Investing in tourism

COMMENT

A number of important investments are under way in Greece’s tourism sector, and this is of course very good news for the economy.

Prospects are strong indeed, and they have the potential of turning tourism into an engine to power the country to recovery.

A number of major infrastructure projects – such as the development of the old Athens airport at Elliniko, south of Athens, and the redevelopment of the capital’s southern coast – could also benefit from private investors turning Greece into a top tourism destination.

That said, the debt-hit country should aim to extend its tourism season and attract more high-spending visitors. Breaking records in terms of arrivals is not an accurate indicator of success.

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