Tourism's rise expected to end in 2019

Tourism traffic and revenues are expected to stay the same next year as in 2018, while they may even record a mild decline, according to the head of the Greek Tourism Confederation (SETE), Yiannis Retsos.

Turkey's rapid recovery as a destination and the UK's planned departure from the European Union will have an impact on Greek tourism, Retsos explained on Thursday, although he still sees long-term strength in the local industry despite international economic pressures.

The SETE president highlighted that tourism in Greece is completing its sixth consecutive year of growth and that experience has shown that the momentum usually slows after six or seven years.

He also pointed out that "there is a series of unpredictable factors and problems that will play a part in the eventual level of the main tourism statistics." Even so, he expressed optimism about the sector,...

Continue reading on: