Greek tourism highlights path to financial restoration | Information

The Greek tourism sector grew at a charge of 6.9 per cent in 2018, over three and a half instances the tempo of its wider nationwide financial system, which grew by two per cent.

The sector represents a fifth of Greek GDP in comparison with the worldwide common of 10.four per cent.

Which means one in each 5 euros spent in Greece final yr got here from the tourism sector, price €37.5 billion.

In the meantime, one quarter of all employment in Greece is predicated in tourism – equal to just about a million jobs.

Even on the peak of financial efficiency earlier than the monetary disaster, Greece nonetheless employed much less folks in tourism than they did in 2018 (934,000 in 2006), indicating that not solely has the sector financial system recovered however it’s now outperforming its earlier peaks.

The identical is true for GDP contribution, which has by no means earlier than amounted to 20 per cent of complete GDP.

WTTC president Gloria Guevara remarked: “We’re massively impressed by the Greek progress charge, and the federal government methods which have spurred it on.

“Tourism has had an enormous position to play in driving Greek financial restoration, and is a chief employer of individuals.

“Greece is an exemplary case examine of how helpful an asset tourism could be when the federal government prioritises the sector.”

The figures come from the World Journey & Tourism Council’s annual overview of the financial affect and social significance of the sector.

The analysis reveals that in 2018 the Greek sector benefitted from €18.5 billion in worldwide customer spending, representing 27.9 per cent of complete exports.

Two-thirds of inbound Greek journey spend got here from worldwide guests, and one-third from home journey, whereas spending was virtually completely pushed by leisure journey.

The minister of tourism of the Hellenic Republic, Elena Kountoura, remarked: “Our long-term tourism technique that we implement since 2015 led to excellent ends in Greece’s tourism progress, and supported profoundly the Greek financial system in probably the most tough years of the disaster.

“We achieved our goal in creating 1000’s of recent jobs, new enterprise exercise, new sources of earnings, and in mobilising new tourism investments.”




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