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1.Market Observations, 8.Was Sticky

3 Feb 2020 (TheAge) – Tourism industry braces for billion-dollar hit from China travel ban

(3 February 2020, The Age, p8, By Chip Le Grand)

‘Australia’s hotels, restaurants, tourism operators and some of our most popular attractions face a combined $1 billion loss in revenue for every month the Chinese travel ban remains in force, with industry chiefs calling for a government rescue package to save jobs and businesses. The federal government’s blanket ban on Chinese tourists, announced four days after Beijing grounded Chinese group tours to Australia, has already caused an abrupt, mass cancellation of bookings on what is traditionally the busiest and most profitable time of the year for businesses that target the Chinese market.’

Read more at TheAge.com.au

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