Abolition of cabotage failed to boost Greece cruise sector

7 November 2016
696 Views

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

PM Mitsotakis cites Greek Constitution to back mandatory vaccinations
GREECE
shares25 views
GREECE
shares25 views

PM Mitsotakis cites Greek Constitution to back mandatory vaccinations

makis - Jul 23, 2021

Prime Minister Kyriakos Mitsotakis cited the Greek Constitution in response to those opposing mandatory Covid-19 vaccination during his meeting with…

Who Has Spent The Most Time In Space? (infographic)
WORLD
shares37 views
WORLD
shares37 views

Who Has Spent The Most Time In Space? (infographic)

Panos - Jul 22, 2021

As Russia celebrates 60 years since Yuri Gagain became the first person to orbit the Earth, the state of space travel looks…

What Do Americans Think Of Famous Billionaires? (infographic)
FINANCE
shares39 views
FINANCE
shares39 views

What Do Americans Think Of Famous Billionaires? (infographic)

Panos - Jul 22, 2021

Hot on the heels of fellow billionaire Richard Branson, Amazon founder Jeff Bezos is set to blast into space. He…

Leave a Comment

Your email address will not be published.