The further progression of the coronavirus pandemic is highly unclear, which is why nobody can tell yet when and to what extent the current travel restrictions in the EU and beyond may be relaxed or waived completely. One thing is certain, however: the main holiday season in the northern hemisphere will begin in about three months. And the travel and tourism sector generates a significant share of aggregate GDP in many Mediterranean countries. In Italy and Spain, this share amounted to just above 13% (nationwide average) and to 14.6%, respectively, in 2018. Greece even generated as much as 20.6% of aggregate GDP in the travel and tourism sector. Moreover, tourist “hot spots” in these countries register considerably higher percentages. High dependence on tourism
Coronavirus: A threat to the business of traditional tourist destinations

