Αρχική Economy Greece: Restoring stability and a new perspective of its economy, optimistic news...

Greece: Restoring stability and a new perspective of its economy, optimistic news is already here

ΓΕΠΟΕΤThe General Pan-Hellenic Federation of Tourism Enterprises recognises and acclaims that the efforts paid by the Government have led to a successful outcome at the recent Eurogroup, which gives the necessary relief to the domestic economy to get back on its feet. The main achievement is the restoration of the economic stability of the country and of its image abroad.

GEPOET in alignment with other tourism stakeholders recognises the vital role tourism plays in supporting the Greek economy and creating growth, bringing back hope for a better future to all Greek people.

In this context, the recent decision on debt sustainability in combination with social serenity and harmony prevailing the last months in the country is expected to multiply the positive messages from our tourism partners abroad, even in markets which until recently recorded negative performance.

Specifically in the U.S. market the climate is changing and the prebookings are far better compared to the last year. Qatar Airways announced the direct air connection of Greece with the U.S. in 2013 and another airline is expected to do so with Canada, which will increase the arrival of foreign tourists from these markets. The same momentum is observed in Scandinavian countries where similar actions are planned by local airlines to new destinations in Greece due to increased demand.
 
Last but not least, the recent CITM in Shanghai China revealed a rising interest from this market and according to the Greek consulate, the demand for visa boosted 50% compared to 2011. This momentum is expected to continue.

Once again the private sector rised to the level of expectations and exceeded itself in order to accelerate actions and bring the Greek tourism back on track. The least expected from the Greek Government is that these funds (that have been recently approved by EU and IMF) should be used through development driven policies and must be directly funneled to the market for restoring its liquidity. The up-to-date news is encouraging enough and unless something unexpected occurs, our estimations for the upcoming season are quite encouraging.