Tourism’s Contribution To Greek Economy To Be Researched

KEPE President Nikolaos Filippas and SETE President Andreas Andreadis during the signing of the cooperation agreement. Photo © GTP

The Association of Greek Tourism Enterprises (SETE) has partnered with the Centre of Planning and Economic Research (KEPE) to carry out studies in regards to the tourism sector’s contribution to the Greek economy.

As announced at a media briefing on 23 July by SETE’s president, Andreas Andreadis, KEPE will research specific topics of tourism interest, develop scientific proposals in accordance with the data and design and evaluate public policies at a European and a national level.

First study to shed light on revenue from inbound tourism

KEPE’s first assignment will be to discover how much of the direct tourism revenue from inbound tourism to Greece will actually remain in the country. (Direct tourism revenue from inbound tourism to Greece this year is estimated at 13 billion euros).

According to SETE, given the fact that the increase in inbound tourists creates direct and indirect revenues in a number of domestic activities (dining, cultural activities, purchases at tourist shops, etc.), the study will aim to reveal the percentage of incoming revenue that remains in Greece, in relation to the amount of money that is re-exported.

The survey will record raw data on arrivals, overnight stays and travel receipts, the profile of tourists, the consumption rate of local, domestic and imported products, and revenue from cultural activities, museums, dining, etc.