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Greecefinancialcrisis Effects on tourismindustry
Summary How and when the crisisblew up Greektourismoverview Greekgovernment’s actions Howthe crisiswillaffecttraveler’s plan
How and when the crisisblew up ,[object Object]
Greek economy before 2010- The Greekhoax ,[object Object],- Budget deficit: 13.6%       - Debtlevel:        115% GDP       - EU/IMF Loan:   110 BlnEuros
How and when the crisisblew up EU CountriesDebts % 2015 Projections: DebtsInsolvency
Greektourismoverview ,[object Object],- Arrivals: 16 Mln     - Tourismweight on GDP: 15%    - Hotels: 9000 - Airportsarrivals      - Total: -7.8%      - International: -5%     -10.1 Mln      - Domestic: +5%     -6.1 Mln
Greektourismoverview ,[object Object],- Arrivals: +2-3%       - Revenues: -8%      - Reservationsreduction          - UK: -7%          - Germany: -10%         - Extimated loss: 2-3 BlnEuros       - Destination: Athens – Mykonos- Santorini       - Reservations positive trendsmarkets:         Italy – France - EasternEurope
Greekgovernment’s actions ,[object Object]
Help workers     - training & preparation     - responsibility ,[object Object]
Incentives- expeciallynewmarkets
How the crisiswillaffecttraveler’s plan Opportunities Cut-priceholidays Better Euro exchange Last minute travels Lessexpensiveairplanecosts LighterCrowds, Lower Stress Threats Unrests and strikes Competitors (Turkey – Croatia – Egypt) Surchages on properties Hotels opening delay Transportsdelay

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Greece financial crisis