How dramatically will the Russia/Ukraine conflict impact tourism on Crete? For starters, losing almost half a million visitors is not good.
Numbers from a new study released by INSETE, the Greek Tourism Confederation’s (SETE) intelligence body show big growth on lesser returns. According to the study arrivals in Greece increased by almost 90% in the period 2005 – 2017. Meanwhile, the average tourist spend dropped by 30% on the view of source markets. Once again, however, sustainability for Greece’s tourism seems a highly subjective case in point. Here’s the report, followed by some objective observations.
Despite the expansion of the Greek tourism sector, the growing inflow of tourists has failed to stimulate trade, according to findings released by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE).
A brief announcement from TUI Travel, TUI Travel is slated to issue their financial results for the period ending 31 December via conference call on Thursday, 7 February 2013.