50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

TUI forecasts record tourist demand for Greece this year

Published 07/10/2022, 07:00 AM
Updated 07/10/2022, 07:05 AM
© Reuters. FILE PHOTO: People enjoy the sea at Barbati beach on the island of Corfu, Greece, June 30, 2022. REUTERS/Adonis Skordilis

ATHENS (Reuters) - Holiday group TUI expects the highest level of demand for Greece on record this year, its director of Communications Aage Duenhaupt told Athens news agency on Sunday.

Tourism accounts for about 20% of Greece’s gross domestic product and has a crucial role in helping the economy to emerge from a decade-long debt crisis followed by the COVID-19 pandemic.

"Greece is again this summer one of the most popular holiday destinations. We expect the highest level of demand ever," Duenhaupt said.

"In total the group is expected to bring around 3 million holidaymakers to Greece. A higher number of visitors than before the pandemic, when it was 2.8 million," he added.

TUI has said it expects to become profitable again in 2022 as countries have lifted restrictions on movement.

Greek officials have said they expect the sector to bring in 80% of the record 18 billion euros ($18.33 billion) of revenues generated in 2019, before the pandemic, on the basis of 33 million arrivals, compared with the 14 million visitors from abroad last year.

© Reuters. FILE PHOTO: People enjoy the sea at Barbati beach on the island of Corfu, Greece, June 30, 2022. REUTERS/Adonis Skordilis

They could face disruption, however, as strikes and staff shortages have forced thousands of flight cancellations across Europe.

($1 = 0.9820 euros)

(Reporting Lefteris Papadimas; editing by Barbara Lewis)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.