Crete needs to drop its prices in food, drinks, cost of living and property/land/housebuilding to fall in line with the competition.If not it will lose a lot of visitors and property investers etc.Carolina wrote:Many are predicting an extremely difficult year for tourism in Crete in 2009 due to recession, the falling pound and now the picture of political instability across Greece. Comment from the Haniotika Nea today-
'Firstly the adverse economic climate prevailing internationally, and now the anarchy and the pictures shown around the world in recent days of the vandalism in Greece’s biggest cities, will deter foreign tourists.
Indeed, the incidents and the climate that shaped the international media, are probably the ultimate blow for Greek and, especially, for Cretan tourism. The travel advice issued by many foreign countries has created and cultivated a climate of insecurity for those who planned to spend the summer holidays in Crete or in another Greek tourist resort.
According to initial estimations demand for holidays in Crete appear reduced by up to 50% while competing countries such as Turkey and Egypt are showing an upward trend in demand.
The British market is showing a reduction of up to 50%, while the corresponding figures from the German market decline by 30%. As Germans and British are the prime "summer customers", then we may consider how dramatically the situation will affect Cretan tourism , as well as the local labour market and the local economy. If many businesses do not open hundreds of workers will become unemployed, and a large number of companies which "deal" with tourism will be affected.
"Nobody can say with certainty what will happen", commented the "Cretan Review" vice-chairman of the Hoteliers Association of Rethymnon, Manolis Tsakalakis.
For the moment, not even the tour operators in Europe are in a position to know what lies ahead. A better picture is expected to emerge in February, as every year.'
Easier said than done. Property prices have already fallen and, IMO, they will continue to do so as ever more developers and builders have problems.kim wrote:Crete needs to drop its prices in food, drinks, cost of living and property/land/housebuilding to fall in line with the competition.If not it will lose a lot of visitors and property investers etc.
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