Indian tourism suffers $500 million losses following coronavirus cancellations: IATO

The Indian Association of Tour Operators (IATO) has estimated that there could be losses up to $500 million because of cancellations from tourists from China and other countries due to the coronavirus outbreak. According to an estimate, more than 50,000 Chinese tourists were expected to visit during January-February and most of these bookings have now been cancelled, as India has blocked the entry of people from China and Hong Kong apart from many other countries. “We fear an immediate loss of up to $500 million as the coronavirus outbreak has hit the arrival of tourists from China, Hong Kong and neighbouring countries,” said Pronab Sarkar, President, IATO. He said losses for domestic tour operators would be much higher, as many outgoing local tourists to China and other countries were also cancelling bookings after the outbreak. “There is a panic in the tourism sector as thousands of bookings have been cancelled,” said E.M. Najeeb, Senior Vice President, IATO. He said foreign as well as domestic tourists were cancelling travel to Kerala.