Sovereign  Europe: Tourism is recovering, but risks remain for the most dependent sovereigns - Moody's Global Credit Research

Sovereign Europe: Tourism is recovering, but risks remain for the most dependent sovereigns

Sovereign  Europe: Tourism is recovering, but risks remain for the most dependent sovereigns - Moody's Global Credit Research
Sovereign Europe: Tourism is recovering, but risks remain for the most dependent sovereigns
Published Oct 20, 2021
8 pages (5438 words) — Published Oct 20, 2021
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Brief Excerpt:

...A gradual but sustained recovery in European tourism over the next few years will support economic growth and fiscal consolidation among most of the region's most tourism- dependent countries, who have been worst hit by the pandemic. Nevertheless, new variants and vaccine hesitancy in some countries increase the risk of renewed restrictions that could disrupt the sector's recovery and lead to a further increase in already high debt levels. + Successful vaccine roll-out and EU travel pass set the stage for a steady recovery in European tourism. Data from the crucial summer months of July and August this year point to a significant rebound in nights spent year-on-year, particularly among non-resident tourists. Because many of the factors that underpinned this growth were structural ¡ high vaccination levels in Europe and in key source markets, the introduction of the region's "vaccine passport" and the dominance of short-haul intra-European tourism ¡ we expect a gradual but steady return...

  
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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Sovereign Europe: Tourism is recovering, but risks remain for the most dependent sovereigns" Oct 20, 2021. Alacra Store. Nov 30, 2021. <http://www.alacrastore.com/moodys-credit-research/Sovereign-Europe-Tourism-is-recovering-but-risks-remain-for-the-most-dependent-sovereigns-PBC_1300500>
  
APA:
Moody's Global Credit Research. (). Sovereign Europe: Tourism is recovering, but risks remain for the most dependent sovereigns Oct 20, 2021. New York, NY: Alacra Store. Retrieved Nov 30, 2021 from <http://www.alacrastore.com/moodys-credit-research/Sovereign-Europe-Tourism-is-recovering-but-risks-remain-for-the-most-dependent-sovereigns-PBC_1300500>
  
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