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Greece's Horizons pp 131–145Cite as

The Greek Tourism Industry and the Challenge of the Economic Crisis

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Abstract

Tourism is considered as one of the most important economic activities for Greece, one of the essential pillars for development, and a major source of income and employment. Tourism contributes more than 18 % of the total GDP of Greece.

The present harsh financial and social conditions of Greece have dramatically revealed the fundamental weaknesses of its economic structure, including its tourism sector. However, the new era that seems to have emerged from this crisis, introduces the opportunity of adopting a new tourism development model, based on sustainable exploitation of land, infrastructural advancement, and a new framework for investments supported by appropriate institutional amendments.

This chapter aims to identify the distortions caused by the present manner of functioning of the Greek tourism industry, and the new possibilities and potentials that are emerging from the institutional and organisational reform that Greek society is experiencing at present.

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Authors and Affiliations

  1. Department of International Economic Relations and Development, Democritus University of Thrace, Komotini, 69100, Greece

    George Galanos

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  1. George Galanos
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Correspondence to George Galanos .

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Editors and Affiliations

  1. Department of Political Science, and International Relations, University of Peloponnese, Dervenakion St& Adimantou 47, Corinth, 20100, Greece

    Pantelis Sklias

  2. Department of Political Science, and International Relations, University of Peloponnese, Dervenakion St & Adimantou 47, Corinth, 20100, Greece

    Nikolaos Tzifakis

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© 2013 Konstantinos Karamanlis Institute for Democracy, Athens

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Galanos, G. (2013). The Greek Tourism Industry and the Challenge of the Economic Crisis. In: Sklias, P., Tzifakis, N. (eds) Greece's Horizons. The Konstantinos Karamanlis Institute for Democracy Series on European and International Affairs. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-34534-0_11

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  • DOI: https://doi.org/10.1007/978-3-642-34534-0_11

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