KEY POINTS
  • Tourism represents 10% of the European economy and creates 27 million jobs directly and indirectly across the region.
  • However, the sector has been on pause since March with many countries imposing lockdowns and strict travel restrictions.
  • The industry is taking the first steps to reopen this summer.
  • Most European destinations expect tourism declines between 30 and 40% in 2020, compared to 2019.

The tourism industry in Europe is at risk of being eclipsed by other global destinations as governments put in place different measures to reopen in time for the summer season, experts have told CNBC. 

Tourism represents 10% of the European economy and creates 27 million jobs directly and indirectly across the region. However, the sector has been on pause since March with many countries imposing lockdowns and strict travel restrictions to contain the spread of Covid-19. European governments have announced strategies to reopen the sector for the summer, but there are concerns that their lack of coordination will benefit other destinations.