The uncertainty blanketing the market in the last few months due to political instability affects tourism, which has been the standard-bearer of Greek development last year. Tourism operators have been trying to locate and highlight the positive, and negative factors which could outline tourism this year.

Greek Tourism Confederation (SETE) Chief Andreas Andreadis outlined the framework and aforementioned factors during a speech on Tuesday before the Greek National Tourism Organization (GNTO) assembly.

Mr. Andreadis stated that the Russian fiscal crisis have limited the amount of Russian tourists to all countries, including Greece, and have made tour packages even more expensive due to the drop in the ruble. All this while Egypt seems to be having a great year with a raise of 80% in bookings, which will obviously get a large piece of the ‘tourism pie’ in the Med.

On the other hand, the euro’s drop will aid potential tourists visiting from outside the EU, while low oil prices have reduced plane tickets greatly.