28 million arrivals expected in Greece in 2017
All the signs indicate that Greek tourism is expecting a very successful summer season. Greek hotel owners and industry professionals are confident the current season will be extended based on messages by foreign tour operators and are already setting their eyes on the next season. 2017 is considered a success, despite the slow start in the year, as the Greek Tourism Confederation (SETE) expects arrivals to exceed 28 million (including cruise-ships), with estimates of revenue reaching 14.5 billion euros.
According to a study conducted by GBR Consulting, Athens and Thessaloniki saw a double digit rise in revenues during the first quarter of 2017, while the data for resort bookings was also impressive. Meanwhile, the Hellenic Hotel Federation predict vacancy capacities will hover around record numbers for the season, provided stability remains in the wider region. However, the issue of the tax for overnight stays, which is scheduled to take effect from the start of 2018 is of concern in the industry, as it will push revenues down.
You may be interested
Things to do when visiting Paleokastritsa, CorfuPanos - Jul 21, 2017
Paleokastritsa in Corfu Greece is one of those places that has an otherworldly appeal. Located in the northwest coast of…
Kos airport management reports says facility operating normally, safely; only minor delays citedPanos - Jul 21, 2017
Fraport Greece on Friday morning assured that the airport on the quake-hit island of Kos is operating normally and safely…
Inaugural sale of Greek bank’s NPL portfolio set for AugustPanos - Jul 21, 2017
The inaugural sale of a portfolio of "bad debt" held by Greece's systemic banks is expected in early August, with…