The COVID-19 188bet app download in early 2020 has impacted all walks of life，The tertiary industry is undoubtedly the hardest hit area。All tourism based on travel，Because the 188bet app download continues to be anxious，Pressed the pause button。

On the one hand，International 188bet app download have suspended flights to China on a large scale，Domestic 188bet app download’ flight cancellation rate exceeds 50%。Official data display，As of February 10th，Cumulative passenger transport volume during the Spring Festival travel rush: 3707.80,000 people，36 fewer than the same period last year during Spring Festival.4%。

On the other hand，The hotel 188bet app download has fallen off a cliff，STR preliminary data analysis shows，Hotel occupancy rates in mainland China fell by 75% between January 14 and 26, 2020，January 26，Occupancy rate dropped to 17%，On average, 8 out of 10 rooms are vacant。

“Many airlines regard the end of March as a node，Whether flights are resumed and the recovery situation depends on the development of the 188bet app download。Of course the hotel’s occupancy rate is also very low。"This has also affected the tourism market of several major surrounding destination countries for Chinese people to travel abroad，such as Thailand、South Korea、Japan, etc.。Lian Peikun, director of UBS Securities Research Department, said in an interview with the 21st Century Business Herald，“The second quarter is the traditional off-season，So let’s not have too high hopes，From the perspective of tourism，Let’s look ahead to this summer，Peak season of July and August，It may be a better time to recover。”

Whether it is an airline or a 188bet app download，Start self-rescue mode one after another，“People-oriented” and “cash is king” have become key words for “survive” and “get through”。

188bet app download self-insurance

Under the 188bet app download，China Southern Airlines’ market value evaporated by 13% in one week，The stocks of the three major airlines fell in response。Canceling flights becomes an act of “self-protection”。

According to Ctrip statistics，January 25th-February 1st only，The number of international flight cancellations has exceeded 7,500，Will continue to grow 188bet app download coming days。From the end of January to the present，Daily flight rate of domestic flights continues to decline，The flight cancellation rate once rose from 50% to more than 70%。Individual small airlines，The cancellation rate is even as high as 100%。

“Domestic airlines have basically canceled more than half of their flights，Adjusting every day，The number of cancellations also depends on current demand。There have been relatively few cancellations in the past few days due to returning flights during the Spring Festival，But we judge that after the return flight is completed，Cancellations may continue to rise in the second half of the week，Go in the direction of 60% to 70%。" Lian Peikun said，“In 2003，The valuations of listed airlines have fallen miserably。At the beginning of this 188bet app download，Many air travel-related stock price valuations have fallen to SARS levels，So it attracted some investors to start buying last week，But this does not mean that they have seen any improvement in the data，Just because the valuation is cheaper，Buy now and wait。From an investment perspective，Airline stocks may still be relatively depressed for at least the next two to three months。”

"In order to prevent and control the 188bet app download，The country adopts methods to reduce the flow of people and reduce personal contact，The demand for air transportation is suppressed by others。Severe drop in demand forces airlines to cut capacity，Significant flight reduction is necessary，It is also necessary to ‘industry self-protection’。" Civil aviation industry expert Qi Qi told the 21st Century Business Herald，“Whether the impact on listed airlines is short-term，We must also pay close attention to the control of the 188bet app download。But overall it will have a short-term impact on state-owned airlines、The mid-term is still limited。When pressure on performance and profitability has a huge impact，Does not rule out the possibility of another capital injection。”

The "self-protection" of the hotel industry is more reflected in the fact that major hotel groups have released free cancellations、Reduction of franchisee management fees、Various financial support programs and 188bet app download prevention and control measures。

February 2，Ji Qi, founder of Huazhu Group, called on franchisees to "overcome difficulties in an internal email，Stay open for business”，“First, the guests need us，Second, there are no special circumstances，We are a 365-day 188bet app download，This is the characteristic of our 188bet app download，The current difficulties will not lead to closure。You can negotiate with the landlord for free rent、Rent reduction，At least we can negotiate a moratorium on rent payment。”

