2011 is bound to be better than 2010

January 2, 2011

After a very problematic 2010, the greekhoteliers, are forecasting a better 2011. “Greece is now a competitive destination in relation to Turkey and other European destinations,” says Giorgos Tsakiris, president of the Hellenic Chamber of Hotels. “Barring events that could turn people away, next year is bound to be better than 2010.”

Greek hotels managed to keep the number of visitors up during a very hard year, with great reductions in room prices. But that will not be enough for 2011. Hoteliers are asking a reduction in VAT for  tourism services, as it is shown that for 1 percent decline in the price, a 3 percent increase is expected in the number of visitors. More visitors ultimately mean more money for the central government as well, even with a lower vat income.

 

 


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