Several airlines and cruise companies have canceled routes to China. Disney has temporarily closed its two theme parks in China. Here's how China’s struggle with the coronavirus outbreak is impacting global travel:
Several airlines and cruise companies have canceled routes to China, the Walt Disney Co. has temporarily closed its two theme parks in China and the Chinese government is prohibiting travel from the Wuhan region because of a coronavirus outbreak that has already killed more than 100 people and infected thousands more.
The Centers for Disease Control and Prevention warned Americans to avoid all nonessential travel to China because of the new coronavirus. The U.S. State Department raised its warning on China to Level 3, which urges people to “reconsider travel.” The agency also has a Level 4 warning for the Hubei province, where the disease was first identified in Wuhan.
Albert Eng, the owner of Chosen Travel in Monterey Park, estimates that his travel agency business specializing in Chinese vacations is down about 95% from previous years. Travel to China increases in late January and early February to celebrate the Lunar New Year and other events in the spring. Citing a “significant decline in demand,” United said it is suspending flights starting Saturday through Feb. 8 to Beijing, Hong Kong and Shanghai.
Fitch Ratings, the credit rating agency, issued a memo Tuesday saying the impact on air carriers is expected to be minimal but added that “a prolonged ban on traveling from and to China may have more negative implications” on airlines, depending on the severity and duration of the interruptions to international routes.
Although air travel eventually returned to normal, “there are risks that this outbreak could cause a sizable disruption,” the group saidand its estimated 83 million annual cruise passengers. The outbreak could slow that growth.
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