The effects of the coronavirus epidemic on the tourism industry are already being felt across Asia.
As far as the Philippines is concerned, Filipinos are foregoing travel plans, according to the Civil Aeronautics Board.
CAB executive director Carmelo Arcilla said the country’s major airlines are experiencing weaker demand for travel in Asia.
Arcilla said 30 percent of Cebu Pacific’s flights was affected by the coronavirus outbreak while more than half of Philippine Airlines and Air Asia Philippines flights were also affected.
The Philippines has imposed a temporary travel ban on visitors coming from mainland China, Hong Kong and Macau.
Arcilla also noted the increase in the number of no shows and bookings.
The Department of Tourism said the Philippines is projected to lose P42 billion in tourism revenues from February to April.
An initial assessment by the International Air Transport Association (IATA) showed a potential revenue loss of $27.8 billion foe carriers in the Asia-Pacific region this year.