Greek Tourism Confederation
Growth in arrivals is slowing down
The growth in air arrivals from abroad slowed and road arrivals fell in September on an annual basis, data from the Institute of the Greek Tourism Confederation (SETE) revealed on Thursday.
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Sea tourism accounts for 3.5 pct of GDP
Sea tourism (sea cruise, coastal shipping and yachting) has contributed about 3.5 percent of Greece's gross domestic product per annum in recent years, bringing in some 6 billion euros, according to a report by the Institute of the Greek Tourism Confederation (InSETE).
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Half of all tourism spending in Greece made on southern islands
One in every four euros that foreign tourists spend in Greece is spent on the islands of the Cyclades and the Dodecanese in the Southern Aegean. If one adds Crete, then almost 50 percent of annual expenditure by visitors to Greece is spent on just a couple of dozen islands.
A third of tourists arrive by car
The number of people visiting Greece by land last year came to 8.3 million - i.e. more than 30 percent of all tourism arrivals in the country (excluding cruise ship passengers) - according to a study by the Institute of the Greek Tourism Confederation (INSETE).
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Tourism provides more jobs than ever before
Tourism employment reached a record high of 400,000 people last summer, according to data compiled by the Institute of the Greek Tourism Confederation (SETE Intelligence).
In the period from July to September 2017, tourism employed 19,000 more people than a year earlier - an annual increase or 5 percent from the 381,000 employed in the summer of 2016.
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Tourism prospers in spite of overtaxation
Despite the excessive taxation, tourism last year directly accounted for the creation of 10.3 percent of the country's gross domestic product, while the sum of its direct and indirect contribution is estimated at between 22.6 and 27.3 percent of GDP, according to the head of the Greek Tourism Confederation (SETE), Yiannis Retsos.
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Opposition chief vows VAT cut on tourism services
New Democracy chief Kyriakos Mitsotakis has vowed to reduce the value-added tax on tourism-related services to 11 percent if he is elected prime minister.
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Aegean Air founder Theodoros Vassilakis dies
Cretan entrepreneur Theodoros Vassilakis, the founder of Aegean Airlines, died on Thursday, aged 78. He was also the man behind car rental company Autohellas-Hertz and car retailer Autotechnica Velmar.
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Tourism ever more vital to country's economy
Tourism constitutes the antidote to recession and unemployment, according to a study by the Institute of the Greek Tourism Confederation (InSETE), as the sector's overall contribution to the country's gross domestic product has recently ranged between 22.6 and 37.3 percent, or 40.3-48.5 billion euros, while in the July-September period of last year tourism accounted for more than one in every s
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Hotel rates climb on Cycladic isles
Top Greek tourism destinations Myconos and Santorini have some of the highest hotel rates in comparison with rival islands in the Mediterranean, as high demand and the limited amount of accommodation infrastructure automatically put pressure on prices, particularly in the three- to five-star categories, according to figures processed by the Trivago website on behalf of the Institute of the Gree
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