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Insights

advice for businesses in dealing with the expanding coronavirus events

Hospitality and Leisure Industry Considerations

March 16, 2020

By Rick S. Kirkbride & Sara B. Kalis With additional contributions from Eric Allendorf, Elena Baca, Michael Bradford, Stephen Harris, Derek Roth, David Viklund, Peter Weiner and Lauren Woods

A survey of more than 400 Global Business Travel Association (GBTA) member companies last week found that two-thirds of respondents reported cancelling meetings. The coronavirus (COVID-19) could cost the global business travel industry $47 billion in one month. The coronavirus has infected nearly 150,000 people worldwide and killed thousands. As of this writing, the United States and Puerto Rico have over 3,300 laboratory confirmed cases of coronavirus and at least 63 deaths caused by the virus, with a dramatic uptick in confirmed cases expected as testing becomes more widely available.