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WTTC: Greek tourism sector growing over three times faster than wider economy

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In 2018, the Greek Travel & Tourism sector grew at a rate of 6.9% – over three and a half times the pace of its wider national economy, which grew by 2.0%.

The sector represents 20.6% of Greek GDP compared to the global average of 10.4%. This means that one in every five Euros spent in Greece last year came from the Travel & Tourism sector, worth €37.5bn (USD $44.6bn).


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Meanwhile, one quarter of all employment in Greece is based in Travel & Tourism – equivalent to 988.6k jobs. In 2019, this figure is forecast to surpass one million for the first time since WTTC records began.

Even at the height of economic performance before the financial crisis, Greece still employed less people in Travel & Tourism than they did in 2018 (934.5k in 2006), indicating that not only has the sector economy recovered but it is now outperforming its previous peaks.

The same is true for GDP contribution, which has never before amounted to 20% of total GDP.

These figures come from the World Travel & Tourism Council’s (WTTC) annual review of the economic impact and social importance of the sector. The research, conducted for almost 30 years by WTTC, which represents the global private sector of Travel & Tourism, shows that in 2018 the Greek sector:

• Outpaced the EU’s regional Travel & Tourism growth rate of 2.4%. Both the EU and Greece’s wider economies grew at a rate of 2.0%, but the Greek travel sector leapt ahead of regional averages.

• Benefitted from €18.5bn international visitor spend, representing 27.9% of total exports.

• Two-thirds of inbound Greek travel spend came from international visitors (66%), and one-third from domestic travel (34%).

• Was driven by leisure spending, which comprised 94% of tourist spend compared to 6% for business.

WTTC President & CEO Gloria Guevara remarked, “We are hugely impressed by the Greek growth rate, and the government strategies that have spurred it on. Travel & Tourism has had a huge role to play in driving Greek economic recovery, and is a chief employer of people. Greece is an exemplary case study of how valuable an asset Travel & Tourism can be when the government prioritises the sector.”

The Minister of Tourism of the Hellenic Republic, Elena Kountoura remarked: “Our long-term tourism strategy that we implement since 2015 led to outstanding results in Greece’s tourism growth, and supported profoundly the Greek economy in the most difficult years of the crisis. We achieved our target in creating thousands of new jobs, new business activity, new sources of income, and in mobilizing new tourism investments.

With our growth plan for the next day, we intend to maintain Greece’s strong momentum in  tourism and maximize its benefits for the local communities across Greece, acknowledging tourism’s immense value as  a major driving force for employment,  economic and social prosperity.”

About the World Travel & Tourism Council

WTTC is the body which represents the Travel & Tourism private sector globally. Members consist of CEOs of the world’s Travel & Tourism companies, destinations, and industry organisations engaging with Travel & Tourism.

WTTC has a history of 25 years of research to quantify the economic impact of the sector in 185 countries. Travel & Tourism is a key driver for investment and economic growth globally. The sector contributes US$8.8 trillion or 10.4% of global GDP, and accounts for 319 million jobs or one in ten of all jobs on the planet.

For over 25 years, WTTC has been the voice of this industry globally. Members are the Chairs, Presidents and Chief Executives of the world’s leading, private sector Travel & Tourism businesses, who bring specialist knowledge to guide government policy and decision-making and raise awareness of the importance of the secto

Jamaica Prime Minister Andrew Holness breaks ground for Closed Harbour Beach Park

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Habour closed JamaicaPrime Minister, the Most Hon Andrew Holness (C) and Tourism Minister, Hon Edmund Bartlett (3rd L) participated in the official ground breaking ceremony for the Closed Harbour Beach project in Montego Bay today. Joining the moment are (L-R) Executive Director of the Tourism Enhancement Fund, Dr. Carey Wallace, Mr. Winston Dear, Chairman Montego Bay Advisory Council, Ms. Heather Pinnock, Acting General Manager of the UDC, Attorney General Mrs. Marlene Malahoo Forte, Senator Ransford Braham, Chairman of the UDC, Hon Godfrey Dyer, Chairman of the TEF, Hon Dr. Horace Chang, Minister of National Security and Hon Olivia Grange, Minister of Culture, Gender, Entertainment and Sport. Closed Harbour Beach Park will include the creation of a beach futsal and multipurpose court, basketball and netball courts, kids play area, food kiosks and outdoor dining area as well as a waterfront rehabilitation component.

Construction of the highly anticipated Closed Harbour Beach Park in Montego Bay will begin following the official groundbreaking by Prime Minister, the Most Hon Andrew Holness yesterday.

The project, which is being primarily funded by the Tourism Enhancement Fund (TEF) and executed by the Urban Development Corporation (UDC), will be the largest transformative development for the parish and largest of its kind in the Caribbean.

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In addressing stakeholders at the Closed Harbour site, Prime Minister Andrew Holness said, “Montego Bay has a special place in Jamaica and it represents the essence of what it is to be Jamaican with its enterprise, industry and creativity,

This city can become the pearl of the Caribbean and we are making the necessary investments and through development, rule of law and public order this can become a reality.”

