The Association of Greek Tourism Enterprises (SETE) launched its April information bulletin, in accordance with which there was a divergence of tourism arrivals and revenues. The information, recorded by SETE Intelligence, revealed that the typical day by day spending by international vacationers in Greece in 2016 stood at 67 euros, a drop compared to the 70-75 euros guests had been steadily spending the earlier years. This determine, together with a unbroken decline within the common keep interval, adversely affected the per capita expenditure.

Although the bulletin factors out that the inverse relationship between an increase in arrivals and a drop in income will not be unprecedented (occurred in 2007, 2010 and 2012), it notes that 2016 marked the primary time a divergence between stays and expenditure had been noticed. This could be defined by a mixture of things, together with a shift in inbound tourism with a lower in journey from high-spending international locations like France and the USA for worry of terrorism, to an increase in guests from low-spending international locations to Greece like Romania and Albania who confirmed relative financial progress.

Furthermore, a drop in common per capita expenditure, in addition to the day by day common spending from conventional markets like Germany and the UK contributed to the general decline in revenues.

In extra element, the biggest lower in revenues got here from France, different international locations (outdoors EU), the US, Germany and Italy which accounts for over 1 billion euros. SETE officers attribute the shift to a lot of causes together with:
-Terrorist assaults in France in 2016
-US travellers restricted their journeys to Europe as a result of terrorist assaults in France, Belgium and Germany.
-Due to the uncontrolled movement of refugees and migrants into Europe and the following shutting down of routes inside the EU.
-Due to the political turmoil and uncertainty brought about in Turkey throughout and after the failed coup try in July 2016.
In distinction, arrivals from Britain and Germany there was an increase in stays with a drop on spending primarily as a result of final minute gives. A constructive signal is the rise in arrivals from Romania, in addition to third-non EU international locations, in addition to Cyprus, Spain and Albania. Despite the encouraging indicators of an increase in inbound flight bookings to Greece for the summer time season, in addition to a lift in client confidence index in all sides of Greek tourism, the inbound tourism information for the primary quarter of 2017 will not be as optimistic. According to administrative figures from the entire of Greece’s main airports, there was solely a 1.7% enhance in worldwide arrivals.

Stefania Souki

ΙΝΣΕΤΕ1

SETE: Greek tourism arrivals up, income down (graphs) by: Farah Grimm published:

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