Coronavirus effect on tourism


With the Coronavirus epidemic rampant in Asia, the tourism industry there is taking a beating from the decline in the number of Chinese tourists. A number of countries such as Singapore and Indonesia have already restricted entry for visitors from China or any non-Chinese citizens who had been to China recently. That will put additional strain to the regional economy of the countries already reeling from the effects of the US-China trade war.


The timing of the virus coincide with the Chinese Lunar New Year where the majority of the Chinese are traveling and spending money. For many of the workers, that is the only time they are able to get time off work during the year. This shortfall on the number of Chinese tourists also affects US and European economies as they are also favorite destinations for them. The domino effect of the slowdown in the tourism industry is going to be felt worldwide. 


https://www.channelnewsasia.com/news/asia/wuhan-virus-coronavirus-tourism-worst-hit-countries-cities-china-12377622

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