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 of Piraeus.

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.