Explainer: Europe’s tourism rescue plan

The lockdowns and travel restrictions brought about by the COVID-19 pandemic have ravaged the global holiday sector.

For Europe – the world”s top tourism destination – the health crisis has been especially tough. 27 million European jobs – around 12% the region’s workforce – depend on tourism in one way or another.

Supporting the holiday and travel industry has therefore become a top priority for the EU.

In this explainer we take a look at some of the financial aid the European Commission has put in place to help the industry recover and what companies can do to access it.

To watch the explainer click on the video player above.