Greek Hospitality Sector Turnover Lost €2.6Β in Q2 Due to the Pandemic

October 20, 2020

ATHENS — Enterprises in the hospitality sector lost more than 2.6 billion euros in turnover due to the pandemic and the lockdown in the second quarter of 2020 compared with the same period last year, with the hotel and lodging sector recording the biggest decline (1.75 billion euros), Hellenic Statistical Authority said on Tuesday.

More specifically, turnover in the hotel and lodging sector fell to 104,682,448 euros in the second quarter, 94.3 pct down compared with the same period in 2019. The region of Lasithi recorded the biggest percentage decline (99.5 pct) and Florina the smallest (11.7 pct).

Turnover in the restaurant sector totaled 592,729,473 euros, down 59 pct from the same period in 2019. The region of Thira (Santorini) recorded the biggest percentage decline (95.6 pct), while Grevena the smallest (33.3 pct).



ATHENS - While scores of thousands of Greeks fled the country during a near decade-long eonomic and austerity crisis, seeking jobs and a better life in other countries, a relative handful are coming back, along with foreign investors drawn by low taxes.

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