Covid-19 Impact on tourism economy

ACI Europe and the European Travel Commission (ETC) are urging the EU to come up with more flexible state aid rules to provide assistance to airports and support air connectivity.

Covid-19 drove passenger traffic through Greece’s 14 regional airports down by 71.4 percent in 2020 against 2019, according to managing company Fraport Greece.

Turnover of the Greek hotel industry in 2020 dropped by 78% percent year-on-year to 1.83 billion euros, according to a new report by ITEP.

Oslo-based airline Norwegian will stop all long-haul flights and focus on creating a strong short-haul route network.

Air traffic to Greece in 2020 dropped to a record 30-year low of 19.7 million arrivals as a result of the Covid-19 pandemic, according to data of the Hellenic Civil …

Greece’s coastal shipping sector is up against a number of challenges ahead of the 2021 tourism season, according to a survey by IOBE.

Greece’s passenger shipping sector has been severely affected by the Covid-19 pandemic with lost revenue expected to exceed 300 million euros in 2020.

Tourism will continue to be a driver of the Greek economy by tapping into the knowhow it gathered after opening up to tourists during the pandemic, Greek Tourism Minister Harry …

Passenger traffic at Athens Airport dropped by 68.4 percent in 2020, compared to 2019, as a result of the Covid-19 pandemic and its impact on air travel.

UK low-cost carrier easyJet agreed to a new $1.87 billion 5-year term loan with a syndicate of banks which will boost liquidity in the aftermath of Covid-19.

Greek tourism professionals are expecting the season to open after May, depending on the vaccination rates for Covid-19 and the effectiveness of containment measures.

Τhe recovery in passenger demand came to a halt in November 2020, as governments responded to new Covid-19 outbreaks with severe travel restrictions, IATA said.

Demand for Airbnb short-term rentals in Athens plunged in 2020 due to the Covid-19 pandemic, driving revenue down by 80%, according to an EY report.

The coronavirus pandemic and its consequences wiped out 21 years of global passenger traffic growth in 2020, according to a report by global aviation data firm Cirium.

The European Commission has approved a second tranche of Italian aid in favor of Alitalia as compensation for operating losses due to the Covid-19 pandemic.

Greece will need to redesign its tourism strategy in order to address the Covid-19 impact and the subsequent new trends in travel and consumer behavior, according to a study by …

Describing their situation as “tragic” due to the negative effects of Covid-19, Greek travel agents are requesting immediate government support.

The UNWTO is calling on governments to do more to help tourism’s restart and show that safe international travel is not only possible but also essential.

This year has been catastrophic for travel companies with turnover down to 20 percent compared to 2019, ECTAA, the European Travel Agent and Tour Operator Association, said in a review …

The international cruise industry appears optimistic and ready to address the challenges of the new year ahead, CLIA says in its latest report.