Flight bookings from the U.S. have stalled by 19.3% amid the coronavirus fears
, COVID-19 is making an outsized impact on the travel industry as the virus infects countries around the globe.United States outbound flight bookings stalled by 19.3%, according to a new report from travel analytics firm
. They analyzed year-over-year data from January 20th to February 23rd. After China, the US is world’s second largest outbound travel market.ForwardKeys attributes the drop in US outbound bookings in part to the huge decline in bookings to Asia Pacific region - a 87.7% drop as compared to last year. North East Asia - China, Japan, Taiwan, Mongolia, North Korea and South Korea - saw a 123.4% drop as compared to 2019.
The only area of the world that saw increased bookings from the US was Africa and the Middle East, with 1.3% growth.“Now it’s not just China but the world’s second largest and second-highest spending outbound travel market, the USA, which is stalling,” said Olivier Ponti, Vice President of Insights, . “With the high volatility of the market, the success of these [travel and luxury good businesses] will depend on their ability to take action the moment things start to recover.”
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