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Greece Must Attract its Largest Source Market to Reboot Economy

Greece saw 35,3 million international arrivals in 2019 and was forecast to welcome 37,1 million arrivals this year pre-COVID-19. However, the impact of COVID-19 has seen that projection fall to 24,3 million, according to the latest figures from GlobalData, a leading data and analytics company.

Nevertheless, TUI announced that the German market has been showing a significant rise in demand for holidays to Greece. This comes following the lifting of travel restrictions by the German government. This will allow Greece to attract tourists in time for the usually busy summer period.

Amber Barnes, travel and turism Analyst, GlobalData, commented, “It is critical for Greece to attract tourists as it is a key pillar of the country’s economy. Germany is crucial for Greek tourism, not only because it sent four million tourists in 2019, but also because other major markets for Greece still have travel restrictions in place. Greece opening up for tourism will help the country to reboot a vital part of its economy.”

In GlobalData’s recent COVID-19 Germany consumer survey, 59 percent of German respondents highlighted they are extremely or quite concerned about the pandemic. Despite lockdowns being eased and the tourism industry showing signs of recovery, people’s doubts about traveling are still apparent.