GVB: $8.5 million economic loss so far from coronavirus cancellations

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GVB spokesman Josh Tyquiengco said the number of cancellations as of last week is just over 14,000 and this includes travel packages, airline tickets, and hotel reservations.

The estimated financial loss to the island from the recent tourist cancellations is about $8.5 million, according to the Guam Visitors Bureau.

The number of cancellations as of last week is just over 14,000. GVB spokesman Josh Tyquiengco says that includes travel packages, airline tickets, and hotel reservations.

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“The economic impact based on the recent cancellations is about $8.5 million lost to the economy between February and April from just over 14,000 cancellations, so far. Again, this is all very preliminary,” Tyquiengco said.

Tyquiengco said GVB would have a better idea of the losses from all the cancellations by the end of February.

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