for 13% of the company's total operating revenue.
For travel brands, offering thoughtful communications and assistance to both travelers and corporate partners at the time will be much appreciated.
So far, 37 global airlines and over 10 international hotel chains have participated in the initiative to offer travelers free cancellations.
Egypt canceled all the Chinese tourism companies' bookings in Egypt’s Sharm El-Sheikh, Hurghada and Aswan.
The analysis showed that Air China earnings are the least sensitive to a 1% change in domestic traffic volume, at 5.1%.
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