Greek Tourism to rake in 4.1 billion investments

The outlay in the tourism sector is said to be one of the key factors for Greek economic growth. Now they are set to attract 4.1 billion euros whereas projects budgeted at 3.2 billion euros are already in the pipeline.

The submission of 250 project plans that are calculated at 900 euros to the economy ministry with the waiting list of other projects budgeted at 3.2 billion, seems like the southeast European country, Greece, has done the groundwork really good.

This year more than 195 investment plans have been submitted to the ministry of tourism, out of which 125 concerns only hotels one tourist resort, five conference centres two golf courses, 10 ski resorts, three theme parks, 24 hot spring facilities and 25 mountain resorts.

Income from the sector is believed to hit 14.5 billion euros in 2017, as per the Greek Tourism Confederation (SETE). But for the tourism industry to continue its healthy course of growth it is essential for them to curate 5-7 billion euros over the next four years

The interest of major international players like TUI Group, Four Seasons, Marriott, and Wyndham, and others has helped Greece to improve its reputation in this sector.