Coronavirus

  • Contrasting coronavirus related transcript quotes.
  • We began to see the impact of the coronavirus on our business in mid-January with occupancy declines gradually spreading from Wuhan to other markets in the Asia Pacific region. In February RevPAR at our hotels in Greater China declined almost 90% versus the same period last year.” – Marriott International CEO Arne M. Sorenson
  • we’re seeing that many of the cities around China, people are actually going back to work. We’re seeing some of the shops in Beijing are opening up. When you’re going on the freeway now, you’re actually seeing traffic jams versus, say, two, three weeks ago, where the roads were pretty empty…we started seeing activity pick up a little bit two weeks ago. And then also, this week, we’re also seeing continued pickup.“- Baidu (BIDU) CFO Herman Yu
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