Prime Minister Holness added, “As the government undertakes this project, i want to assure the citizens of St. James that we will not allow the tourism industry to grow without including you,

The Minister of Tourism, Hon Edmund Bartlett, is the biggest advocate for pensions, training and development and ensuring the profits of the sector redound to the people and this project will be one such example.”

Closed Harbour Beach Park is estimated to cost J$1.296Billion and will include extensive work to create a beach futsal and multipurpose court, basketball and netball courts, kids play area, food kiosks and outdoor dining area.

Minister of Tourism, Hon Edmund Bartlett, in highlighting the significance of this project, said “Closed harbour is at the core of what Jamaica’s tourism is about and that is to enhance and develop our products which will be enjoyed by locals and visitors alike. It forms part of our overall vision to reimage tourism in Jamaica,

We are committed to building out these types of spaces because our first obligation is to our people to ensure they have access to the best beaches and experiences such as these.”

Minister Bartlett added, “There’s no doubt that the Closed Harbour Beach Park will be the most transformative development for Montego Bay and we are going to carry out the vision of re-imaging Montego Bay as a premier destination under the direction of our Prime Minister.”

Minister of National Security, Hon Dr. Horace Chang stated that the project represents “Integrated development and will signal the new Montego Bay.”

Mayor of Montego Bay, Councillor Homer Davis said, “This closed harbour beach is for the people of Montego Bay and people of Jamaica. I am pleased to be Mayor at this time to witness this important development that will benefit so many.”

The UDC will act as project managers for the project which will also see a waterfront rehabilitation component. This will include rehabilitating the groynes that were created in the 1970s that have since been eroded.

Jamaica Tourism Security team appointed

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Visitor surety is a top priority for Jamaica Tourism. Dr. Andrew Spencer, Executive Director of the Tourism Product Development Company Ltd. (TPDCo) appointed Dr. Peter Tarlow, Partner of certified.travel, as the head of the new National Jamaica Tourism Security team. TPDCo is the organization charged with the responsibility for Destination Assurance under the directive by its Honorable Minister, Edmund Bartlett, MP.

This follows a number of meetings between Dr. Tarlow and the Hon. Edmund Bartlett, Jamaica Minister of Tourism, with Jamaica Minister of National Security, the Hon. Dr. Horace Chang, and senior members of the Ministry of Tourism (MOT) and its agencies.

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Certified.travel is a joint subsidiary of the eTN Corporation and Tourism & More. Dr. Tarlow is a leading industry professional with specific expertise in such areas as:

  • The impact of crime and terrorism on the tourism industry
  • Event and tourism risk management
  • Tourism and economic development
  • Development of response models for security threats
  • Tourism police and private security personnel and the development of TOPPs units
  • Reputational repair or enhancement as needed

Visitor surety means for Jamaica:

  • The providing of a safe and secure environment for the Jamaica’s visitors and for those who work in its visitor industry
  • Protection of the its tourism sites and infrastructure
  • Perceptions of Jamaica including how these perceptions impact its reputation
  • The protection of the nation’s economy vis-à-vis its tourism industry

TPDCo’s destination assurance initiatives and strategies are geared towards the following:

  1. Jamaica National Development Plan, specifically, Jamaica’s 2030 Vision goal; The Jamaican society is secure, cohesive and just
  2. Ministry of Tourism Strategic Business Plan Ensuring the safety, security, and sustainability of the natural and built environments
  3. MOT Tourism Pillar of Growth; New Partnerships

Dr. Peter Tarlow pointed out: “Tourism is the world’s leading peaceful industry and a major economic development tool. The tourism industry is also security (crime and terrorism) sensitive, and a lack of tourism surety has a major impact on tourism and event-oriented economies. Additionally, when public officials are tourism-sensitive, they offer the general public better service, economic opportunities, and an improved standard of living.

“The hospitality industry’s number one job is to protect its guests, and visitors demand safety and security by well-trained professionals. If the tourism industry fails in this regard, all else becomes irrelevant.

“Real security involves training, education, investments in software and the understanding that security is not a simplistic discipline or a passing phase. Tourism security personnel need continual training and must be flexible enough to adjust their procedure to a constantly-changing environment. One of the propositions to note is that as customer service increases, so does tourism security, and a better tourism product has the potential to increase national productivity, quality of life, and economic wellbeing. Security plus service and value for money will become the basis for 21st century tourism success!”

eTN Corporation President Juergen Steinmetz said: “We are excited to work with Jamaica Tourism on this important project. Adding Dr. Peter Tarlow to our portfolio of services and in forming certified.travel as a joined partnership is a game changer for the eTN Corporation, eTurboNews, and TravelMarketingNetwork.”

Unfortunately, within the last few months, Jamaica has had to deal with several incidents that have challenged the perception of its security in relation to visitation safety. These incidents have impacted the perception of Jamaica’s tourism product both locally and globally.

