Photo Source: EBRD The European Bank for Reconstruction and Development (EBRD) is forecasting an overall 3.9 percent contraction across its 38 economies in 2020 and a 3.6 percent return to growth in 2021, it said this week. The EBRD report cites a high level of uncertainty due to Covid-19 and reveals that more people in EBRD […]
Photo credit: Dmitry Kalinovsky / Shutterstock.com Until science discovers the answer to the coronavirus (Covid-19), the pandemic will be here with us, the president of the Hellenic Chamber of Hotels, Alexandros Vassilikos, said on Wednesday. Speaking during a web press conference, Vassilikos described the dire situation the Greek hotel market is in right now due […]
Photo ©Maria Theofanopoulou A total of 3.9 million visitors mainly from Europe have traveled to Greece so far this year, equal to 22 percent of arrivals in the same period last year, with tourism-related revenues expected to reach 20 percent of the 2019 total by the end of 2020, said Greek Tourism Minister Harry Theoharis […]
The impact of the Covid-19 health crisis on international travel & tourism, and ways of achieving recovery were discussed during a webinar held recently by the Thessaloniki Tourism Organization and the World Tourism Organization (UNWTO). Titled, “Instrumental analysis: A clear vision amid crisis”, the webinar revealed the latest data in tourism arrivals and revenues
Photo source: IATA The International Air Transport Association (IATA) on Tuesday said it now expects full-year 2020 air traffic to be down 66 percent compared to 2019, due to the impact of the coronavirus (Covid-19). The previous estimate was for a 63 percent decline. The association downgraded its traffic forecast for 2020 to reflect a […]
The South Aegean Region won over Greece’s highest spending travelers in 2019 marking a 12.7 percent increase against the previous year, according to a study released this week by SETE Intelligence (INSETE), the research department of the Greek Tourism Confederation (SETE). The region, which includes the popular islands of Paros, Mykonos and Rhodes, recorded an
Impacted by the coronavirus (Covid-19) pandemic and the slowdown in global travel, Greek national carrier AEGEAN recorded a 64 percent drop in turnover in the first half of 2020 to 187.4 million euros, the company said releasing its Q2 results. “The pandemic led to unprecedented conditions in the aviation sector in Europe in the second […]
Photo Source: @Thessaloniki Hoteliers Association The outbreak of Covid-19 has cost Thessaloniki hotels more than 1.05 million overnight stays in the first eight months of 2020, a decline of nearly 80 percent, according to data released this week by the Thessaloniki Hotels Association. More specifically, the northern port city saw the number of overnight stays […]
Economic activity in July and August recorded an upturn with a positive impact of tourism, according to tentative data released by the National Bank of Greece (NBG). More specifically, the number of international arrivals at Athens International Airport in the aftermath of the Covid-19 restrictions slowed down the contraction to -66.2 percent in August from […]
In an all-out attempt to win back reluctant travelers due to Covid-19, Europe’s airline companies are bringing down their rates for September through to December, according to travel analytics firm ForwardKeys. According to ForwardKeys data, in August, rates for the majority of routes in Europe were down by more than 15 percent against the same […]


















