Abolition of cabotage failed to boost Greece cruise sector
When the cabotage regime preventing foreign-flagged cruise ships from easily plying Greek waters was abolished in 2010, primarily due to the advent of the punishing economic crisis, hopes were raised that the high-value tourism sector would finally flourish.
Those hopes, however, have been dashed in the meantime, as Greece failed to take advantage of cabotage’s abolition, with the country remaining in third place, as far as European cruise destinations is concerned, but with a decreasing market sector.
The current year’s passenger traffic for cruises was mainly preserved due to the collapse of the neighboring Turkish market. Most of the vessels plying the east Mediterranean’s waters in 2016 found shelter in Piraeus, as a home port. However, more pessimistic estimates for 2017 point to a possible loss of 20 to 30 percent, yoy.
According to market analysts, the Aegean islands alone cannot create a singular market without Turkey’s Asia Minor resorts and destinations, regardless of the fact that Greece remains the safest and surest holiday destination in the region.
You may be interested
BBC: The last speakers of Ancient SpartaPanos - Jun 22, 2021
As you enter the mountainous village of Pera Melana in Greece’s southern Peloponnese peninsula, you’re likely to hear the roar of…
Mitsotakis: We expect the extension of our EEZ demarcation agreement with Egypt soonPanos - Jun 22, 2021
The Greek Prime Minister, Kyriakos Mitsotakis, is in Cairo, for his official visit to Egypt. Kyriakos Mitsotakis was received at…
FM Dendias in Luxembourg: PM Mitsotakis to visit Baghdad soonPanos - Jun 22, 2021
Greek Prime Minister Kyriakos Mitsotakis is expected to visit Baghdad shortly, Foreign Minister Nikos Dendias said at doorstop comments prior…