COVID-19's impact on tourism revenue by sector Italy 2020

According to a March 2021 study, the revenue of hotels in Italy decreased by 50.4 percent in 2020 over the previous year. Meanwhile, food and drink services experienced a 40.3 percent year-on-year revenue drop.

The study also predicted the revenue change for 2022 by analyzing two different scenarios. The baseline scenario considered a gradual recovery during the second half of 2022, meanwhile, the worst-case scenario accounted for a slower recovery. In the worst case scenario, revenue in the hotel sector was predicted to fall by 28 percent in 2022 when compared to 2019.

Estimated change in revenue of the tourism industry due to the coronavirus (COVID-19) pandemic in Italy in 2020, with a forecast for 2022, by sector

Characteristic	2020 vs. 2019	2022 vs. 2019 (baseline scenario)*	2022 vs. 2019 (worst-case scenario)**
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Release date

March 2021

More information

Region

Italy

Survey time period

2020

Special properties

change in revenue compared to 2019

Supplementary notes

*Baseline scenario: herd immunity is reached in autumn; restrictions are gradually loosened; recovery funds are efficiently implemented; economy starts to bounce back in the second half of 2021; GDP and revenues recover although at lower level than 2019.

**Worst-case scenario: vaccination campaigns are delayed; travel and tourism restrictions are still applied; there are delays in implementing recovery funds; economy recovers at a slow pace; GDP and revenues are at significantly lower levels than 2019.

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