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It looks like the high stakes that casino operators have to put into Japan's integrated resorts scene sustain tourism after the Tokyo Olympics, now postponed due to the global coronavirus epidemic. Support Skift's Work Tourism's Healing Ways in Japan Show the Flip Side to the Travel Backlash.


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While the historic center is a ghost town, ordinary Romans are shopping and going about their daily lives. United announces big cuts to flight schedules over coronavirus March 4, Let our news meet your inbox. The fallout has left peak tourism season in tatters, with airlines, hotels, casinos, tourism offices and booking agencies scrambling. Now those expectations are muddied. China, where the outbreak originated and where the most cases have been reported, makes up a significant portion of sales for hotel and travel companies: Casino and resort company Las Vegas Sands earns 90 percent of its income in China, Wynn Resorts earns 73 percent of its income there, and Hyatt said China makes up 11 percent of its total fees. That is in part because of the global nature of the virus and how flights have become more intercontinental, where one flight may have stopovers in one or two countries before reaching its final destination, according to Harteveldt. News Business World Pride Podcasts. Annie Ojile, founder of private tour company Scooteroma, based in Rome, has been trying to organize local business owners to communicate that it is business as usual. The number of open airline seats increased by 1. United Airlines announced Wednesday that it will decrease its North American flights by 10 percent in April and its international flights by 20 percent , with reductions likely to continue through May. Follow NBC News. Carnival Corporation shares have fallen by about 56 percent since the beginning of the year after multiple infections and a number of fatalities from the coronavirus aboard one of the company's ships, the Diamond Princess. Breaking News Emails Get breaking news alerts and special reports. The hit to the travel sector comes after a decade of growth following the financial crisis of Between and , U. Claire Atkinson.{/INSERTKEYS}{/PARAGRAPH} Lufthansa grounded planes, and Cathay Pacific slashed around 75 percent of its flights. While the company had been struggling financially for a while, the impact of the virus proved the final blow. Bureau of Transportation statistics. Moving into , world trade growth was expected to increase to 3. Still, the travel industry is confident that consumer interest will bounce back. The news and stories that matters, delivered weekday mornings. Booking Holdings, which owns Booking. The broad range depends on how extensive global reaction is to the disease. The news and stories that matter, delivered weekday mornings. Leticia Miranda. A growing list of multinational companies from Google to Walmart have announced plans to restrict "nonessential" travel for employees, and one trade conference after another has had to cancel either because of local government efforts to contain the virus or for lack of clients who are able to travel. Norwegian Cruise Line shares have fallen by about 40 percent during the same time. {PARAGRAPH}{INSERTKEYS}The Italian tourism industry is in rapid retreat, the result of government lockdowns and a slew of travel warnings against visiting that nation , which has struggled to contain the coronavirus. Shares for major cruise lines and airlines have tumbled as well. Travel demand through is expected to decrease by 5 percent in North America, 10 percent in Europe, and 25 percent in the rest of the world compared to last year, according to Dan Wasiolek, a senior equity analyst for Morningstar. In the United Kingdom, low-cost airline Flybe said it was ceasing operations, citing the large number of coronavirus cancellations.