Covid-19 Impact: Airlines Not Expected to Turn Cash Positive Until 2022

By admin 7 Οκτωβρίου 2020 No comment

Photo source: IATA The International Air Transport Association (IATA) is calling on governments to support the airline industry during the coming winter season with additional relief measures, as the impact of the coronavirus (Covid-19) crisis has proven to be “deeper and longer”. The association on Tuesday warned that the airline industry will burn through $77 […]

Greece Road Arrivals Grind to a Halt due to Covid-19 Crisis

By admin 6 Οκτωβρίου 2020 No comment

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Despite picking up at the start of July when Greece reopened to tourism after Covid-19 lockdowns, arrivals to the country by road have nearly come to a grinding halt after mandatory testing requirements were put into place at the borders. Accord to data, 580,000 travelers came to Greece by road in Q3 2020 accounting for […]

Crete Makes Good Impression Despite Covid-19 Impact on Arrivals

By admin 6 Οκτωβρίου 2020 No comment

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Photo Source: @Incredible Crete The Greek island of Crete managed to win over travelers despite the ongoing Covid-19 crisis and a considerable drop in arrivals, with eight in 10 saying health protocols were satisfactory, a recently released study found. More specifically, 130 thousand visitors traveled to Crete through Chania Airport from January to August down by

Study: Greek Tourism Sees Severe Losses in the ‘New Normal’

By admin 6 Οκτωβρίου 2020 No comment

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Tourism is among the sectors mostly affected by the coronavirus (Covid-19) pandemic, with revenue loss expected to exceed 80 percent in Greece for 2020, compared to last year, and severely affect employment. According to a study by Ira Media, titled “The new normal –Short- & Long-term Effects”, Greece’s tourism revenues will reach 3.5 billion euros […]

IMF: Greek Economy to Shrink by 9.5%

By admin 5 Οκτωβρίου 2020 No comment

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Athens, Greece. Photo Source: Visit Greece /Y Skoulas The Greek economy is expected to shrink by 9.5 percent in 2020, before gradually recovering over the medium term due to the Covid-19 shock which has interrupted the country’s economic recovery, said the International Monetary Fund (IMF) in its findings on Friday. Greece’s creditors did however commend […]

Germany, UK, France Top Tourism Markets for Greece in Summer 2020

By admin 5 Οκτωβρίου 2020 No comment

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Visitors from Germany, the UK, France, Poland and Italy made up the bulk of incoming travelers this summer season after Greece reopened to tourists in the midst of the coronavirus (Covid-19) pandemic, according to Greek Tourism Minister Harry Theoharis. More specifically, based on the number of completed Passenger Locator Forms (PLF) submitted at country admission […]

Athens Airport: Int’l Passenger Traffic Down by 72.3% in September

By admin 5 Οκτωβρίου 2020 No comment

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International passenger traffic at Athens International Airport (AIA) in September was down by 72.3 percent compared to the same month last year. According to data released by AIA, substantially affected by the coronavirus (Covid-19) pandemic crisis and its impact on air travel, the airport’s passenger traffic in September amounting to only some 861 thousand passengers,

KLM Submits Restructuring Plan to Dutch Government for €3.4bn Loan

By admin 5 Οκτωβρίου 2020 No comment

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Photo Source: KLM KLM Royal Dutch Airlines recently submitted a plan for its restructuring to The Netherlands Ministry of Finance. The drawing up of a restructuring plan was a key condition to obtain a government loan and guarantees to the value of 3.4 billion euros. According to KLM, the plan outlines how the company intends […]

Greece’s Small Tourism Accommodations to Get Access to EU Funds

By admin 2 Οκτωβρίου 2020 No comment

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Small tourism accommodations operating in Greece are expected to have access to EU Cohesion policy funds within the first quarter of 2021, the Greek Confederation of Tourist Accommodation Enterprises (SETKE) said recently. The announcement came following a meeting held between SETKE’s president, Panagiotis Tokouzis, and Greek Development and Investment Minister Adonis

Coronavirus Hits Greek MICE Industry Hard

By admin 1 Οκτωβρίου 2020 No comment

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Greece’s MICE industry has been significantly impacted by the Covid-19 (coronavirus) pandemic, with sector professionals forecasting a severe drop in arrivals and revenues for 2020 due to the mass cancellation of conferences and events. According to a survey conducted by the Hellenic Association of Professional Congress Organizers (HAPCO), the City of Athens Convention and