The outbreak of the new coronavirus is expected to cut spending by foreign travelers to Japan by ¥981.3 billion ($9 billion), a private research firm said in a new report, raising its earlier estimate of a fall of ¥624.4 billion.

Resona Research Institute amended its forecast as it now expects the virus impact on inbound spending from February to be prolonged by one month through June. Its rapid spread, now across about 120 countries, has prompted curbs on travel and led the government to impose tighter border controls for Japan.

The institute estimated for the period between February and June that sales at department stores and drugstores, popular especially among Chinese visitors for duty-free products, will decrease by ¥397.6 billion. Revenues at hotels and inns are projected to shrink by ¥259.6 billion.