Tour operators of Italy estimated damage from coronavirus at 65 billion euros

Italy's tourism industry will lose about 65 billion euros in 2020 due to restrictions caused by the coronavirus epidemic, the profile national agency reported on Sunday, May 3. According to market participants, residents of Italy will spend 46 billion euros less than expected, foreign tourists by 20 billion euros on rest in the country. Tourism revenues are one of Italy's main budget items (the industry produces 13% of GDP). The authorities intend to seek assistance from the EU and believe that Italy's tourism market will not be able to recover until 2023. As of