Also，Major hotel groups still have some "rigorous needs" during the 188bet app download，According to Ji Qi，During the SARS period in 2003, “there was a store that received medical team members，The occupancy rate reaches more than 70%，It is the only profitable hotel among the three stores”。

According to InterContinental Hotels Group，Its subsidiaries include Wuhan InterContinental Hotel、Three hotels including Crowne Plaza Wuhan Bohe received medical teams from all over the country to assist Wuhan。Wuhan InterContinental Hotel urgently recalled 190 employees，Implement 188bet app download prevention work deployment、Complete hotel cleaning and disinfection。

Marriott told 21st Century Business Herald，To receive Shanghai、Army and other medical assistance teams，Wuhan Zhuoer Marriott 188bet app download contacted various suppliers to coordinate additional purchases and delivery matters on New Year’s Day to alleviate the 188bet app download’s material shortage。Marriott International’s purchasing system support、The support of sister hotels solved the problem of 188bet app download disinfection supplies、Supply of urgently needed supplies such as masks。

Waiting for “rebound”

Considering the continued impact of the 188bet app download on the economy，Every industry can’t help but use the SARS data in 2003 as a reference。

Bain mentioned in the 188bet app download report released on February 11，According to statistics，The impact of SARS on GDP is short-term，In the second quarter of 2003 which was most affected，GDP growth rate from 11.1% dropped to 9.1%，But it quickly rebounded to 10% in the third and fourth quarters，Finally formed a negative impact of about 1%，And it does not affect the next year。

The tertiary 188bet app download in the hardest-hit areas，The growth rate of transportation 188bet app download fell by 5.4%，The accommodation and catering 188bet app download and the financial 188bet app download both fell to 3.6%；The secondary 188bet app download is also greatly affected，The industrial and construction sectors fell by 2% and 1% respectively.7%；Agriculture is relatively stable，The increase dropped by about 1%。

Although severely injured，The recovery speed is also very fast。Includes transportation、Accommodation and catering、Industry and other industries，After the SARS 188bet app download ended, it immediately returned to a relatively reasonable level，Including financial services、Education、Industries such as culture and entertainment will not fully recover until the fourth quarter or even next year。

Qi Qi thinks，“The COVID-19 188bet app download and SARS are not the same thing。China’s civil aviation supply has increased significantly in the past 17 years，The basic demand for civil aviation transportation during the two epidemics is almost the same，But the cost of capacity being squeezed out due to insufficient demand twice is extremely different，At this stage, domestic airlines still spend a lot of money on various fixed costs every day。Three major airlines，Should shoulder the national mission，Guarantee basic civil aviation transportation security during the 188bet app download regardless of profits。Not the three major airlines，To shrink，Reduce flights、Retirement of aircraft、Planned maintenance, etc. to reduce supply，Seize cash flow，Just survive the winter。Also recommended，Industry management departments must act decisively in terms of flexibility in policy implementation，Maintain the allocation of core 188bet app download resources，To avoid excessive loss of the market’s ability to allocate resources in the civil aviation transportation sector after the 188bet app download。”

Preliminary predictions from multiple institutions，The new coronavirus 188bet app download will cause losses of approximately 300 to 500 billion yuan，Higher than the loss of about 100 billion yuan during the SARS period。

Bain also gave strategies such as “people first” and “cash is king” 188bet app download report。Ensure employee safety and health，Controlling cash flow and costs is the key for enterprises to overcome difficulties。

Ji Qi revealed 188bet app download above-mentioned email that "under normal circumstances, the labor cost of front-line store employees is about 6,000 yuan per month，100,000 employees，That’s 600 million per month”，But "will not respond to the crisis through layoffs and salary cuts。The most important thing is to manage cash flow。When turnover drops，When various expenses, especially employee salaries, still have to be paid，Managing cash flow is extremely important。The largest capital expenditure is labor，The second is rent”。

*Source 188bet app download: 21st Century Economic Report, author: Lu Shan，original labelTitle: "Tourism under the 188bet app download: airlines grounded、Hotel self-help， Cash is King、Waiting for rebound》.