Calculation is based on losses deriving from Chinese tourists who have not been travelling in recent weeks. FMTNews
MADRID: The deadly coronavirus epidemic will cost world tourism at least US$22 billion owing to a drop in spending by Chinese tourists, the head of the World Travel and Tourism Council said Thursday.
“It is too soon to know but the WTTC has made a preliminary calculation in collaboration with Oxford Economics which estimates that the crisis will cost the sector at least US$22 billion,” Gloria Guevara told El Mundo daily.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Virus, salary cap floor Chinese football transfer marketMan Utd's signing of Odion Ighalo could pave the way for an exodus of foreign stars. FMTNews Fooball Virus Health
Read more »
‘World is not ready for virus’Beijing: The Covid-19 epidemic has swelled after deaths soared in Iran and infections appeared in previously untouched countries, prompting dire warnings that the world was not ready to contain it.
Read more »
Indian poultry sales drop on virus rumors spread by social mediaOnline posts claiming chickens are linked to outbreak have battered the industry. FMTNews
Read more »
Amid virus, ride-sharing cars install added protection in ChinaOutbreak prompts Didi Chuxing drivers to put up plastic sheets between them and passengers. FMTNews ShareRide China Covid19 Coronavirus
Read more »
Dog belonging to Hong Kong Covid-19 patient tests 'weak positive' for virusMore tests will be conducted to see if the dog had really been infected with the virus or a result of environmental contamination of its mouth and nose.
Read more »
Singapore president, ministers to take 1-month pay cut over virusFrontline public officers battling the virus will be awarded a bonus of up to a month's pay. FMTNews Virus Singapore
Read more »