Covid-19 Impact on tourism economy

As part of its Global Hub initiative, WTM on May 7 will host an online session to reveal what travelers around the globe are really thinking.

Greek national carrier AEGEAN is hoping for government support after it suffered massive losses due to the Covid-19 outbreak.

The European Commission has approved a 7-billion-euro French aid measure to Air France for the company to obtain urgent liquidity in the context of the Covid-19 pandemic.

The Greek tourism sector is moving forward together, more united than ever, “in an unprecedented crisis”, the Greek Tourism Confederation (SETE) said.

“Millions who have put their trust and future in the capacity of tourism to create jobs are at stake… we must ensure the protection of a sector that has brought …

More than half of Greeks say they are willing to accept a vacation discount coupon to go on holiday at a Greek destination, as part of efforts to stimulate domestic …

The Covid-19 pandemic has prompted all destinations worldwide to introduce restrictions on travel, research by the UNWTO has found.

Two state-owned banks in South Korea will give up to 1.2 trillion won ($971 million) in liquidity to Korean Air Lines to support the company during the Covid-19 pandemic.

Tripadvisor has announced a workforce reduction that will impact more than 900 employees, due to the effects of the Covid-19 pandemic on its business.

Greek hoteliers have requested for the temporary suspension of short-term rental leases for private properties, citing reasons of public health due to Covid-19.

Condor will receive a state-guaranteed loan of 550 million euros as Covid-19 aid and to fully refinance the bridging loan it received following the insolvency of Thomas Cook.

The Covid-19 health crisis is forecast at leading to a 52 percent decline in the number of passengers to Greece this year, according to IATA.

The travel and tourism sector faces a staggering 100 million job losses due to the Covid-19 pandemic, says the World Travel & Tourism Council (WTTC).

A growing number of Airbnb hosts around the world have deleted their Airbnb listings and turned to long-term leasing, says GlobalData.

Lufthansa Group is in intensive negotiations with the governments of its home countries regarding various financing instruments to sustainably secure its solvency in the near future.

SETE President Yiannis Retsos has referred to necessary requirements for Greek hotels to open and operate following their temporary closure due to the Covid-19 pandemic.

The coronavirus pandemic, that has led to lockdowns Europe-wide, is now posing a serious risk to private sector employment, according to a McKinsey report.

International air passenger totals could drop by as many as 1.2 billion travelers by September 2020 due to the Covid-19 pandemic, according to the UN’s civil aviation agency ICAO.

The WTTC is calling upon G20 tourism ministers to lead a united and coordinated recovery for the Travel & Tourism sector out of the Covid-19 crisis.

Accommodation facilities in the South Aegean Region have suffered the largest blow due to the coronavirus outbreak, says the Hellenic Statistical Service.