{"id":106,"date":"2020-03-11T02:34:00","date_gmt":"2020-03-11T02:34:00","guid":{"rendered":"http:\/\/newsbites.hktdc.com\/?p=106"},"modified":"2021-01-22T10:21:05","modified_gmt":"2021-01-22T02:21:05","slug":"how-a-decline-in-tourism-affects-your-business","status":"publish","type":"post","link":"https:\/\/newsbites.hktdc.com\/trend\/how-a-decline-in-tourism-affects-your-business\/","title":{"rendered":"How A Decline In Tourism Affects Your Business"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"106\" class=\"elementor elementor-106\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-14e28cd9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"14e28cd9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-efdf100\" data-id=\"efdf100\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5d79bbb9 elementor-widget elementor-widget-text-editor\" data-id=\"5d79bbb9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\n<p>Tourism is an\nessential economic pillar for <a href=\"https:\/\/www.telegraph.co.uk\/travel\/maps-and-graphics\/Mapped-The-countries-that-rely-most-on-your-money\/\">many regions<\/a>. Given the outbreak of COVID-19, governments\naround the world have introduced compulsory quarantine periods for travellers\nfrom virus-hit countries (with some even <a href=\"https:\/\/www.thinkglobalhealth.org\/article\/travel-restrictions-china-due-covid-19\">mandating entry and exit bans<\/a> as well). <\/p>\n\n\n\n<p>Many\nrecreational and business travellers have cut back on flights due to the\ncontagiousness of the virus, lengthy quarantine procedures and altered flight\nschedules \u2013 resulting in declining revenue for not only the travel industry,\nbut related industries as well.<\/p>\n\n\n\n<p>Without steady\nflows of tourists, <a href=\"https:\/\/www.scmp.com\/news\/hong-kong\/hong-kong-economy\/article\/3051371\/coronavirus-hong-kong-hotels-facing-life-and-death\">hotel occupancy is shrinking<\/a>, and entertainment venues like <a href=\"https:\/\/www.scmp.com\/business\/companies\/article\/3049207\/macau-casino-operators-face-revenue-slump-analysts-pin-hopes\">casinos<\/a>, <a href=\"https:\/\/multimedia.scmp.com\/infographics\/news\/hong-kong\/article\/3048707\/red-numbers-ocean-park\/index.html\">theme parks<\/a> and other <a href=\"https:\/\/www.businessinsider.com\/coronavirus-photos-show-asia-tourist-hotspots-left-empty-in-outbreak-2020-2#after-the-market-is-still-open-but-visitor-numbers-are-down-sharply-13\">popular tourist attractions<\/a> are also suffering. Furthermore,\nlowered demand for flights means <a href=\"https:\/\/www.businessinsider.com\/airlines-canceling-flights-outside-of-china-amid-coronavirus-fears-2020-2#air-new-zealand-1\">fewer daily scheduled flights (if your\nroute hasn\u2019t been cancelled outright)<\/a>.\n<\/p>\n\n\n\n<p>For economies\nthat rely on tourist dollars, falling inbound arrivals have resulted in <a href=\"https:\/\/www.scmp.com\/business\/companies\/article\/3051083\/hong-kongs-retail-sales-could-sink-50-cent-city-shuts-out\">lower retail revenues<\/a>\u2013 which have knock-on effects all the\nway up and down the supply chain. Businesses may consider looking into\nvalue-for-money promotional gift ideas to increase awareness and hopefully\nsales. For example, promoters in Tokyo are now handing out free face masks to\npedestrians instead of packs of tissues to advertise their brands. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Tourism is an essential economic pillar for many regions. Given the outbreak of COVID-19, governments around the world have introduced compulsory quarantine periods for travellers &hellip; <\/p>\n","protected":false},"author":2,"featured_media":4801,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,3,2],"tags":[21,195,194],"class_list":["post-106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-covid-19","category-markets","category-trend","tag-covid-19","tag-tourism","tag-travel-industry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How A Decline In Tourism Affects Your Business - HKTDC Newsbites<\/title>\n<meta name=\"description\" content=\"Tourism is an essential economic pillar for many regions. 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Given the outbreak of COVID-19, governments around the world have introduced compulsory","og_url":"https:\/\/newsbites.hktdc.com\/trend\/how-a-decline-in-tourism-affects-your-business\/","og_site_name":"HKTDC Newsbites","article_publisher":"https:\/\/www.facebook.com\/hktdc.hk\/","article_published_time":"2020-03-11T02:34:00+00:00","article_modified_time":"2021-01-22T02:21:05+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2020\/03\/How-A-Decline-In-Tourism-Affects-Your-Business.jpg","type":"image\/jpeg"}],"author":"Admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Admin","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/newsbites.hktdc.com\/trend\/how-a-decline-in-tourism-affects-your-business\/#article","isPartOf":{"@id":"https:\/\/newsbites.hktdc.com\/trend\/how-a-decline-in-tourism-affects-your-business\/"},"author":{"name":"Admin","@id":"https:\/\/newsbites.hktdc.com\/#\/schema\/person\/727cdc36f994138ef9d942b3e7621d28"},"headline":"How A Decline In Tourism Affects Your Business","datePublished":"2020-03-11T02:34:00+00:00","dateModified":"2021-01-22T02:21:05+00:00","mainEntityOfPage":{"@id":"https:\/\/newsbites.hktdc.com\/trend\/how-a-decline-in-tourism-affects-your-business\/"},"wordCount":194,"publisher":{"@id":"https:\/\/newsbites.hktdc.com\/#organization"},"image":{"@id":"https:\/\/newsbites.hktdc.com\/trend\/how-a-decline-in-tourism-affects-your-business\/#primaryimage"},"thumbnailUrl":"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2020\/03\/How-A-Decline-In-Tourism-Affects-Your-Business.jpg","keywords":["COVID-19","tourism","travel industry"],"articleSection":["COVID-19","MARKETS","TREND"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/newsbites.hktdc.com\/trend\/how-a-decline-in-tourism-affects-your-business\/","url":"https:\/\/newsbites.hktdc.com\/trend\/how-a-decline-in-tourism-affects-your-business\/","name":"How A Decline In Tourism Affects Your Business - HKTDC Newsbites","isPartOf":{"@id":"https:\/\/newsbites.hktdc.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/newsbites.hktdc.com\/trend\/how-a-decline-in-tourism-affects-your-business\/#primaryimage"},"image":{"@id":"https:\/\/newsbites.hktdc.com\/trend\/how-a-decline-in-tourism-affects-your-business\/#primaryimage"},"thumbnailUrl":"https:\/\/newsbites.hktdc.com\/wp-content\/uploads\/2020\/03\/How-A-Decline-In-Tourism-Affects-Your-Business.jpg","datePublished":"2020-03-11T02:34:00+00:00","dateModified":"2021-01-22T02:21:05+00:00","description":"Tourism is an essential economic pillar for many regions. 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