Covid-19 Pushes Greek Tourism Revenue Down by 71% in March

By admin 22 Μαΐου 2020 No comment

With air traffic suspended and hotels closed in March due to the Covid-19 restrictions, Greece saw its travel receipts nosedive by 71 percent to 92 million euros from 318 million euros in March 2019. According to provisional data released by the Bank of Greece (BoG), international arrivals (mainly through the country’s airports) saw an overall […]

IATA: Covid-19 Air Transport Disruption to Impact Greek Tourism

By admin 19 Μαΐου 2020 No comment

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Disruption to Greece’s air transport sector caused by the Covid-19 outbreak is set to cost the country’s tourism sector an estimated 9.2 billion euros in losses, according to the International Air Transport Association (IATA). Speaking on public broadcaster ERT this week, Raphael Schwartzman, IATA’s regional vice-president for Europe, said the coronavirus impact on

Survey: Travelers Say No to Quarantine Measures on Arrival

By admin 14 Μαΐου 2020 No comment

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Despite the financial support to deal with the damage caused by the coronavirus (Covid-19) outbreak, airlines will come close to 2019 levels in 2023, said the International Air Transport Association (IATA), adding that traveler confidence will be much harder to re-build. Releasing a new analysis, IATA found that the damage to air travel will impact […]

Ryanair to Make a Comeback with 1,000 Daily Flights in July

By admin 12 Μαΐου 2020 No comment

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Ryanair on Tuesday announced plans to return to 40 percent of normal flight schedules from Wednesday, July 1, subject to government restrictions on intra-EU flights being lifted, and effective public health measures being put in place at airports. According to an announcement, Ryanair will operate a daily flight schedule of almost 1,000 flights, restoring 90 […]

HotelBrain Aims to Open All its Hotels for 2020 Greek Tourism Season

By admin 12 Μαΐου 2020 No comment

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HotelBrain Founder & CEO Panos Paleologos Greek hospitality management group HotelBrain recently expressed concern on the development of bookings for the 2020 tourism season in Greece. During the Prodexpo Virtual event on Friday, HotelBrain CEO Panos Paleologos said that the group’s aim is for all of its hotels to soon restart operations. However, he added […]

Covid-19: Colombian Airline Avianca Files for Bankruptcy

By admin 11 Μαΐου 2020 No comment

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Colombian airline Avianca on Sunday filed for Chapter 11 bankruptcy in the US Southern District of New York, due to “the unforeseeable impact of the Covid-19 pandemic”. According to a company statement, Avianca’s scheduled passenger operations have been grounded since mid-March, reducing its consolidated revenue by over 80 percent and placing significant pressure on its

SWISS Gets Loan Approval, Announces Capacity Increase in June

By admin 11 Μαΐου 2020 No comment

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The two chambers of the Swiss Federal Assembly – the National Council and the Council of States – last week approved a loan of CHF 1.5 billion to Lufthansa-owned Swiss International Air Lines (SWISS) and Edelweiss to help the airlines cope with the consequences of the current Covid-19 crisis. Eighty-five percent of the loan is guaranteed […]

Deloitte: How Greek Tourism May Evolve in New Covid-19 Reality

By admin 11 Μαΐου 2020 No comment

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Consulting firm Deloitte Greece on Friday presented three alternative scenarios about how the landscape of the Greek tourism and hospitality industry might evolve in 2020 and 2021 in the new reality posed by the coronavirus pandemic. Included in a study titled “Bringing the latest insights on the Greek Tourism & Hospitality sector – Scenarios on […]

Greeks Wary About Opening Up to Tourism, Says Study

By admin 8 Μαΐου 2020 No comment

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One in two Greeks are wary about opening the country up to tourists this early claiming it poses a risk in view of the ongoing coronavirus (Covid-19) pandemic, according to a study released this week by the University of Macedonia. More specifically, 49.4 percent said they were opposed to opening up Greece’s borders to tourists, […]

UNWTO: Three Scenarios for Impact of Covid-19 on 2020 Tourism

By admin 7 Μαΐου 2020 No comment

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The World Tourism Organization (UNWTO) on Thursday said that current scenarios of the impact of the Covid-19 crisis on international tourism point to possible declines in arrivals of 58 percent to 78 percent for the year, compared with 2019 figures. The coronavirus pandemic has already caused a 22 percent fall in international tourist arrivals during the […]