Covid-19 Impact on tourism economy

SETE President Yiannis Retsos reviews the impact of Covid-19 on Greek tourism and refers to ways the sector could try to bounce back from the setbacks caused by the pandemic.

The Greek economy is expected to suffer a blow once the Covid-19 pandemic subsides, due to its heavy reliance on tourism, according to the OECD.

The operation of the first waterway network in Greece, set to link the Ionian islands, has been deferred to 2021 due to the effects of the Covid-19 pandemic.

Europe’s aviation stakeholders are ringing alarm bells calling on EU lawmakers to take action now and protect the industry as the Covid-19 crisis pushes ahead.

Emirates has received approval to carry passengers outbound from the UAE to some destinations in Europe as of April 6.

Lufthansa, SWISS and Austrian Airlines are changing their ticket fare structure, aiming to create even more flexibility for their customers.

The spread of Covid-19 will have a significant impact on growth in Greece, with recovery after the crisis subsides expected to be slower, according to a study by ING.

Global air passenger traffic in February 2020 experienced its steepest decline in demand since 9/11, according to IATA.

IATA’s CEO explains to travel agents the association’s “flexible approach” to BSP payments, due to the Covid-19 pandemic, and informs that it considers travel vouchers as “the best answer” instead …

Lufthansa is extending its returnee flight schedule until May 3, due to the continuing travel restrictions.

Airlines may burn through $61 billion of their cash reserves during the second quarter ending 30 June 2020, if governments do not step in with aid, says IATA.

Passenger traffic at Athens Airport dropped by 61.3 percent in March 2020, compared to the same month last year, as a result of the COVID-19 pandemic and its impact on …

Wyndham Hotels & Resorts has announced a series of cost cutting measures that will affect the hotels and resorts operating under its management worldwide.

In the last seven days some 20 million scheduled seats were cut by airlines globally, according to OAG Aviation Worldwide.

Half of all Greeks believe they will at some point contract the Covid-19 virus with a large percentage calling for stricter measures, according to a study by Interview.

Despite the coronavirus crisis, the interest for travel appears strong for January 2021, according to a study by travel marketing solutions provider Sojern.

Airbnb has announced that it will pay $250 million to hosts all over the world to help cover the cost of Covid-19 cancellations.

International tourist arrivals could drop by 20 to 30% in 2020, when compared with 2019 figures, due to the coronavirus, says the UNWTO.

Travel disruptions, insecurity and the inability to make business decisions, are the main problems Greek businesses are facing due to Covid-19, the American-Hellenic Chamber of Commerce (AmCham) says.

EasyJet has grounded its entire fleet of aircraft, following country lockdowns and travel restrictions imposed across its network due to the coronavirus pandemic.