2014-02-07 22:27:03 - Greece Tourism Report Q1 2014 - a new market research report on companiesandmarkets.com
While Greek inbound travel is likely to increase throughout our forecast period to 2017, outbound travel, thanks to the struggling domestic economy, is likely to decline in year-on-year terms. The country does, however, present viable long-term investment opportunities, as development costs are relatively low in comparison to other countries within the eurozone.
The growth in inbound travel is dependent on a lasting improvement in the economic situation of major tourism source markets within the eurozone, in particular the UK and Germany. BMI is forecasting flat growth for the eurozone in 2013, with growth accelerating to 1.2% in 2014. Despite the economic limitations, inbound travel to Greece is likely to increase, as it is perceived as a more affordable holiday destination in
comparison with other EU countries. As such, we expect inbound arrivals to reach over 19.1mn per year by 2017, up from 15.8mn arrivals in 2013.
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