What is the impact of the COVID-19 epidemic on tourism?

As we all know, tourism relies heavily on holidays, especially the Golden Week. Affected by the epidemic, tourism and entertainment were seriously damaged during the Spring Festival holiday and the May Day Golden Week this year. Four days after the year, the scenic spots and tourism sectors fell by -9.56%. It can be seen that the impact of the epidemic on tourism is in line with market expectations. Some entertainment venues have begun to lay off employees collectively, resulting in a group of workers losing their jobs. Due to the direct impact of the Spring Festival and the May Day Golden Week, this year's holiday may be shortened, and the impact of the epidemic on tourism will be more profound, and it will be gradual throughout the year. What is the impact of COVID-19's popularity on tourism?

If the tourism industry loses or exceeds one trillion yuan, tourist attractions and amusement parks will collectively stop.

1, Travel Agency: The epidemic situation has accelerated the deterioration of the industry and forced changes.

There are not many strategic liabilities of light assets, but the travel agency industry is entering a recession, and this epidemic will accelerate the elimination and transformation of travel agencies. During the epidemic period, nearly 40,000 travel agencies in China, with10.3 million tour guides, faced with survival problems. The income elasticity of tour guides is large, basically relying on price increases, and the income has dropped significantly in the past six months.

2. Sightseeing places: large-scale sightseeing places are resistant to risks, but their long-term impact cannot be ignored.

Many tourist destinations belong to state-owned enterprises and large enterprises, which have suffered serious losses, but they still have certain ability to resist risks. In recent years, various towns and entertainment cities where real estate enterprises have expanded rapidly have higher creditor's rights and greater risks. The epidemic may accelerate the sale and reorganization of this resource. For example, HNA was in debt trouble, and its innovation fell-16.34% within four days of opening.