MICE tourism has been hit hard by the global spread of Covid-19 and could be one of the last sectors to return to normality, says GlobalData.

The Greek economy is set to suffer another setback once the government’s Covid-19 lifeline to businesses stops, according to Capital Economics.

Despite its swift and effective response to the Covid-19 pandemic, Greece must bolster its economy with added measures, according to the OECD.

The World Travel & Tourism Council (WTTC) is warning governments around the world that further country-wide border closures could seriously jeopardize global economic recovery.

Due to the coronavirus crisis, Greece’s travel receipts in May plummeted by 99.2% to 13 million euros from 1.56 billion euros during the same month last year.

Greek airports saw a 75 percent drop in passenger numbers during the first six months of this year, compared to the same period in 2019.

Covid-19 is expected to lead to a 20% reduction in Greece’s tourism revenue this year, compared to 18-19 billion euros in 2019, says IOBE.

Posidonia 2020, Greece’s prestigious biennial shipping exhibition, has been officially cancelled for this year due to the uncertainty surrounding the Covid-19 pandemic.

Greek hoteliers are expecting to see their turnover drop by 67% this year with 6.4% opting to remain closed due to lagging demand and lack of liquidity.

Foreign investors still have a positive perception of Greece despite the coronavirus pandemic, according to the latest Ernst & Young (EY) report.

Covid-19 has impacted the Greek hotel sector taking a 350-million-euro bite out of revenues for hotels in Athens and Thessaloniki.

Greeks are concerned about the possible introduction of new austerity measures due to Covid-19, a new study has revealed.