This report aims to explore the COVID-19 impact on tourism & travel industry & its recovery on greek & international level. Evidence shows that even though the COVID-19 shock (61.2% decrease in contribution of travel and tourism to Greek GDP during 2020), the Greek tourism & travel industry shows slow & gradual improvement from mid-May 2021. The report further answers the following questions "What was the turnover of hotels during 2020?", "What were the losses of greek hotels during 2020?", “When do you expect a rebound in international tourism in your country?” etc.