Coro­n­avirus im­pact

Travel Daily - - News -

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.

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