Japan may face $1.29 billion in tourism revenue due to COVID-19 outbreak

Published on : Monday, February 17, 2020

According to an estimate by a U.N. agency, Japan could lose $1.29 billion in tourism revenue in the January-March period due to international flight restrictions stemming from the new coronavirus epidemic.  The International Civil Aviation Organization (ICAO) attributed the estimate to the reductions in Chinese air travellers, with the Chinese city of Wuhan being at the center of the outbreak.


Japan is followed by Thailand at $1.15 billion. The Montreal-based ICAO reported some 70 airlines have cancelled all international flights to and from mainland China, and that a further 50 airlines have curtailed related air operations.


This has resulted in an 80 percent reduction in foreign airline capacity for travelers flying directly to or from China.


The preliminary forecasts of ICAO indicate a reduction of 16.4 million to 19.6 million passengers compared to what airlines had projected for the first quarter of 2020. The economic impacts of the new coronavirus, known as COVID-19, are expected to be greater than those caused by the 2003 SARS (severe acute respiratory syndrome) epidemic in light of the higher volume and greater global extent of the flight cancellations being observed. The reduction of passengers equates to a loss of $4 billion to $5 billion in gross operating revenues for airlines worldwide.



The COVID-19 outbreak has killed more than 1,600 people and infected over 68,000 in mainland China alone.


(No Like Yet)

Related Posts

Tags: , , , , ,

Comments are closed.

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo


  • 03 ITB Asia 2021
  • 08 iitm 2021
  • 12 ITE Hong Kong 2020
  • 12 ttfotm 2021
  • 15 MENA 2021
  • 18 globalwellnesssummit  21
  • 30 PATA



      October 1 - October 3
    2. ILTM Latin America

      October 26 - October 29
    3. MATKA 2021

      Jan 20, 2022 - Jan 23, 2022
    4. BLTM

      Feb 14, 2022 - Feb 15, 2022
Get our toolbar!
Review www.travelandtourworld.com on alexa.com