Business Standard

Monday, December 23, 2024 | 02:22 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Covid-19: European tourism requires 375 bn euros to recover, says report

Most affected, according to the ETC director, will be "the countries where the GDP is more dependent on tourism, as is the case of Greece, Portugal, Spain and Italy."

coronavirus
Premium

Catalan police officers patrol as families with their children walk along a boulevard in Barcelona, Spain, Sunday, April 26, 2020 as the lockdown to combat the spread of coronavirus continues | Photo: AP/PTI

ANI
Tourism in European Union requires an estimated 375 billion euros to recover from the crisis generated by Covid-19 pandemic and to restore operations according to the European Travel Commission (ETC), Xinhua news agency reported after citing local media on Sunday.

"The European Union (EU) estimates are around 255 billion euros to help the Member States recover the industry, and around 120 billion euros more for extra investment to help entrepreneurs and operators to restore operations," ETC Executive Director Eduardo Santander said in an interview with Portuguese Lusa News Agency.

With European tourism stagnating, due to restrictive measures adopted by the member states

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in