Tourist consumption loss due to COVID-19 in Italy 2020, by sector

The coronavirus (COVID-19) pandemic hit global travel and tourism hard in 2020, with governments implementing lockdowns and emergency restrictions to limit the spread of the virus. In Italy, it was estimated that the pandemic caused a total loss of roughly 88 billion euros in tourist consumption that year. The hospitality sector experienced the highest decrease in consumption, losing 32 billion euros in 2020 over the previous year. Meanwhile, the estimated loss of food and drink services amounted to roughly 12 billion euros. Due to the health crisis, the share of GDP generated by travel and tourism in Italy nearly halved in 2020 when compared to 2019.