International markets including China contributed to USD 252 million (75%) of the USD 335 million losses for FY2019, while these markets constituted only 36.5% of the global revenues.
Europe anticipates seeing 7%-25% less Chinese visitor arrivals this year due to virus impact, OYO's annual loss has widened sixfold, and more for the day.
The coronavirus impact may last until the second quarter of 2021, industries are feeling the pinch beyond China, with the full impact remains to be seen.
The lists reveal the fast-growing successes of both direct booking strategies for hotels and the growth strategies of the consolidation-hungry giants.
Travel volume during this year’s seven-day Lunar New Year period plummeted nearly 63.9% to just 152 million.
Travel advisers projected 10%-15% off in the $45.6 billion global cruise industry, major Chinese park operator warned of epidemic impact on $320 million asset-backed notes.
ICAO forecast a decline in global traffic of 16.4 million passengers, the hotel industry could end up having to deal with the virus impact for the next 12 months.
Singapore expects visitor arrivals to drop 25%-30% this year due to the virus, OYO has brought in 8,500 more rooms in China, and more for the day.
