Greece Tourism Report - Business Monitor International - Industry Reports

Greece Tourism Report

Greece Tourism Report - Business Monitor International - Industry Reports
Greece Tourism Report
Published Aug 20, 2016
30 pages — Published Aug 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Total arrivals, --- (LHS) Total arrivals, ---, y-o-y (RHS) ---- ---- ---- ----f ----f ----f ----f ----f - --,--- --,--- --,--- --,--- - -- -- -- -- e/f = BMI estimate/forecast. Source: National sources, BMI The main source region for Greece is Europe, with North America coming second and the Asia Pacific region third. ...Greece is undertaking several measures to improve its attractiveness to foreign visitors. Arrivals from the Middle East will get a boost from a lifting of visa restrictions - UAE citizens, for example, have been granted visa-free travel across the Schengen area from May ---- - and an expansion of flight routes such as new connections to Saudi Arabia and Iran. The dominance of European arrivals is clear from the top -- markets by arrivals to Greece, all of which are European. Germany will retain its top spot in ----, accounting for estimated -.--mn tourists - a trend we expect to continue all the way into ---- - when we see German tourists to Greece exceeding -.--mn. The UK will retain its second spot in ---- and out to ----, with -.-mn UK tourists visiting Greece in ----, a number we forecast to reach over -.-mn by ----.

...Greece will receive a crucial boost from the decline in tourism to traditional summer holiday destinations such as Turkey, Tunisia and Egypt this year and over the coming years as deteriorating security situations and geopolitical concerns have hindered tourism prospects in competing markets. Holidaymakers are favouring stable and secure destinations such as Spain, Greece and Portugal to over traditional packaged holiday markets. ...Holidaymakers are favouring stable and secure destinations such as Spain, Greece and Portugal to over traditional packaged holiday markets. While a number of airlines are expanding flight routes to Greece, including British Airways, which is launching new flights to Kalamata and Chania in summer ----, Greece has come under criticism from leading budget airline Ryanair, which has announced it will cut summer season flights to Greece two months earlier than usual due to disputes relating to tourism taxes. The tourism ministry reports that there have been --- applications for the development of new four- and five-star hotels so far in ---- and more may be added over the next few years - though we note the introduction of increased VAT on hotel stays (from -.- to -- ) may affect bookings. ...We believe that inbound tourism arrivals will increase on average by -.- y-o-y. An estimated --.-mn visitors are expected to visit Greece in ----, a number we see jumping to over --mn by ----.

...We are of the opinion that growth will be strong in ---- and over the course of our current forecast period, out to ----. The ongoing refugee crisis, in our opinion, has not negatively impacted Greece to a very high degree as geopolitical uncertainty in other popular tourism destinations is benefitting Greece at present. ...

  
Source:
Document ID
1747-8898
Country
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Greece Tourism Report" Aug 20, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Greece-Tourism-Report-2026-334>
  
APA:
Business Monitor International - Industry Reports. (2016). Greece Tourism Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Greece-Tourism-Report-2026-334>
  
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