EasyJet Says ‘Yes’ to Five-year Loan Facility

By admin 11 Ιανουαρίου 2021 No comment

Photo source: easyJet PLC British low-cost carrier easyJet PLC agreed to a new 1.87 billion dollar five-year term loan with a syndicate of banks which will boost company liquidity in the aftermath of Covid-19. The airline added that it would repay and cancel part of its shorter-term debt in the first quarter of the year, […]

Athens Airport: Passenger Traffic Drops 68.4% in 2020

By admin 11 Ιανουαρίου 2021 No comment

ΤΟΥΡΙΣΜΟΣ

Passenger traffic at Athens International Airport (AIA) significantly dropped by 68.4 percent in 2020, compared to 2019, as a result of the coronavirus (Covid-19) pandemic and its impact on air travel. According to data released by AIA, the airport received a total of 8.08 million passengers in 2020, from 25.57 million in 2019, as a […]

Minister: Achieving Tourism in 2020 a ‘Feat’ for Greece

By admin 11 Ιανουαρίου 2021 No comment

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Greek Tourism Minister Harry Theoharis. Photo Source: @Harry Theoharis The tourism sector will continue to be a driving force of the Greek economy by taking advantage of the valuable knowhow it gathered after opening up to tourists during the coronavirus pandemic, said Tourism Minister Harry Theoharis this week. In an interview to the Athens News […]

Sector Professionals Say Greek Tourism on Hold

By admin 8 Ιανουαρίου 2021 No comment

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Given the rate of spread, the anticipated penetration of the vaccine as well as the effectiveness of containment measures, Greek tourism sector professionals are expecting the season to open after May. At the same time, sector professionals are expecting stiff competition both between rival markets but also on a local level as the market is […]

IATA: Passenger Demand Recovery Grinds to a Halt in November 2020

By admin 8 Ιανουαρίου 2021 No comment

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Τhe recovery in passenger demand, which had been slowing since the northern hemisphere’s summer travel season, came to a halt in November 2020 due to severe Covid-19 travel restrictions, the International Air Transport Association (IATA) announced on Thursday. “The already tepid recovery in air travel demand came to a full stop in November. That’s because […]

Covid-19 Drives Athens Airbnb Demand Down in 2020

By admin 4 Ιανουαρίου 2021 No comment

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Demand for Airbnb short-term rentals in Athens plunged this year driving revenue down by 80 percent, according to the “Covid-19 Industry Pulse Report: Tourism” report released in December by Ernst & Young (EY). The coronavirus (Covid-19) pandemic resulted in a 76 percent drop in international arrivals to Greece driving demand down and impacting the Greek […]

Report: 21 Years of Airline Passenger Traffic Growth Wiped Out in 2020

By admin 4 Ιανουαρίου 2021 No comment

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The coronavirus (Covid-19) pandemic and its consequences have wiped out 21 years of global passenger traffic growth in a matter of months, reducing traffic in 2020 to levels last seen in 1999, global aviation data firm Cirium said. In its Airline Insights Review 2020, Cirium reveals the shocking impact on aviation of worldwide travel restrictions […]

EU Approves Additional €73m Aid for Alitalia

By admin 30 Δεκεμβρίου 2020 No comment

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The European Commission has approved a second tranche of Italian aid in favor of national carrier Alitalia as compensation for operating losses due to the coronavirus (Covid-19) pandemic. The Italian support, worth 73.02 million euros, aims to compensate the airline for direct damages suffered on 19 routes from June 16 to October 31, due to […]

EY: Greece Tourism Must Adapt to ‘New Normal’ After Covid-19

By admin 28 Δεκεμβρίου 2020 No comment

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Source: EY Greece will need to redesign its tourism strategy in order to address the impact of the coronavirus (Covid-19) pandemic and the subsequent new trends in travel, lifestyle and consumer behavior, according to the latest study released by Ernst & Young (EY). According to the “Covid-19 Industry Pulse Report: Tourism”, emerging trends in the […]

ECTAA: 2020, the Year Travel Stopped

By admin 28 Δεκεμβρίου 2020 No comment

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Photo source: UNWTO In a review of the year, ECTAA, the European Travel Agent and Tour Operator Association, described 2020 as “the most catastrophic year in history of travel” due to the coronavirus (Covid-19) pandemic. According to ECTAA, with turnover down an average of 80 percent compared to 2019, the value of the activities will barely reach 40 […]