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Greek tourism to enjoy a great year in 2016

  • Published by Ozgur Tore

santorini sunset2016 will be a great year for Greek tourism according to current economic and political situation. According to an Alpha Bank report released last week, Greek tourism in 2016 appear positive thanks to the friendly exchange rate of the euro against major currencies. Meanwhile although last year's terror events in Paris do not seem likely to impact incoming tourism according to the report, yesterday's attack in Istanbul may have an impact of tourists moving to Greece which is considered a safer destination.

Indicatively, according to the World Economic Forum’s Travel & Tourism Competitiveness Report, Greece was ranked 57th in terms of safety and security among 141 tourist destinations, including major competitors such as Turkey, Egypt and Tunisia.

The Alpha Bank report also estimates that Greece is set to benefit from the Turkey-Russia conflict, with the number of Russian holidaymakers to Greece expected to rise in 2016.

The report concludes, that the tourism sector managed in 2015 to boost the Greek economy in a time of crisis with the number of tourist arrivals and travel receipts growing for a third consecutive year, showing resilience despite the capital controls and the escalating refugee crisis.

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