Econostrum | Economic News in the Mediterranean
en.econostrum


   
en.econostrum



Covid cuts 64% of Portugal's tourism receipts



           


Without tourists, Portugal loses one of its economic pillars (photo: GT)
Without tourists, Portugal loses one of its economic pillars (photo: GT)
PORTUGAL. In a press release published on 6 November 2020, the National Institute of Statistics of Portugal (Ine) confirms the black year that the country is experiencing in terms of tourism. Over the first nine months of the year, the number of tourists fell by 59.3% (-73.8% of foreigners) and the number of overnight stays by 61.3% (-73.4% of foreigners). This drop in tourism translates into a turnover of €1.232 billion, down 64.5% compared with the first nine months of 2019.

More than 130,000 Portuguese companies employing 400,000 people are threatened by the closure of a sector that represents 8.7% of the country's GDP. 26 million foreign tourists visited Portugal in 2019.


Gérard Tur


Tuesday, November 17th 2020



Article read 193 times


Articles which should interest to you
< >