The virus also comes as Chinese are expected to make about 3 billion trips for the Lunar New Year that officially kicks off Friday.
A man wearing a protective mask takes pictures on the promenade of the Bund along the Huangpu River in Shanghai on January 21, 2020.'s new coronavirus turns into a prolonged outbreak, the country's travel and leisure industry will likely be among the hardest hit.first emerged in late December in the city of Wuhan, about 700 miles south of Beijing. At least nine people have died from the disease.
more than 400 cases, primarily in China, but other countries have also reported the illness, including theIt's unclear how threatening the virus ultimately is, but the acceleration of the outbreak has evoked fears of another epidemic similar to the severe acute respiratory syndrome, or SARS, which broke out in late 2002 in China.
"Valuations of tourism companies de-rated 20-50% from peak to trough between February and June 2003," Lin said.
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