Brexit seen to hurt tourism from next year

Kathimerini English - - Front Page - STATHIS KOUSOUNIS

The con­se­quences on the Euro­pean econ­omy from the UK’s pos­si­ble de­par­ture from the Euro­pean Union con­sti­tute a threat to Greek tourism al­ready from next year, ac­cord­ing to the pres­i­dent of the As­so­ci­a­tion of Hel­lenic Tourism En­ter­prises (SETE), An­dreas An­dreadis.

An­dreadis says that the tourism flow to Greece is di­rectly linked to the course of the economies of the coun­tries on which Greek tourism de­pends.

The first di­rect ef­fect from the Bri­tish mar­ket is associated with the fall of the pound against the euro, which is in­creas­ing the cost of hol­i­days for Bri­tons to Greece and other pop­u­lar des­ti­na­tions in south­ern Europe.

In 2015, some 2.4 mil­lion Bri­tish cit­i­zens came to Greece on hol­i­day, spend­ing a to­tal of 2 bil­lion eu­ros. This year about half a mil­lion book­ings are left to match last year’s ar­rivals fig­ure but the ad­di­tional cost may put reach­ing that fig­ure that at risk.

Greek hote­liers are more con­cerned about next year, as ma­jor tour op­er­a­tors hit from the drop of the pound and the de­cline in out­go­ing tourism from the UK will de­mand cut in prices dur­ing ne­go­ti­a­tions for the 2017 pack­ages. Hote­liers also fear a domino ef­fect from a Brexit on other Euro­pean economies, which could af­fect in­com­ing tourism.

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