Greece Tourism helps to boost the economy since financial crisis


Tourism in Greece has directly generated 125 billion Euros to the economy, while 230 million people have travelled to the country since the start of the financial crisis in Greece informed the President of the Greek Tourism Confederation (STE), Yannis Retsos.

Speaking during the closed session of the confederation’s 27th General Assembly in Athens recently, Retsos underlined the value of the tourism sector for the Greek economy and said tourism has started to gain a positive experience.

“Greece has been rising over the last nine years from an unprecedented economic crisis. Greek tourism remained the spearhead of the wounded economy, the primary sector of contribution to national GDP and a major sector for jobs,” he said.

According to STE’s data, the tourism sector in 2018 directly contributed 22 billion Euros to the Greek economy.

“During Greece’s peak tourism season, the sector contributes almost 20% of the total employment of the country,” he added, also mentioning that in the last three years, private investment in Greek hotels worth of 5.6 billion Euros was carried out.

“Tourism is a unique, valuable asset for our economy, for Greece, for all,” he added.

Retsos also commented that during the pre-electoral period of the recent local and regional elections in Greece, tourism was high on the agenda in many parts of the country in a more meaningful way than it had ever been in the past.