Greece’s tourism Investments set to climb to 4.1 billion euros

Increased investments in Greece’s tourism industry  are set to reach 4.1 billion euros, while projects budgeted at 3.2 billion euros are already moving ahead, confirming the tourism sector is a major key to Greece’s economy.

250 project plans budgeted at 900 millon euros have already been submitted to the economy ministry, while a series of projects budgeted at 3.2 billion euros are in the pipeline waiting tfor approval to proceed.

In 2017 so far, more than 195 investment plans have been submitted to the tourism ministry, 125 of which relate to hotels, a tourist resort, five conference centres, two golf courses, 10 ski resorts, three theme parks, 24 hot spring facilities and 25 mountain resorts.

According to the Greek Tourism Confederation (SETE), travel receipts are expected to reach 14.5 billion euros in 2017, in which case the sector will contribute one unit to the country’s GDP.