FEG Statement on COVID-19 Virus

Since January and the first news of the Coronavirus (COVID-19) outbreak in China, the whole world is constantly reporting, discussing and reading about the epidemic.

The virus is impacting all sectors, from higher education to retail, from hospitality to transportation and has particularly affected travel and tourism. Public safety concerns and travel restrictions, cancellations of high profile tourism events and cruise boat quarantines have seen a drop in movement of travelers. The full effects of the spread of the virus in the tourism market will not become apparent for months to come and are expected to continue in the next year.