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Greece's latest tourism industry news by Greek Travel Pages (gtp)

Commission Forecasts 6% Growth for Greece this Year and Drop to 1% in 2023

The Commission is forecasting 6% growth for Greece this year, double the eurozone average, but sees high energy costs and inflation leading to a considerable slowdown to 1% in 2023.

August Yield for Accommodation, F&B Services in Greece up 24.3%

Robust tourist flows to Greece in August increased turnover for accommodation and F&B services providers by 24.3%, according to the Hellenic Statistical Authority (ELSTAT).

Demand for Greece Lifts Restaurant and Hotel Turnover in July

Restaurants and hotels in Greece benefited from the strong tourist flows in July reporting an increase in turnover by 33% and 59.7%, respectively.

Tourism Boosts Greek Business First-half 2022 Turnover

Turnover for Greek businesses increased by 32.3% in the first six months of the year compared to pre-Covid 2019 driven by tourism, manufacturing and inflation, shows data by the Hellenic Statistical Authority (ELSTAT).

Turnover for Greek Hotels and Restaurants Skyrockets in April-June

Strong tourist flows to Greece this year boosted Q2 turnover for hotels to 2.051 billion euros, up by 238.8% compared to Q2 2021.

Restaurants, Hotels in Greece See Surge in June Turnover

Increasing tourism flows to Greece drove restaurant and hotel turnover in June up by 141.4% compared to the same month in 2021, according to data by the Hellenic Statistical Authority (ELSTAT).

Forecasts See Greece Growth at 5.5% in 2022 Driven by Tourism

The Greek economy is forecast at growing by 5.5% in 2022, driven by tourism, despite the consequences of the Covid-19 pandemic, says independent economic research company Capital Economics.

VIP Exclusive Tourism Club on Skorpios Isle Gets Green Light

A multi-million-euro luxury tourism project to go up on the Greek islet of Skorpios, is set to become the playground of the rich and famous.

Greek Growth Strategy: Proactive Actions Needed to Bolster Tourism Sector

A number of proactive actions to support Greek tourism are included in a roadmap for Greece's recovery, proposed by a committee chaired by Nobel Prize-winning economist Christopher Pissarides.

Pissarides Recovery Plan for Greece Proposes Uniform Taxation

A single taxation policy for all incomes is at the center of a plan for Greece's economic recovery, proposed by a committee headed by Nobel Prize-winning economist Christopher Pissarides.

Greece Tables 14-point Growth Plan for Consultation

The Greek government has tabled a 14-point interim growth plan for public consultation, with recommendations on the overhaul of the country's pension system.

OECD: Covid-19 Effect on Tourism to Last Throughout 2020

The impact of the coronavirus health emergency on global tourism is expected to last throughout the year, according to a study by the OECD.

Greece Returns to List of ‘Marketable Risk’ Countries on Jan. 1

Greece will return on January 1, 2020, to the list of “marketable risk” countries for short-term export credit insurance.

SEV: Doing Business in Greece Still Tough

The ease of doing business in Greece is improving but at a very slow pace and with inadequate steps, according to the Hellenic Federation of Enterprises (SEV).

Greek PM: Crete’s North Road Axis ‘Vital for Island’s Development’

The completion of Crete's north road axis is vital for the island’s further development, said Greek Prime Minister Alexis Tsipras.

Study Reveals how Greece can Attract Foreign Direct Investment

Greece can achieve growth by tapping into the manufacture of aircraft and ships - areas that attract foreign direct investment, according to a study carried out by IHS Markit.

OECD: Steep Taxation Taking Toll on Greece’s Growth

Heavy taxation continues to be the leading obstacle to growth in Greece, according to data released by the Organization for Economic Cooperation and Development (OECD).

Works Underway to Get Skorpios Islet VIP Project Ready

Overhaul works on the islet of Skorpios, located off the Ionian island of Lefkada, have begun and include the establishment of a 160-million-euro exclusive luxury unit.

Russian Tycoon Ready to Put Private Isle Skorpios to ‘Good Use’

Russian billionaire Dmitry Rybolovlev is ready to set a 185-billion-euro VIP tourism project into motion on the Greek islet of Skorpios.

PwC: Greece’s Incomplete Infrastructure Works Worth €18.7bn

The backlog of infrastructure projects in Greece has grown to 18.7 billion euros, according to a study released by PwC Greece.
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