Developments in the balance of travel services: July 2020
(WorldNews Germany)

Share: Developments in the balance of travel services: July 2020 22/09/2020 - Press Releases Balance of travel services Based on provisional data, the balance of travel services in July 2020 showed an estimated[1] surplus of €516 million, compared with a surplus of €3,472 million in July 2019. More specifically, travel receipts in July 2020 fell by 84.4% to €577 million, from €3,703 million in July 2019, while travel payments also decreased by 73.7% (July 2020: €61 million, July 2019: €230 million). The fall in travel receipts resulted from an 85.4% decline in inbound traveller flows, as average expenditure per trip rose by 8.8%. Net receipts from travel services offset 32.4% of the goods...