Coronavirus impact: Nutrition retailers hit by drastic cut in China tourist numbers
The ongoing COVID-19 outbreak had affected a number of nutrition retailers which relied on Chinese tourists as a key revenue stream, with some putting on hold new plans and adopting a ‘wait and see’ approach.
The 2019-nCov Coronavirus, which originated from the Chinese city of Wuhan, has crippled the outbound tourism industry, with China’s Ministry of Culture and Tourism issuing a ban on its citizens from booking overseas tours and purchasing overseas flights and hotel packages.
The cut in the number of Chinese tourists has affected the business plans of some health and nutrition products retailers.
Speaking to NutraIngredients-Asia, Australian daigou specialist REACH China, which sells a range of dietary supplements, foods, and personal care products, said it would need to defer its opening of its retail stores.
