September 7, 2020
Eurostat reported that, in June 2020 due to Covid-19 the European Union (EU) total services sector decreased by 16.4% relative to February 2020 and of this the tourism services sector declined by 75%. Eurostat noted, “Among the detailed sectors within the tourism sector, travel agencies and tour operators fell the most (-83.6%), followed by air transport (-73.8%), accommodation (-66.4%) and restaurants (-38.4%).”
Eurostat further noted that, “due to the opening up of restaurants and similar establishments, a recovery was observed in June compared with April. The restaurant sector had the largest recovery, followed by the accommodation sector. Air transport had only a slight recovery, while the travel agencies and tour operators’ sector was on the same level in June as in April.”
Notably, during 2017 the added value for the EU accommodation sector was EUR 79 billion and restaurants was 96.4 billion, corresponding to a share of 1.3% and 1.6% of value added to the Non- Financial business economy and restaurants, respectively. At this time the sectors accounted for 1.9% and 4% of the EU employment.
Additionally, “Air transport and travel agencies and tour operator activities had shares of 0.5% and 0.3% respectively of value added of the non-financial business economy. The share of employment for air transport was 0.2%.”, Eurostat stated.
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