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The Greek tourism sector is rising thrice sooner than the economic system usually

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In 2018, the tourism and journey sector in Greece grew by 6.9%, three and a half occasions the tempo of its wider nationwide economic system, with progress of two.zero% %.

The sector accounts for 20.6% of Greek GDP, in contrast with a world common of 10.four%. Because of this one in 5 years spent in Greece final 12 months got here from the Journey & Tourism sector, value 37.5 billion euros (44.6 billion US ).

On the identical time, 1 / 4 of all jobs in Greece are based mostly within the journey and tourism sector, which corresponds to 988.6 thousand jobs. By 2019, this determine is anticipated to exceed a million for the primary time because the begin of WTTC registrations.

Even on the peak of financial efficiency previous to the monetary disaster, Greece nonetheless employed fewer individuals in Journey & Tourism than in 2018 (934.5k in 2006), which signifies that The economic system of the sector has recovered, however it’s now outperforming. his earlier summits.

The identical goes for the contribution to GDP, which by no means reached 20% of complete GDP.

These figures come from the World Journey & Tourism Council (WTTC) annual assessment of the financial influence and social significance of the sector. Analysis, carried out almost 30 years in the past by WTTC, representing the worldwide personal sector within the journey and tourism sector, reveals that in 2018, the Greek sector:

Exceeded the EU regional progress price of two.four% for journey and tourism. The broader economies of the EU and Greece grew by 2.zero%, however the journey sector in Greece exceeded regional averages.
Benefited from 18.5 billion euros in worldwide customer spending, accounting for 27.9% of complete exports.
Two-thirds of journey bills from Greece got here from worldwide guests (66%) and one-third from home journey (34%).
It was motivated by leisure spending, which accounted for 94% of tourism spending, in comparison with 6% for companies.

Gloria Guevara, President and CEO of WTTC, stated, "We’re extraordinarily impressed with Greece's progress price and the federal government's methods which have stimulated it. Journey & Tourism has performed a number one position within the financial restoration in Greece and is the principle employer of the inhabitants. Greece is an exemplary case examine of the worth of journey and tourism when the federal government offers precedence to the sector. "

The Minister of Tourism of the Hellenic Republic, Elena Kountoura, stated: "Our long-term tourism technique, carried out since 2015, has achieved outstanding outcomes for tourism progress. in Greece and has deeply supported the Greek economic system in probably the most troublesome years of the economic system. disaster. Now we have achieved our objective by creating hundreds of latest jobs, creating new companies, creating new sources of income and mobilizing new investments in tourism.

With our progress plan for the subsequent day, we intend to keep up the sturdy momentum of Greek tourism and maximize the advantages for Greek native communities, recognizing that the immense worth of tourism as a vital driver of financial prosperity, social and employment. "

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