Greek Tourism Confederation

Despite the excessive taxation, tourism last year directly accounted for the creation of 10.3 percent of the country's gross domestic product, while the sum of its direct and indirect contribution is estimated at between 22.6 and 27.3 percent of GDP, according to the head of the Greek Tourism Confederation (SETE), Yiannis Retsos.

New Democracy chief Kyriakos Mitsotakis has vowed to reduce the value-added tax on tourism-related services to 11 percent if he is elected prime minister.

Cretan entrepreneur Theodoros Vassilakis, the founder of Aegean Airlines, died on Thursday, aged 78. He was also the man behind car rental company Autohellas-Hertz and car retailer Autotechnica Velmar.

Tourism constitutes the antidote to recession and unemployment, according to a study by the Institute of the Greek Tourism Confederation (InSETE), as the sector's overall contribution to the country's gross domestic product has recently ranged between 22.6 and 37.3 percent, or 40.3-48.5 billion euros, while in the July-September period of last year tourism accounted for more than one in every s

Top Greek tourism destinations Myconos and Santorini have some of the highest hotel rates in comparison with rival islands in the Mediterranean, as high demand and the limited amount of accommodation infrastructure automatically put pressure on prices, particularly in the three- to five-star categories, according to figures processed by the Trivago website on behalf of the Institute of the Gree

Demand from foreign tour operators for air seats to Greece this year is showing an annual increase of 21 percent, according to the air carriers schedules.

London's World Travel Market this month offered some fresh positive signs regarding British visitors to Greece next year.

Tourism will likely have another record year in 2018, but it is only through the constant strengthening of the tourism product's competitiveness and sustainable growth that more investments can be implemented in the sector, leading to growth in revenues and jobs. This was the conclusion of the 16th annual conference of the Greek Tourism Confederation (SETE), which ended on Tuesday.

German and British holidaymakers accounted for a third of arrivals from abroad and 30 percent of tourist spending last year, according to Bank of Greece data for 2016 processed by the Institute of the Greek Tourism Confederation (SETE).

The Greek Tourism Confederation (SETE) is calling for the formation of a special, investment-friendly zoning plan for tourism.