Financial News: Tourism to contribute more than 1.0% of GDP this year

Greek tourism will contribute more than 1.0 pct to the country’s Gross Domestic Product (GDP) as a result of a very good season this year, with tourist arrivals and tourism revenues reminiscent of 2007, when arrivals totaled 16.5 million and revenues totaled 11.3 billion euros, Andreas Andreadis, president of SETE said on Thursday.
Speaking to ANA-MPA, Andreadis said tourist arrivals were expected to reach 16.5 million euros and tourism revenues to grow more than 12 pct from last year.
Spyros Galiatsatos, the president of hoteliers on the island of Cephallonia, told the ANA-MPA that the local tourism has finally stopped its downward trend, while he expressed satisfaction over developments in tourism figures.
The islands of Rhodes and Kos in the Dodecanese continued leading a rise in tourist arrivals, with increases of 28.2 pct and 26.2 pct in the January-July period, respectively, followed by Irakleio, Crete (14.4 pct), Hania, Crete (8.52 pct) and Thessaloniki (11.77 pct).

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