World Travel Market

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Will/Can European governments influence tour operators and consumers to travel to Greece?

With the closing of WTM 2011 we can look back upon a couple of days filled with new contacts, meetings with old acquaintances and interesting market views. One topic stood out, when talking to companies operating in or to the Mediterranean, how will the situation in Greece influence travel, more specifically, how important is tourism to restore the economy and with that support the European bailout scheme? Some actually fear that governments will pressure tour operators to put more emphasizes on the Greece holiday offerings, boosting sales and local economy, but will tour operators play along that easily?

The North African region, suffering from revolutions in 2011, is foreseen to recover partly in 2012, there is especially a large interest from Russia in these markets, which will result in a strong growth in the number of Russian tourists. Will Italian and French travelers also return to their traditional destinations in 2012?

 

2 Comments

Ihsan Berktas
November 11, 2011
I believe the expectation of a severe decrease in costs of accommodation in Greece for S12, will itself be enough to boost Greek resorts in many travel markets. Yet it will most certainly harm the reputation of Greek destinations as lower prices comes with their lower class (I'm talking only on economic terms here) clients. So in the end, the crisis is highly unlikely to turn out to be an opportunity for tourism in Greece. Simply, a higher volume; with a lower price and consequently lower returns per unit sold. This is never good.
Midge
December 9, 2011
In the complicaetd world we live in, it's good to find simple solutions.

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