WTTC Says No to Anti-travel Covid-19 Measures

By admin 22 Ιουλίου 2020 No comment

The World Travel & Tourism Council (WTTC) on Wednesday warned governments around the world that further country-wide border closures could seriously jeopardise global economic recovery. “Unfortunately, a number of countries around the world are experiencing local coronavirus (Covid-19) spikes. This is forcing a re-think by a number of governments which are now having

Greece’s Tourism Receipts in May Suffer Covid-19 Blow

By admin 22 Ιουλίου 2020 No comment

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Greek tourism revenue suffered a massive blow in May 2020 – the first month of the tourism season – due to the outbreak of Covid-19 with travel receipts plummeting by 99.2 percent to 13 million euros from 1.56 billion euros in May last year, according to tentative data released by the Bank of Greece (BoG) […]

Greek Airports: 75% Passenger Traffic Drop in First Half of 2020

By admin 21 Ιουλίου 2020 No comment

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The Hellenic Civil Aviation Authority (HCAA) recently reported a 75 percent drop in passenger numbers in Greek airports for the first six months of 2020, compared to the same period in 2019. “As it appears in the statistics, all airports continue to record a large drop in passenger traffic due to travel restrictions imposed in […]

IOBE: Covid-19 Sends Greece Tourism Revenue Downward

By admin 20 Ιουλίου 2020 No comment

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Covid-19 is expected to lead to a 20 percent reduction in Greece’s tourism revenue this year compared to 18-19 billion euros in 2019, according to Nikos Vettas, head of the country’s leading think-tank, the Foundation of Economic and Industrial Research (IOBE). Addressing the “Post-Pandemic Recovery of Black Sea Economies” webinar organized last week by the […]

Posidonia 2020 Officially Canceled Due to Uncertainty Caused by Covid-19

By admin 20 Ιουλίου 2020 No comment

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Posidonia 2020, Greece’s prestigious biennial shipping exhibition, has been officially cancelled for this year in response to the uncertainty surrounding the coronavirus (Covid-19) pandemic. The event was originally planned for June and then postponed to October. Posidonia Exhibitions SA, the event’s organizer, reached the decision to officially cancel following close

Greek Hoteliers Expect 67% Drop in 2020 Turnover

By admin 16 Ιουλίου 2020 No comment

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Dmitry Kalinovsky / Shutterstock.com Greek hoteliers are expecting to see their turnover drop by 67 percent this year with 6.4 percent opting to remain closed due to lagging demand and lack of liquidity, as a result of the Covid-19 crisis, the fourth study in series carried out by the Institute for Tourism Research and Forecasts […]

EY: Investor Interest in Greece ‘Solidifies’ Despite Covid-19

By admin 15 Ιουλίου 2020 No comment

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Foreign investors still have a positive perception of Greece despite the coronavirus (Covid-19) pandemic but proceeding with reforms will be critical for implementation of projects, according to the latest Ernst & Young (EY) report released this week. The coronavirus crisis appears to have had an impact on foreign investors’ plans for Greece, but not to […]

Study: Greeks Fear New Austerity Measures Due to Covid-19

By admin 14 Ιουλίου 2020 No comment

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Athens, Greece More than half (56 percent) of Greeks are concerned about the possible introduction of new austerity measures due to Covid-19 like those introduced during the 2009 economic crisis, a new study released this week by the Athens Chamber of Commerce and Industry (EBEA) found. At the same time, faced with urgent financial difficulties […]

Covid-19 Leads to €350m in Losses for Athens, Thessaloniki Hotels

By admin 14 Ιουλίου 2020 No comment

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Athens, Greece. Photo © Maria Theofanopoulou Covid-19 has impacted the Greek hotel sector taking a 350-million-euro bite out of revenues for hotels in Athens and Thessaloniki, according to a new study released this week by GBR Consulting. Carried out on behalf of the Athens-Attica & Argosaronikos Hotel Association and the Thessaloniki Hotels

Commission Gives Green Light for KLM’s €3.4bn Bailout

By admin 13 Ιουλίου 2020 No comment

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The European Commission on Monday approved, under EU State aid rules, a 3.4 billion euros Dutch aid measure to KLM to provide urgent liquidity to the company in the context of the Covid-19 outbreak. A major network airline operating in the Netherlands, KLM is part of the Air France – KLM Group, in which the […]