Published on : Wednesday, February 27, 2019
The anticipated mild slowdown in the European Union growth rate from 1.9 percent in 2018 to 1.5 percent this year will probably have a negative effect on the growth rate in terms of demand for tourism services.
European Central Bank figures assure that growth in per capita income in Germany is more and more heading toward savings and not toward services like traveling. The Germans, a vital market for Greek tourism, were seen to have lessened their bookings for vacations abroad this summer by almost 2 percent by the end of last month.
Even so, not considering international conditions, the long-term trend of the Greek tourism product remains progressively positive, Alpha notes. For growth potential of tourism to be realized, though, Greece requires to build up alternative forms in terms of conference tourism, environmental tourism, agritourism etc, and improve the value-for-money ratio.