Japan may lose $1.3 bil. in tourism revenue due to virus outbreak

Japan could lose $1.29 billion in tourism revenue in the January-March period due to international flight restrictions stemming from the new coronavirus outbreak, according to an estimate by a U.N. agency.The International Civil Aviation Organization, or ICAO, attributed the estimate to reductions in Chinese air travelers, with the central China city of Wuhan being at the center of the outbreak.Japan is followed by Thailand at $1.15 billion.The Montreal-based ICAO reported some 70 airlines have cancelled all international flights to and from mainland China, and that a further 50 airlines ha…READ FULL ARTICLE