SETE Chief Says 2016 ‘Last-minute’ Year for Greek Tourism

Over-taxation, the elusive sharing financial system, non-performing loans, and missing incentives are the principle areas that have to be addressed and reformed if the Greek authorities desires tourism to proceed to be a driving drive of the financial system, Greek Tourism Confederation (SETE) President Andreas Andreadis mentioned on Thursday, through the 1st Greek Tourism Convention held in Athens.

Mr Andreadis made it clear that tourism can proceed to usher in money to state coffers so long as decision-makers notice the importance of facilitating progress and never hampering it. Fees launched this 12 months alone have taken a ten % chew out of the vacationer’s pocket and slashed the potential for restoration of competitiveness by 50 %, he mentioned.

His outlook for 2016 is reluctantly optimistic, describing it as a “final minute 12 months” as a result of inconsistency of bookings and added that the constructive end result is extra as a result of geopolitical occasions within the area fairly than efficiency, including that the doable constructive end result of the season is not going to be balanced for the entire nation with quite a lot of locations and companies dealing with losses.

SETE’s president outlined the goal for 2021: 35 million arrivals and 20 billion euros in revenues for tourism, which he mentioned could be achieved if annual funding quantities to 2 billion euros beginning in 2016 with 80 % participation of the non-public sector and 20 % by the federal government.

In his deal with to the contributors of the convention, collectively organized by Eurobank and SETE, he referred to the dramatic decline in home tourism through the disaster interval, which went from 3.2 billion euros in 2008 to 1.4 billion euros in 2014, affecting areas and companies that didn’t have the suitable infrastructure, product and advertising instruments, thus failing to rework their tourism product.

Representing over 50,000 tourism-related companies in Greece, Mr Andreadis spoke of unprecedented tax measures, which is able to inevitably result in the sector’s demise if decision-makers proceed to burden the shopper, the product and the enterprise. He additionally referred to the sharing financial system, which he mentioned price the state 300 million euros yearly and is nearly left uncontrolled.

SETE’s chief concluded that the federal government ought to look into securing extra EU funds, which ought to then be directed to all tourism enterprises, small or giant, with a view to create infrastructure that can result in new jobs and take Greek tourism to the subsequent stage.