The coronavirus pandemic has hit the Greek tourism sector hard with 65% of hoteliers saying they could face bankruptcy
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- 65% of Greek hoteliers say that bankruptcy of their business is either "likely" or "most likely," according to a study by the Hellenic Chamber of Hotels, a government body that represents the Greek hotel industry.
- Speaking to Business Insider, Alexandros Vassilikos – the president of the Hellenic Chamber of Hotels – said he was "not shocked" by the findings.
- Analysts at UBS estimate that tourist spending across Europe fell 68% year-on-year in March 2020, with the UN World Tourist Organization calling tourism one of the industries "hardest-hit" by COVID-19.
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Greek hoteliers are increasingly worried about their future.
The Greek Reporter newspaper cited a study by the Hellenic Chamber of Hotels, a government body that represents the Greek hotel industry. It found that 65% of Greek hoteliers said that bankruptcy of their business is either "likely" or "most likely."See the rest of the story at Business Insider
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