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Coronavirus to rob business travel sector off $820 bn: Industry body

Business travel to Asia has been the worst hit, with at least three out of every four companies reporting they have canceled or suspended all or most business trips to China

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business travel | Coronavirus

Reuters 

The global business travel sector is expected to take a revenue hit of about $820 billion, with China accounting for nearly half of the losses, as corporates curb travel plans in the wake of the coronavirus epidemic, an industry body said on Tuesday. Business travel to Asia has been the worst hit, with at least three out of every four companies reporting they have canceled or suspended all or most business trips to China, Hong Kong, Taiwan and other Asia-Pacific countries, according to a survey by Global Business Travel Association (GBTA). The industry group's latest estimate ...

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First Published: Wed, March 11 2020. 11:53 IST
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