Covid-19 Impact on tourism economy

Greek airline company AEGEAN posted a loss of 187.1 million euros during the first nine months of 2020 as a result of the Covid-19 pandemic.

Greece’s tourism industry has felt the brunt of the Covid-19 pandemic and is expected to record losses of up to 66%, according to an ICAP study.

The ongoing Covid-19 health crisis drove inbound traffic to Greece down by 73.9% and travel receipts by 71.4% year-on-year in September.

Travel will start to pick up in 2021 but the sector is not expected to fully recover from the impact of Covid-19 before 2025, according to Phocuswright.

The Greek government and AEGEAN shareholders are awaiting Commission approval to inject €180 million to safeguard the pandemic-hit airline.

Greek hotel and F&B services providers saw turnover plunge in the third quarter of the year, hit hard by the Covid-19 crisis.

ACI Europe releases analysis showing no correlation between increased air passenger volumes and Covid-19 infection (positivity) rates in Europe during Q3.

During January-October 2020, passengers at Greek airports reached only 18.9 million, representing a 68 percent decline year-on-year.

Greece’s golden visa program has seen an impact due to the Covid-19 pandemic with the number of visas and residence permits having dropped significantly since the start of 2020.

European tourism experts and MEPs are calling for an EU-wide coordinated approach that will ensure the seamless restart of travel and tourism.

Athens Airport managed to show signs of resilience in the midst of the Covid-19 pandemic achieving a smaller third quarter (Q3) decline compared to other airports in the region.

Greek travel agents are seeking government support to shore up liquidity and cover operating costs amid the Covid-19 pandemic.

Athens, Thessaloniki and Heraklion were among the Top 10 cities in Europe showing resilience in Q3 in terms of international travel tickets, says ForwardKeys.

The Covid-19 impact on tourism jobs will be milder than expected thanks to domestic travel that has started to recover in some countries.

The Greek passenger shipping sector is expected to post over 300 million euros in losses this year due to the repercussions of Covid-19.

SETE President Yiannis Retsos is calling for the immediate implementation of EU funding tools to support tourism enterprises impacted by the Covid-19 pandemic.

The three global airline alliances – oneworld, SkyTeam and Star Alliance – are calling on international governments to act quickly to adopt testing protocols and digital “health pass” technology to …

The Covid-19 pandemic continued to have a negative effect on air travel to Greece in October, according to recent data from the country’s airports.

Greek hoteliers are claiming their businesses are at stake, after TUI issued contract amendments that will delay payment for accommodation booked at Greek hotels this year.

Representatives from all sectors of travel and tourism took part in the ITIC Investment Summit, held during WTM Virtual, to discuss ways to boost business recovery and restore traveller confidence.