Coronavirus lockdown in April led to 99% drop in Greece travel revenue

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Printed 7:35 a.m. ET June 23, 2020 | Up to date 12:30 p.m. ET June 24, 2020


The coronavirus pandemic has canceled quite a lot of issues, however your summer season trip would not should be one in every of them.


ATHENS, Greece — The restrictions on journey and enterprise imposed to stem the coronavirus’s unfold worn out almost all journey income for Greece in April, in response to Financial institution of Greece figures.

Provisional figures present journey receipts stood at 7 million euros in April, in contrast with 544 million euros in the identical month final yr, or a drop of 98.7%, Greece’s central financial institution mentioned Monday.

“The autumn in journey receipts resulted from a 96.2% decline in inbound traveler flows and a 62.2% lower in common expenditure per journey,” the Financial institution of Greece mentioned in an announcement.

Greece’s economic system relies upon closely on tourism, which straight and not directly accounts for round 20% of annual gross home product. After an early lockdown imposed in early March stored coronavirus deaths and severe sicknesses at low ranges, the nation is now reopening to guests from overseas, with the federal government hoping to salvage what it could from the profitable summer season vacationer season.

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Guests have been capable of fly into Athens and the northern metropolis of Thessaloniki since June 15, whereas direct worldwide flights to regional airports restart July 1. 12 months-round lodges have been allowed to open this month, however many stay shut as a result of a scarcity of bookings.

Journey receipts within the 4 months from January to April dropped 51.4% from a yr earlier, the Financial institution of Greece mentioned, with a 36% drop within the variety of folks arriving within the nation.

A complete of 38,000 folks entered the nation in April, a 96.2% decline in contrast with the identical month final yr.

“Amongst main international locations of origin, there have been just some modest customer flows from Germany, and people have been down 99.2% year-on-year,” it mentioned.

What’s been occurring: Greece reopens cafes, island ferries after coronavirus closures – and hopes for business

And extra: Despite risks, Greek islands keen to reopen to tourists


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