AUSTRALIAN airports could soon endure a significant drop in passenger volumes in the face of China’s coronovirus outbreak.
A note by Moody’s Investor Service Senior Vice President Arnon Musiker indicated the visitor impact could be greater than the SARS outbreak in 2003 because China is now a far bigger source market.
“Chinese travellers now account for over 15% of total short-term inbound arrivals compared to 4% in 2003,” he said.
“Passenger volumes between Asian destinations - particularly China - and Australia could be significantly affected over the next two-three quarters”.
MEANWHILE, China has halted flight and train services out of Wuhan to help contain the outbreak of the virus.