The spread of the coronavirus has raised concerns over the prospects of Asia's most popular destinations including Thailand, Japan and South Korea.
At least 61 people onboard a cruise ship off Japan have tested positive for the coronavirus; Hong Kong Airlines will cut 10% of its workforce.
Formula One's Shanghai Grand Prix is in jeopardy amid growing fears over the coronavirus; Tokyo Olympic organizers worried the virus outbreak could "pour cold water" on the upcoming games.
Hong Kong will quarantine tourist arrivals from mainland China; at least two Asian airlines have asked their staff to take unpaid leave.
Indonesia decided on imposing China travel ban to prevent virus from spreading; Macao casinos to close for 2 weeks.
More than 25,000 flights to, from and within China will be canceled this week; online travel stocks fell as more countries limit travel to and from China.
The toll on travel and hospitality could be worse than during the SARS epidemic when Chinese travelers were a smaller group than they are today.
Airlines and major hotel chains are waiving cancellation fees, but recouping all the costs associated with trips canceled due to coronavirus fears is far from guaranteed.