SARS Inflicts Nearly US$2bnn Loss on Beijing's Tourism

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Last updated at: (Beijing Time) Wednesday, June 18, 2003

SARS Inflicts Nearly US$2bnn Loss on Beijing's Tourism

Beijing is expected to suffer 16 billion yuan (1.9 billion US dollars) in losses to the tourism sector alone due to the impact of the Severe Acute Respiratory Syndrome (SARS).

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Beijing is expected to suffer 16 billion yuan (1.9 billion US dollars) in losses to the tourism sector alone due to the impact of the Severe Acute Respiratory Syndrome (SARS).

According to the latest survey conducted by the Beijing municipal statistics bureau, in the first five months of this year, overseas and domestic tourist arrivals in Beijing dropped by 480,000 and 8.7 million, respectively, generating losses as high as 11billion yuan (1.3 billion US dollars).

The losses are expected to slow down the city's economic growthby 1.4 percentage points.

Optimistic estimates based on the precondition that SARS is completely under control by the end of June, indicate that overseas tourist arrivals in Beijing will fall by 47 percent year-on-year in the first half of this year, leading to 650 million US dollars in losses.

The number of domestic tourists is expected to drop by 20 percent year-on-year in the first half of this year, generating an additional 10.6 billion Yuan (1.3 billion US dollars) in losses.

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