Duty free retailers – and beauty and luxury brands in particular – are reeling from the speed at which Coronavirus (named 2019-nCoV) has impacted travel by the Chinese – the most important nationality when it comes to spending.
From fewer that 300 cases of 2019-nCov reported on 20 January (of which just four were outside China), confirmed infections have ballooned to just under 25,000 on Wednesday 5 February, according to John Hopkins University, just 16 days later.
This is already triple the total cases of SARS in 2003/4 which stood at 8,098.
That Coronavirus
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