European Tourism Losing More Than $1 Billion a Month From Virus: EU Commissioner
It’s not just Chinese tourists who aren’t visiting Europe anymore. Expect the economic losses to steepen.
As the coronavirus enters its third full month affecting the globe, the tourism industry is able to more precisely quantify the scale of its financial impact.
As the coronavirus enters its third full month affecting the globe, the tourism industry is able to more precisely quantify the scale of its financial impact.
European commissioner for Internal Markets Thierry Breton on Monday told a French television station that the estimated financial toll of the virus on the tourism industry in Europe amounts to roughly €1 billion ($1.1 billion) per month. This takes into account the roughly two million lost hotel nights reported by European Union member states in January and February.
The reports follows news over the weekend that one of the biggest tourist draws on the continent — the Louvre in Paris — was closed.