COVID-19 coronavirus impact on airline capacity from China 2020, by market
Due to the coronavirus COVID-19 outbreak, many airlines had stopped their scheduled flights to China. From January 20 to February 3, 2020, the number of flight seats from China to Singapore saw a decrease of 38.2 percent, the largest drop among all travel markets. Thailand followed in second place, losing over 104 thousand seats during this period.
International airlines are struggling
The pandemic severely disrupted the global aviation industry. Before the coronavirus crisis, Chinese outbound travel was estimated to increase in various countries during the Chinese New Year holidays. As of early February, flight bookings from China to worldwide regions for March and April registered drastic declines from the same period in 2019. As the virus spread swiftly across the globe, the plunge in flight ticket transactions in China continued through April. Industry experts expected that the pandemic could dampen the demand for global air travel for the whole year of 2020.
The devastating effects on Chinese tourism
Besides the travel sector, the hotel business was also massively affected. As the epidemic became under control in the country, most of the hotels re-opened, however with a low occupancy rate at the end of March, 2020. The home-sharing giant Airbnb reported significant losses in the market. The outlook of Chinese domestic tourism sector is full of uncertainty, yet a loss of 20 percent in revenue for 2020 has been expected.
International airlines are struggling
The pandemic severely disrupted the global aviation industry. Before the coronavirus crisis, Chinese outbound travel was estimated to increase in various countries during the Chinese New Year holidays. As of early February, flight bookings from China to worldwide regions for March and April registered drastic declines from the same period in 2019. As the virus spread swiftly across the globe, the plunge in flight ticket transactions in China continued through April. Industry experts expected that the pandemic could dampen the demand for global air travel for the whole year of 2020.
The devastating effects on Chinese tourism
Besides the travel sector, the hotel business was also massively affected. As the epidemic became under control in the country, most of the hotels re-opened, however with a low occupancy rate at the end of March, 2020. The home-sharing giant Airbnb reported significant losses in the market. The outlook of Chinese domestic tourism sector is full of uncertainty, yet a loss of 20 percent in revenue for 2020 has been expected.
