Folks stroll via a sparse worldwide departure terminal at John F. Kennedy Airport as concern over the coronavirus grows on March 7, 2020 in New York Metropolis.
Spencer Platt | Getty Photographs
The U.S. journey and tourism business might lose a minimum of $24 billion in international spending this 12 months due to the quickly spreading coronavirus, in accordance with knowledge produced by Tourism Economics and first seen by CNBC.
That may be equal to about seven instances greater than the business misplaced through the SARS outbreak in 2003, in accordance with the information.
Tourism Economics, which tracks all journey spending – together with on resorts, eating places, theme parks and sights – based mostly its projections on the idea that the coronavirus could be contained in six months. Foreigners usually spend round $256 billion on U.S. journey and tourism a 12 months.
The World Well being Group formally dubbed the novel coronavirus, referred to as COVID-19, a worldwide pandemic on Wednesday. There have been greater than 124,000...
Supply cnbc.com
