Italy's tourism industry devastated by the coronavirus pandemic.

The covid-19 crisis is threatening the survival of more than 40,000 companies and 184,000 jobs in Italy's tourism industry, according to a report by Rome-based research firm Demoskopika.

The businesses risk failure after a contraction in turnover of at least €10 billion, according to Demoskopika, which described the figures as the worst facing the tourism industry since 1995.

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Demoskopika also said that there 7,000 fewer tourism companies in business after the first quarter of this year, as reported by Italian news agency ANSA.