Greece financial crisis

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Greece financial crisis

  1. 1. Greecefinancialcrisis<br />Effects on tourismindustry<br />
  2. 2. Summary<br />How and when the crisisblew up<br />Greektourismoverview<br />Greekgovernment’s actions<br />Howthe crisiswillaffecttraveler’s plan<br />
  3. 3. How and when the crisisblew up<br /><ul><li>Greece’s woes
  4. 4. Greek economy before 2010</li></ul>- The Greekhoax<br /><ul><li>2010: The sovereigndebtcrisis</li></ul>- Budget deficit: 13.6%<br /> - Debtlevel: 115% GDP<br /> - EU/IMF Loan: 110 BlnEuros<br />
  5. 5. How and when the crisisblew up<br />EU CountriesDebts %<br />2015 Projections: DebtsInsolvency<br />
  6. 6. Greektourismoverview<br /><ul><li>The tourism in numbers- 2009</li></ul>- Arrivals: 16 Mln<br /> - Tourismweight on GDP: 15%<br /> - Hotels: 9000<br />- Airportsarrivals<br /> - Total: -7.8%<br /> - International: -5% -10.1 Mln<br /> - Domestic: +5% -6.1 Mln<br />
  7. 7. Greektourismoverview<br /><ul><li>Tourismforecasts - 2010</li></ul>- Arrivals: +2-3%<br /> - Revenues: -8%<br /> - Reservationsreduction<br /> - UK: -7%<br /> - Germany: -10% <br /> - Extimated loss: 2-3 BlnEuros<br /> - Destination: Athens – Mykonos- Santorini<br /> - Reservations positive trendsmarkets:<br /> Italy – France - EasternEurope<br />
  8. 8. Greekgovernment’s actions<br /><ul><li>Lifting cruises’ cabotage
  9. 9. Help workers</li></ul> - training & preparation<br /> - responsibility<br /><ul><li>Airports & Low Costspolicies
  10. 10. Incentives</li></ul>- expeciallynewmarkets<br />
  11. 11. How the crisiswillaffecttraveler’s plan<br />Opportunities<br />Cut-priceholidays<br />Better Euro exchange<br />Last minute travels<br />Lessexpensiveairplanecosts<br />LighterCrowds, Lower Stress<br />Threats<br />Unrests and strikes<br />Competitors (Turkey – Croatia – Egypt)<br />Surchages on properties<br />Hotels opening delay<br />Transportsdelay<br />
  12. 12. Conclusions<br /> Go to Greece<br />You'll have a wonderful time - maybe an even better trip than in a "normal" year<br />
  13. 13. AnyQuestions?<br />
  14. 14. Thanksforyourattention<br />Carlo Filippo<br />Foniciello<br />Federico Romano<br />

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