Sunday, September 13, 2020

The tourists are leaving Italy. Now catastrophe looms

Many foreign tourists have stayed away from Italy this year. VINCENZO PINTO/AFP via Getty Images

By Maria Pasquale, CNN

Rome (CNN) — For all too brief a time, the Italian summer offered a glimmer of hope. After emerging from what was in early 2020, one of the world's harshest coronavirus lockdowns, Italy managed to dust itself down in time to welcome visitors.

But as the sun begins to cool, so do hopes of a full recovery for Italy's decimated 2020 tourism season. Winter is coming, and with it what is expected to be a full-blown economic catastrophe.

The Italian government, like many across the world, has been doling out cash to help support many ailing businesses and individuals, but with many global travel restrictions still in place, lost revenues from the country's faltering travel industry leaves a gaping financial hole that must now be filled.  Read more >>