Covid-19 Impact on tourism economy

The Greek Tourism Ministry is planning additional actions to further enhance the tourism promotion of the northeast Aegean island of Chios.

Aviation is critical for the Greek economy and the International Air Transport Association (IATA) refers to solutions that are needed to ensure that the industry recovers from the Covid-19 crisis.

A new surge in Covid-19 cases and the reintroduction of travel restrictions have halted European tourism recovery with arrivals set to be down by 61% in 2020, says ETC.

A new forecast released by Eurocontrol shows that air traffic in Europe is not expected to reach 2019 levels until at least 2024.

The European Commission revised down its initial growth forecast for Greece to 9% percent in 2020, due to the impact of the pandemic on tourism and exports.

The European Commission has downgraded its 2021 growth forecast as one by one member states enter second lockdowns due to the Covid-19 pandemic.

ACI Europe is calling for an EU Recovery Framework for Aviation and for governments to provide the requisite funding to support airports.

A second wave of Covid-19 and consecutive lockdowns across Europe have driven air demand in September down by 82.5% against 2019, says IATA.

Greece may possibly see its tourism industry recover from the Covid-19 crisis from the second half of 2021, according to SETE President Yiannis Retsos.

Global tourism will take at least 3-5 years to recover from Covid-19, but players are finding innovative ways to survive the crisis, according to Euromonitor International.

UK package holiday specialist Jet2 has suspended all flights and holidays to Crete and Rhodes in Greece until 2021, due to Britain’s Covid-19 lockdown.

Hotels in Thessaloniki may suspend operations following the lockdown imposed on the city as part of Covid-19 management efforts.

Hotels in Greece saw revenues nosedive through the end of September 2020 as a result of restrictions to curb the spread of Covid-19.

Travelers believe they will be more price-conscious when searching and planning a future trip in the Covid-19 era, according to a recent study.

Potential travelers still have their sights set on Greece in the coronavirus era, according to data released by digital travel solutions provider Sojern.

A new round of month-long measures aimed at curbing the resurgence of Covid-19 in Greece, will be announced by Greek PM Kyriakos Mitsotakis on Friday.

The return of air travel to normality is one of the factors that Greek tourism’s recovery from the Covid-19 crisis depends on, according to analysts.

Despite the implications of the Covid-19 pandemic, Greece has managed to protect jobs in the second quarter of 2020, according to Eurostat data.

The UNWTO foresees a rebound in international tourism next year, mostly in the third quarter of 2021.

Arrivals to Greece by road in the first nine months of 2020 dropped by 76.1% and reached only 2.5 million compared to 10.3 million during January – September 2019.