Greece’s tourism sector is expected to recover next summer following a dramatic fall in revenues due to the coronavirus pandemic this year, a senior industry official said on Tuesday, according to Reuters .
How the sector rebounds is crucial for the country which emerged from its third international bailout in 2018 after a decade-long debt crisis.
Yannis Retsos, chief 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 travel restrictions to contain the spread of the coronavirus.
Greece expects its economy to decline by about 10 percent this year and is pinning its hopes in the second half of 2021 for an economic recovery.
“We need to wait for the second half of the year to see some sort of action in tourism,” Retsos told a Greek radio station.
“Anything we see from May on would be a very positive surprise,” he said.
Read the full report at ekathimerini.com.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
