Why did the tourism sector plummet?

The reasons for the sharp decline in the tourism sector are as follows.

1, the outbreak of COVID-19 epidemic has brought a huge impact on the tourism market and hit the market confidence. A large number of investors withdrew from the tourism sector, pushing the stock price to plummet.

This epidemic has affected the whole world. Countries have implemented city closures and blockades, and tourism has become one of the industries most affected by the epidemic, greatly reducing investors' confidence in tourism.

3. The implementation of new tourism policies at home and abroad, such as the announcement issued by the National Tourism Administration asking all localities to suspend their tourism business, led to the depression of investor sentiment in the tourism sector and led to a sharp drop in the stock market.