Goldtrail collapse leaves thousands stranded

The collapse of Goldtrail has caused significant frustration among passengers, with many facing unexpected costs and delays. The Civil Aviation Authority is working to bring back 16,000 stranded travelers, particularly affecting those in Greece. The travel industry is facing multiple challenges, including economic downturns and previous hits like the Excel collapse in 2008. The recession and other factors have led to a decline in foreign travel, impacting both passengers and the industry.

What impact did the recession have on the travel industry according to the speaker?

What percentage was foreign travel down by last year?