"The tourism sector continues to suffer the repercussions of the health crisis, showing, by the end of February 2021, declines of 81% in arrivals and 65% in revenues, against 6.1% and 14.9% increases respectively a year earlier," DEPF points out in its economic report for the month of April.

Hotels and restaurants, the most impacted sector by the health crisis, has posted a deceleration of its rate of decline from the third quarter of 2020, although less prominent than other sectors.

Indeed, the withdrawal of its value added has gone from 90% in the second quarter of 2020, to 65.2% in Q3-2020 and 57.1% in Q4-2020, i.e. a total decline of 54.8% by the end of 2020, the Directorate recalled.

Over the course of 2020, the main indicators of the sector have shown declines of 78.5% for arrivals, of 72.4% for overnight stays and of 53.7% for tourism revenues.