The global business travel sector is expected to take a revenue hit of about $820 billion, with China accounting for nearly half of the losses, as corporations curb travel plans in the face of the coronavirus epidemic, according to the Global Business Travel Association. Business travel to Asia has been the worst hit, with at least three out of every four companies reporting they have canceled or suspended all or most business trips to China, Hong Kong, Taiwan and other Asia-Pacific countries. The industry group’s latest estimate is sharply above its February forecast of a $560 billion hit. Scott Solombrino, COO, said the coronavirus is significantly impacting the business travel industry’s bottom line. He said the impact to the industry “cannot be underestimated.”