(ANSA) - Rome, March 4 - The coronavirus is expected to cost Italy's tourism sector 7.4 billion euros in losses in the upcoming trimester - March 1-May 31 - with an estimated loss of 31.
The new estimates were released after the evolution of the outbreak over the past week, the confederation said.
"The situation is dramatic for the whole sector", said the president of Confturismo-Confcommercio, Luca Patanè. "Unfortunately we are paying the price of media communication which is much more lethal than the virus".
Coronavirus to cost tourism '7 bn euros'
Confturismo-Confcommercio estimates cost of emergency