Italy: risk of insolvency in tourism sector 2020

A forecast from March 2020 revealed that the share of hotel and catering companies in Italy at high risk of insolvency was expected to increase significantly in 2020 due to the coronavirus (COVID-19) outbreak. In a scenario with no coronavirus emergency, potential insolvent companies would have been 7.4 percent of all enterprises in this sector. On the other hand, in a scenario where the global coronavirus pandemic will last until the end of summer 2020, roughly 8.8 percent of hotel and catering companies were expected to face a high risk of insolvency in 2020. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Forecasted share of companies of the tourism industry in Italy at high risk of insolvency in 2020, by sector and scenario

Characteristic	If COVID-19 had not occured	With COVID-19
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Release date

March 2020

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Region

Italy

Survey time period

2020

Supplementary notes

Estimated data did not include the economic emergency measures established in the Cura Italia decree. The COVID-19 scenario considered by the source refer to a situation in which the global pandemic ends at the end of summer 2020.

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