Surveys, Trends & Stats ETC: Will Greece Feel the Pinch of the Brexit in the Short-term? by GTP editing team 13 July 2016 written by GTP editing team 13 July 2016 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 14 The Brexit inevitably sparks tourism fears concerning air fares and the future of border travel, the European Travel Commission (ETC) notes in its latest report “European Tourism – Trends & Prospects” (Q2/2016) released on Wednesday. “While airlines are still assessing how exactly the Brexit will impact their industry, for the moment, the weaker pound has immediately made outbound trips for UK inhabitants more expensive”, the ETC said. As noted in the report, Britons will certainly continue to travel, but, it still remains to be seen whether key tourism destinations for this market (Spain, France, Italy or Greece) will feel the pinch of the Brexit in the short-term. Conversely, Europe has now become even more appealing for US citizens with a weaker pound and euro against the dollar. Sustained Growth in European Tourism Towards the Summer Peak Season According to the ETC’s latest report, a vast majority of European destinations saw a bumper increase in arrivals in the first five months of the year, with 1 in 2 recording double-digit growth. “The current scenario in Europe points towards sustained growth amid a volatile political and economic environment in the first trimester of the year”, the ETC says. According to the quarterly insights report, top performing destinations are Iceland (+35%), Slovakia (+24%) and Cyprus (+21%). High growth is also reported in Ireland (+17%) and Romania (+16%), while traditional Mediterranean destinations such as Portugal (+14%) and Spain (+13%) are hitting records outside peak seasons. “This positive momentum is mainly driven by improving economic conditions, the unrelenting efforts of destinations to increase the number of off-season visitors, and the continued interest for European tourism products from large intraregional and overseas markets”, the ETC said. Moreover, Russian demand has shifted as 13 out of 27 reporting destinations saw a sizable rebound from the falls experienced in the same period last year, particularly Cyprus (+53%) and Malta (+28%). On the flip side, Turkey records a 16% decline in foreign arrivals attributable to persistent safety concerns. Recent attacks in Atatürk, the country’s busiest airport, are expected to impact on Turkey’s tourism industry further in the near future. It should be noted that Greece is absent from the list as, apparently, no data was given for the country. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Greek Rail Workers Continue Strike Until Thursday, July 14 next post Greek Tourism Enterprise Body GEPOET Talks Business in China You may also like Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek Hotels See Revenue Boost in 2024, Driven by Higher Room Prices 4 February 2025 European Aviation Sector Calls for Stronger EU Support to Reach Net-Zero by... 4 February 2025 Greece Among Top Choices for Long-Haul Travelers in Winter/Spring 2025 3 February 2025 Greece and Turkey Top Destinations for Bulgarian Travelers in 2024 3 February 2025 Study: London Becomes Top Destination for Greek Travelers in 2024 31 January 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