Covid-19 Impact on tourism economy

Six Greece-based airlines are calling for immediate financial backing in order to remain above water in view of plummeting traveler flows due to the coronavirus pandemic.

Europe’s airlines stand to lose over 76 billion dollars in revenues in the aftermath of the COVID-19 pandemic, IATA says and calls on governments to take immediate action.

The impact of the coronavirus health emergency on global tourism is expected to last throughout the year, according to a study by the OECD.

Travel giant TUI received the approval of the German government for a bridging loan of 1.8 billion euros from the KfW, to cushion the unprecedented effects of the coronavirus pandemic.

The majority of Greeks expect the repercussions of the coronavirus pandemic to negatively impact business activity in Greece.

Up to 75 million jobs are at immediate risk in global Travel & Tourism due to the coronavirus pandemic, according to the World Travel & Tourism Council (WTTC).

Qatar Airways has informed that it continues to operate four weekly flights to Athens in its effort to help get people home to their loved ones.

Athens’ Grande Bretagne and King George hotels have temporarily suspended operations due to the spread of the Covid-19 virus in Greece.

A return flight schedule has been put in effect for the airlines in the Lufthansa Group, which is valid until April 19.

Ryanair will ground most of its aircraft in the coming weeks but will continue to provide repatriation flights for many EU governments amid the COVID-19 crisis.

The duration of the coronavirus pandemic will be the decisive factor for the Greek tourism industry’s comeback, according to the Bank of Greece (BoG).

Greece’s tourism revenue was on an upward trend in January, before the coronavirus health crisis hit the country, recording a 24.4 percent rise.

Passenger traffic on Greece’s coastal shipping transport services significantly decreased by 76.25 percent between March 16-22.

The passenger revenues of the air transport industry for 2020 could plummet $252 billion or 44% below 2019’s figure due to the Covid-19 pandemic, according to IATA’s new estimate.

Emirates will temporarily suspend most of its passenger operations by March 25 and retain flights to only 13 countries to support the repatriation of travellers.

Singapore Airlines is grounding 138 aircraft out of a total fleet of 147, given the further tightening of border controls around the world due to the Covid-19 outbreak.

Global air travel is among the industries hardest hit by the coronavirus pandemic, according to recent data by OAG Aviation Worldwide.

The Greek Shipping Ministry is examining the possibility of reducing Greece’s ferry schedule frequency due to declining demand.

AEGEAN has announced the temporary suspension of its international flights as of March 26 due to the extraordinary circumstances of the Covid-19 pandemic.

The airlines of Lufthansa Group are extending their free rebooking period until August 31 to meet their customers’ needs due to the exceptional circumstances caused by the Covid-19 virus.