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APAC airports to lose USD 3 billion in revenue: Airports Council Intl
At a time when world growth is projected to slow down further as the coronavirus (Covid-19) epidemic spreads across continents, a new report has suggested that the prolonged duration of the outbreak will significantly set back the airports in the Asia Pacific region from the previously forecast growth prospects and result in $3 billion revenue loss.
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New Delhi
According to the estimates of the Airports Council International (ACI) Asia-Pacific, the region is suffering the highest impact, with passenger traffic volumes down 24 per cent for the first quarter of 2020, compared to the forecast traffic levels.
Within the region, mainland China, Hong Kong SAR and South Korea remain at the centre of the effects with sizable losses in traffic volumes, the global airport grouping said in its report, adding that with the sharp spike in the number of Covid-19 cases in several countries in the Middle East, the traffic volume has gone down 4.2 per cent. “Against this gloomy background of sharp declines in traffic and passenger throughput, airports’ aeronautical revenues and non-aeronautical revenues are rendering similar declines,” ACI said.
Travel agents face 70-80 per cent cancellations
The Travel Agents Association of India has sought the Centre’s intervention to overcome challenges faced by the industry as tour operators have witnessed 70-80 per cent cancellation of bookings following the coronavirus outbreak, an official said. The industry body also urged the government to create a corpus for survival of the industry, the official said. “We have written to the tourism ministry for its intervention to resolve issues and concerns dealing with cancellations,” Travel Agents Association of India president Jyoti Mayal said.
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