IHG has been highlighted by analysts as among the European companies most directly exposed to the epidemic.
Even if the coronavirus outbreak ends quickly, the disruption in the supply chain will affect trade, tourism and confidence.
Limehome automates all conventional processes of hotel business – from pricing, booking, check-in, cleaning, customer service to invoicing.
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.
From an ADR perspective, Mainland China reported just three months of declines in April, May and June of 2003.
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 company is expecting a 200 to 400 basis point decline in this year’s RevPAR.
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