Poll: Coronavirus Repercussions on Economy Worry Greeks

By admin 26 Μαρτίου 2020 No comment

Athens, Syntagma square. Photo: Visit Greece / H. Kakarouhas The majority of Greeks expect the repercussions of the coronavirus pandemic together with Turkey’s aggressive policies to negatively impact business activity in Greece, creating a climate of pessimism for the immediate future, according to a study released this week by the Athens Chamber of Commerce and […]

WTTC: 75 Million Jobs in Travel & Tourism are at Risk

By admin 26 Μαρτίου 2020 No comment

ΤΟΥΡΙΣΜΟΣ

Up to 75 million jobs are at immediate risk in global Travel & Tourism due to the coronavirus pandemic, the World Travel & Tourism Council (WTTC) said on Wednesday. The alarming figure, based on research from WTTC, shows a punishing Travel & Tourism GDP loss to the world economy of up to US$2.1 trillion in 2020. […]

IMF: 2020 Outlook for Global Growth Negative but Recovery in 2021

By admin 26 Μαρτίου 2020 No comment

ΤΟΥΡΙΣΜΟΣ

Photo Source: IMF The coronavirus epidemic may push the global economy into recession, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who added that the faster the virus stops, the quicker and stronger the recovery will be. Georgieva made the statement on Tuesday after a G20 emergency conference call with finance ministers and […]

IATA: Air Transport Industry to Receive Deeper Revenue Hit by Covid-19

By admin 24 Μαρτίου 2020 No comment

ΤΟΥΡΙΣΜΟΣ

The passenger revenues of the air transport industry for 2020 could plummet $252 billion or 44 percent below 2019’s figure due to the travel restrictions and the expected global recession caused by the Covid-19 pandemic, the International Air Transport Association (IATA) said on Tuesday. Giving an update on its analysis of the revenue impact of […]

Greek Tourism Sector Recovery Depends on Covid-19 Crisis Duration, Says BoG

By admin 24 Μαρτίου 2020 No comment

ΤΟΥΡΙΣΜΟΣ

The duration of the coronavirus pandemic will be the decisive factor for the Greek tourism industry’s comeback, according to Bank of Greece (BoG) Governor Yannis Stournaras. According to the March report issued by the central bank, it is too early to assess the repercussions of the coronavirus health crisis on the Greek economy but the […]

Covid-19: Major Drop in Passenger Traffic for Greek Ferries

By admin 24 Μαρτίου 2020 No comment

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Passenger traffic on Greece’s ferries significantly decreased by 76.25 percent between March 16-22, following the preventative measures imposed by the government, urging citizens to stay indoors, to curb the spread of the coronavirus pandemic. Also, as of March 21, Greek authorities tightened restrictions specifically for ferry travel, allowing movement only for permanent

Pre-coronavirus Travel Revenue for Greece on the Rise – January Data

By admin 24 Μαρτίου 2020 No comment

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Almost two months before the coronavirus health crisis hit Greece, tourism revenue was on an upward trend recording a 24.4 percent rise and a 19.7 percent increase in the number of arrivals, according to provisional data released by the Bank of Greece. More specifically, for January, tourism-related revenue came to 287 million euros up from […]

Covid-19 Throws Airline Industry into the Eye of the Storm

By admin 23 Μαρτίου 2020 No comment

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Photo Source: OAG Faced with canceled trips, flight restrictions, and country bans, global air travel is among the industries hardest hit by the coronavirus pandemic, according to recent data released by OAG Aviation Worldwide. The estimated impact of Covid-19 on the airline industry has reached 880 billion dollars with many airlines requesting bailouts and aid […]

Greek Think Tank: Covid-19 to Affect Six out of 10 SMEs

By admin 19 Μαρτίου 2020 No comment

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Six out of 10 small and medium-sized businesses may suffer the blow of the coronavirus health crisis as they watch their sales plummet, according to the latest findings of Endeavor Greece, with the majority expecting problems in supply, liquidity, sales, and exports. According to a new study released by the non-profit think tank, out of […]

IATA: Airlines will Need Emergency Aid Up to $200bn

By admin 19 Μαρτίου 2020 No comment

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Photo source: IATA “The scale of the current industry crisis is much worse and far more widespread than 9/11, SARS or the 2008 Global Financial Crisis.” – Alexandre de Juniac, IATA Emergency aid of up to $200 billion is required for airlines on a global basis, due to the evaporation of air travel demand as […]