1:58 p.m .: Coronavirus might have an effect of four.5 billion euros on tourism in Italy
The epidemic might have an effect of four.5 billion euros on tourism spending in Italy in 2020. The Italian Demoskopika Institute has estimated at four.7 million the variety of vacationers who might hand over Italy as a vacation spot for holidays, which might characterize 14.6 million fewer nights.
This considerations vacationers from China, but additionally from Germany, the US, France and Nice Britain. 4 areas – Veneto, Tuscany, Lazio (Rome area) and Lombardy (Milan, Lake Como, Garda and Maggiore) – can be essentially the most affected, struggling 70% of the drop in tourism spending (resorts, eating places, souvenirs, and so on.) ).
“The rising variety of cancellations of reservations that these tourism operators are reporting these hours (…) doesn’t augur properly for the present vacationer season in our nation”, commented the president of the Demoskopika Institute, Raffaele Rio, in a press release launched Tuesday.
In line with a Financial institution of Italy report revealed in July 2019, tourism generates round 5% of Italian GDP.