Fitch Ratings has revised private forecasts of the global passenger traffic for the 2021 and 2022 on account of the Omicron mutations.
COVID-19 economics
The Deadly Pandemic Game Greece Is Losing
Greece health experts say a fourth wave of COVID-19 is on the horizon, but Greek leadership maintains course to bolster the economy.
Israeli & Greek Leaders Sign Tourism Deal
Israel and Greece have reached an agreement to clear the way for vaccinated tourists to travel between their Mediterranean nations.
The WTTC Reports On the Future of Travel & Tourism Post-COVID
The World Travel & Tourism Council [WTTC] has just released a new report that examines the implications of trends for each of four key Travel & Tourism stakeholders groups: travellers, businesses, workforce, and communities.
COVID-19 Second Wave Nixes Predicted Economic Rebound
As the ECDC predicts a rising COVID-19 curve, Europe economies stand poised to suffer double-dip recession.
Greece’s Mitsotakis Pleads for Citizen Vigilance to Combat COVID-19
Greek Prime Minister Kyriakos Mitsotakis is pleading with Greek citizens to be vigilant and to respect COVID-19 safety measures to limit the spread of the coronavirus.
UNWTO Launches a Covid-19 Technical Assistance Package for Recovery
The UNWTO has released a Tourism Recovery Technical Assistance Package that offers guidance to the Member States in response to COVID-19.
Fraport Group Becomes Poster Boy of “No Good” Pandemic News
News from Fraport Group’s reveals the latest industry wounds from the coronavirus pandemic. The Germany company is digging a deep debt hole.
Greek Tourism Businesses Offer 18-month Vouchers Instead of Refunds
The Greek Tourism Ministry backs tourism enterprises on offering vouchers in leu of refunds in the wake of the COVID-19 pandemic.
COVID-19: EU Approves €2bn Greek Business Support Measures
The European Commission has approved a €2 billion-euro aid package to help Greece weather the economic effects of the coronavirus (COVID-19).
Will the COVID-19 Outbreak Reset the Airline Industry?
Flybe, Europe’s biggest regional airline has folded because of COVID-19. How many more transportation and tourism related business will fail?