SETE: Brexit Expected to Bring Changes in Greek Tourism

The UK’s vote for Brexit creates new circumstances and info for Greek tourism, in line with the Greek Tourism Confederation (SETE).

SETE mentioned in an announcement on Monday that the change fee of the pound and any adverse growth in GDP will play key roles in developments.

“A big depreciation of the British forex and/or fall of GDP can have adverse impacts on each the arrivals and the common per capita expenditure in euros, therefore the full income of Greek tourism from the British market, which by the way turns into aggressive for European journey”, the confederation famous.

In response to SETE, the modifications are additionally anticipated to have an effect on the patron habits of British vacationers and subsequently on arrivals and revenues, primarily in relation to “solar and sea” holidays since a big share of bookings is made on the final minute (as much as one month earlier than departure), ie in June and July/August.

SETE underlined that final minute bookings for different types of leisure journey (metropolis tourism and cultural tourism) and convention and incentive journey may additionally be adversely affected.

Furthermore, SETE mentioned that whereas the UK leaves the EU, new info will happen for the modifications to be made within the construction and functioning of the British market — one of many largest and most necessary for the worldwide journey and tourism market.

Explicit point out is made to the potential of modifications within the aviation sector (routes, fares) with no matter this brings to the essential journey package deal (lodging, transport) which has a key position within the vacation spot choice course of by the customer.

SETE mentioned that every one incoming knowledge is being collected, evaluated and analyzed by SETE Intelligence in an purpose to quickly current a extra full image of this unprecedented scenario, potential situations for “the following day” and the dangers and issues that may erupt for Greek tourism.

Some 2.5 million British vacationers select locations in Greece for his or her holidays.