European tourism losing €1 BILLION a month as holiday makers stay home due to coronavirus ...United Arab Emirates

Fears over the spread of Covid-19 are rising across Europe, threatening its tourism industry. Data shows the sector has already taken a serious hit and could be hurt even more. According to EU Internal Market Commissioner Thierry Breton, tourism is one of the sectors likely to be hit hardest financially as the coronavirus continues to spread. The sector is already losing €1 billion ($1.11 billion) a month because of the disease, he said. The European Travel Commission has announced that 10 percent of European GDP is derived from tourism while in some EU member states, including Spain and Italy, that figure is as much as 14 percent.

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European tourism losing €1 BILLION a month as holiday makers stay home due to coronavirus ...United Arab Emirates

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