Disney has closed its Shanghai and Hong Kong parks amid the spread of the coronavirus. Here’s how the outbreak could impact the entertainment industry.
, including the five patients who contracted the infection in China and brought it back to the U.S.
As the virus continues to spread throughout China and across borders, it's hitting businesses around the world. The municipal government of Shanghai issued a notice Monday ordering companies not to resume work after the Chinese New Year holiday until Feb. 3, instead of Jan. 31. As a result, the Shanghai stock exchange will remain closed until Feb. 3.
The travel sector is at substantial risk when public health threats like the coronavirus emerge, said CEO of the World Travel and Tourism Council Gloria Guevara, who was the tourism minister for Mexico during the H1N1 outbreak. Most of the consequences of an outbreak like this are caused by mismanagement, lack of communication and panicked responses, Guevara said. She pointed to the SARS outbreak of 2003 as one example, saying it cost the global economy between $40 billion and $60 billion and cost China 2.8 million jobs.
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