Tourism sector's growing split

Greece will be a two-tier tourism market this year, and the performance gaps between different sectors, enterprises and destinations look set to broaden.

According to the president of the Greek Tourism Confederation (SETE), Andreas Andreadis, bookings for 2017 are in positive territory. However, the destabilization of Turkey is generating concern as this will hurt Greek tourism in the long term.

The determining factor for tourism in the Mediterranean this year will be security levels at destinations that court the same markets as Greece. Already a large section of the tourism market that Turkey is losing due to successive terrorist attacks in Greece's eastern neighbor is heading to other destinations.

The limited options in the stock of hotel beds at safe destinations for the upcoming season is spreading the interest of foreign tour operators across Greece, Cyprus...