Published on : Tuesday, October 24, 2017
2018 is likely to be a record year in terms of tourism. However, this can happen only through steady fortification of the products of tourism, its competitiveness along with sustainable growth that will attract more investment incorporated in the said industry, moving toward growth in terms of revenues and jobs. This was what concluded in the 16th annual conference of the Greek Tourism Confederation or the SETE, which drew to a close on Tuesday.
To quote Yiannis Retsos, SETE’s president, “although the contribution of enterprises and employees is leading the sector to high growth rates in the context of overtaxation, and despite the apparent stabilization of the economy, insecurity remains for most in this economic and social environment.” The conference consensus was that arrivals in the impending 2018 has the possibility to reach up to 30 million in comparison to an estimated 28.5 million this year. Nevertheless, the structural problems continue in the industry which has been propelling the Greek recovery this year.
Overtaxation was the main problem (including the so-called stay-over tax to apply as of next year) and the short of a tourism zoning plan that would initiate investments.