Tourists from China now account for over 15% of total short-term inbound travelers to Australia, as compared with just 4% in 2003, according to Moody's.
The coronavirus outbreak in China could "significantly affect" Australia's travel sector, particularly if restrictions are imposed on international travel to stem the virus' spread, according to Moody's.
The Sun Princess cruise ship arriving into Penneshaw on January 19, 2020 in Penneshaw, Kangaroo Island, Australia.The coronavirus outbreak in China could "significantly affect" Australia's travel sector, particularly if restrictions are imposed on international travel to stem the virus' spread, according to Moody's.
Authorities have said the current outbreak stemming from Wuhan, China has killed 17 people and infected nearly 600 others. The severe acute respiratory syndrome crisis killed about 800 people, mostly in China and Hong Kong, according to data from the World Health Organization.
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