Jamaica’s Tourism Minister, Hon. Edmund Bartlett, said: “We must safeguard the key aspects of destination assurance such as security, safety, and seamlessness of our tourism product. Dr. Peter Tarlow and the team will help us take a step in the right direction and provide insight in legislation that may be implemented to make the industry safer, as well as help us develop a new program on how to better relate and interact with international guests. His visit comes at a crucial point in the development of our product.”

More information on the eTN Travel & Tourism Security Program : www.certified.travel 

Fraport launches operations at Nashville International Airport in the USA

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Fraport launches operations at Nashville International Airport in the USA

Beginning February 1, Fraport is taking over the overall management of concession areas for shops, restaurants and other services at Nashville International Airport (BNA). With almost 16 million passengers in 2018 (up 13.2 percent year-on-year), BNA set an all-time record for the sixth consecutive year and maintained its position as one of strongest performing aviation gateways in North America.

Fraport USA, a wholly-owned subsidiary of Fraport AG, won the bid last year in a highly competitive tender process. Since the signing of the 10-year contract last summer, Fraport USA has been preparing for the February 2019 startup. The agreement with the Metropolitan Nashville Airport Authority (MNAA) covers the design, construction, lease and management of concessions space throughout the airport’s four concourses in the passenger terminal. A major airport expansion to be completed by 2023 will result in some 12,300 square meters (more than 133,000 square feet) of concession space for over 90 shops, restaurants and service outlets – plus common-use areas for seating and entertainment. Fraport is expected to invest some 17 million dollars in the BNA concessions development during the next decade, with further investments to be made by the individual subtenants.

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Dr. Stefan Schulte, Fraport AG’s executive board chairman, commented on the Group’s launch of the company’s fifth location in the U.S. market: “We are pleased to expand Fraport USA’s concessions development and management program to Nashville Airport. Nashville is the second new concessions development to be launched by Fraport USA in less than a year.”

Famous as the Music Capital of America, Nashville’s metropolitan region of about 1.8 million people has become a major tourist destination and one of the country’s fastest growing business hubs. Dr. Schulte added: “Our Nashville team is highly committed to developing an innovative retail concept that exemplifies the spirit of Nashville, with its rich cultural heritage and thriving music industry. We will focus on giving passengers a memorable experience with an exciting mix of the best local restaurants and brands, as well as international outlets. We look forward to many years of close partnership here where the music plays!”

Fraport USA is renowned for setting the standard in managing, designing and developing airport retail concessions in North America. Along with Nashville, Fraport USA is the developer and manager of the retail, food and beverage concession areas at a total of five airports in the United States: Baltimore/Washington International Airport (BWI), Cleveland International Airport (CLE), Nashville International Airport (BNA), New York Kennedy Airport (JFK – JetBlue’s Terminal 5), and Pittsburgh International Airport (PIT).

Global Investment in Aviation Summit to reshape aviation investment landscape

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The UAE General Civil Aviation Authority (GCAA) is holding the Global Investment in Aviation Summit on 28-29 January 2019 at the Intercontinental Dubai Festival City. GCAA will host more than 600 investors, speakers, and delegates along with a number of high-level officials and aviation professionals from more than 50 countries during the two-day global event.

HE Saif Mohammed Al Suwaidi, Director General, GCAA, said, “The broad international participation in this Summit reflects the importance of the aviation industry, which has become one of the most attractive sectors for investors seeking safe haven for their investment. The current stability of the aviation sector is attributed to the openness of different markets and the increasing demand for air services such as travel, air cargo, aircraft maintenance, information technology in air traffic, aircraft supply, aircraft engineering, manufacturing, and supply.”

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Al Suwaidi added, “Dubai has strengthened its position in various economic sectors. It has become an ideal destination for multinational companies, businessmen and investors, because of the diverse investment opportunities within a leading business environment. The emirate offers this to meet the needs of and to support various economic sectors.”

The launch of GIAS comes at a time when the volume of investment to modernize global aviation is projected to reach $1.8tn by 2030. Growing investments in different continents and regions are strong indicators that the investment trend is leaning toward more promising and bigger opportunities especially in Africa, Asia and the Middle East. Among the major cities investing for their aviation modernization and development are Jeddah ($7.2bn), Kuwait ($4.3bn), Argentina ($803m), South Africa ($632m), Egypt ($436m), Kenya ($306m), Nigeria ($300m), Uganda ($200m), and Seychelles ($150m).

The Summit aims to reshape the investment landscape of the aviation sector towards a qualitative and distinct level as would be witnessed by the large participation of aviation ministers, heads of aviation authorities, and major aviation companies. Participants will also witness the launch of the largest business incubator in the aviation industry to review during the Summit completed projects and those which are under development.

The summit also includes a preliminary program that is held on the day prior to the summit that includes masterclasses as well as workshops in aircraft and airport project financing.

Global Investment in Aviation Summit will witness the largest attendance and participation of the heads of aviation companies, decision-makers, economic experts, and government officials to review investment prospects in the UAE aviation sector, the whole of the Middle East and across the world.