Analysts see tourism rebound

Economists appear optimistic that Greek tourism will make a significant comeback this summer. They estimate that Greece and its economy will return to the focus once enough people have been vaccinated to allow for a dynamic return of economic activity and the service sector across Europe.

Production, broad availability and acceptance of the coronavirus vaccines will constitute the game changers for tourism and travel, they note, thereby switching Greece's major disadvantage of 2020 into a strong advantage for 2021 and the years to come.

According to New York-based investment company Jefferies, the countries mostly dependent on tourism will benefit the most from the vaccine-triggered rebound in 2021, as an ever increasing section of the population is immunized. Greece is in fourth place among the countries that stand out in this respect, after Macao, the Philippines...

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