The traveling industry of Asia Pacific reign along with Hawaii are the victims of Japan’s disaster. Groups and individuals seem to be canceling their trips. Business travelers who are merely connecting in Tokyo are scrambling. This shut down in the Japanese aviation market could have a wider impact worldwide. According to an analytical report China’s air travel market is the most exposed with 23 percent of its international revenue comes through Japan travel. Taiwan and South Korea generate 20 percent of their international revenue from Japan related operations.
Hotel industry is suffering immensely. Resources say that April booking at a local hotel in Hawaii dropped 25 to 30 percent. With concern of radiation spreading beyond northern Japan has made the business travelling into a panic room leaving travelers petrified, forcing airlines to cut flights and leave travel agents to hustle for last minute changes.
Businesses that rescue corporate executives and business traveling seem to be anticipating a new wave of demand from clients. The nuclear threat meanwhile has triggered fear and anxiety amidst business travelers causing small businesses to suffer largely!
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