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Image header Agence Europe
Europe Daily Bulletin No. 12629
Contents Publication in full By article 21 / 21
NEWS BRIEFS / Tourism

Influx of foreign tourists still at half mast in third quarter of 2020, according to European Central Bank

05/01/2021 (Agence Europe)Despite a partial rebound, foreign tourist arrival figures in EU Member States remained very low in the third quarter of 2020, the European Central Bank (ECB) said, on Monday 4 January, in its Economic Bulletin. Domestic tourism, for its part, “ remained relatively resistant”, although still below 2019 levels. Countries that usually receive a lot of foreign travellers have suffered in particular from the collapse of non-resident consumption (up to -90% in Italy and Spain). Tourism has worked, for these countries, as “a shock amplification channel” during the pandemic, analyses the ECB, which underlines that the geographical consequences of the crisis could however evolve: it is, in fact, the winter tourist destinations which are now likely to suffer from the restrictions in force. See analysis: http://bit.ly/3rWhoYJ (AC)

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