Covid-19 Impact on tourism economy

Economic and safety concerns will delay the return of passengers to air travel after the Covid-19 pandemic, the International Air Transport Association (IATA) says.

Greece and Switzerland appear to be on people’s minds despite the lockdowns due to the Covid-19 pandemic, according to the latest data by travel solutions provider Sojern.

Austria’s travel magazine T.A.I. said that Greece was among the first outbound destinations of choice this summer for Austrians, before the Covid-19 pandemic.

Virgin Australia has entered voluntary administration due to the impacts of the ongoing Covid-19 pandemic.

Ninety-six percent of all worldwide destinations, as of 6 April, have introduced travel restrictions in response to the Covid-19 pandemic, according to the UNWTO.

Greece’s coastal shipping sector will need a monthly cash injection of up 30 million euros to survive the repercussions of the Covid-19 pandemic, says a study by XRTC.

Destinations with effective health systems and enforcing stringent hygiene regulations will win over future travelers after the Covid-19 pandemic, says a new study by the OpenTourism group and the University …

The International Monetary Fund (IMF) is forecasting that the Greek economy will contract by 10% this year as a result of the Covid-19 outbreak that has devastated the world.

Airline passenger revenues may drop by $314 billion in 2020 due to the Covid-19 crisis, according to an updated analysis by IATA.

The total estimated loss in turnover for Greece’s hotels in 2020, due to Covid-19, has been estimated at some 4.5 billion euros, the latest report of ITEP reveals.

The Covid-19 pandemic is expected to impact Greece’s tourism sector more than in any other Eurozone country, according to The Economist.

Amid the Covid-19 pandemic and its impact on tourism, Greek research body INSETE looks into previous recovery times for the industry after a crisis.

Passenger traffic at all airports in Greece in March was down by 59 percent due to the Covid-19 pandemic, according to the Hellenic Civil Aviation Authority.

Europe’s airports lost 106 million passengers in March due to the Covid-19 outbreak, according to figures released by ACI Europe.

Celestyal Cruises, which offers cruises to the Greek Islands and the Mediterranean, has extended the suspension of its operations to June 29.

TUI AG has signed a state-aid bridging loan for 1.8 billion euros with the KfW, Germany’s state-owned development bank, to cushion the unprecedented effects of the Covid-19 pandemic.

The world’s economy is expected to shrink by 2.5 percent in 2020, hit by the coronavirus pandemic, the Economist Intelligence Unit (EIU) estimates.

IATA CEO Alexandre de Juniac has underlined the challenges for the “next day” after the coronavirus, which includes adapting the airline industry to post-Covid-19 realities.

Airlines are allowed to delay payment of February’s air traffic control charges to November 2020, with payments for March, April and May delayed to 2021.

The Lufthansa Group has decided on extensive measures to reduce the capacity of flight operations long term, as a result of the Covid-19 crisis.