ATHENS: Greece’s tourism sector is predicted to recover up coming summer next a extraordinary slide in revenues thanks to the coronavirus pandemic this year, a senior industry formal mentioned on Tuesday.
Tourism is the main driver of Greece’s financial state, accounting for about 20% of its output and utilizing one particular in five workers.
How the sector fares is important for the region which emerged from its third intercontinental bailout in 2018 soon after a ten years-prolonged financial debt disaster.
Yannis Retsos, head of the country’s tourism confederation (SETE), said tourism revenues this year had reached 4 billion euros, down from 18 billion in 2019, due to global vacation restrictions to have the unfold of the coronavirus.
Greece expects its financial state to shrink by about 10 per cent this yr and is pinning its hopes in the next half of 2021 for an economic restoration.
“We need to have to wait for the second 50 % of the yr to see some form of motion in tourism,” Retsos instructed a Greek radio station.
“Anything we see from May perhaps on would be a pretty good surprise,” he stated.
Centered on the newest official knowledge from the Lender of Greece, tourism arrivals fell 76% in the January-to-October period of time.
Greece has reported 135,931 infections considering the fact that it documented its initial situation in February and 4,672 deaths. The country has been in a nationwide lockdown due to the fact early November and allowed only hair salons and bookstores to reopen for the Christmas time.
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