SETE: Negligible danger of Greek hotels passing into foreign hands
- Written by E.Tsiliopoulos
The danger of Greek hotels passing into foreign hands is very small, the president of the Greek Tourism Confederation (SETE) Andreas Andreadis said in statements to the press.
Andreadis' term as president of the tourism confederation will end in May.
Referring to hotel lending, he stressed that the total debt is 7.2 billion euros, 3.6 billion euros of which are "bad loans". He added, however, that 600 million euro loans out of the 3.6 million euro loans have already been settled.
Moreover, he underlined that the tourism sector is not considered overborrowed compared to the 13 billion euro revenue of the sector and its contribution to the Greek economy. He also stated that tourism is now recognized by society as the most potent pillar of the Greek economy.
Related items
- Elon Musk was dazzled by... Eleni Tsolaki - "A wonderful way to wake up in Greece," he commented
- Skiathos: The sustainability of the island is the strategic compass for its tourism development
- Ministers attend commemorative events for Lord Byron in London, Missolonghi
- Crete's authorities, population taking part in largest Greek earthquake exercise; to serve as model
- Def. Min. Dendias: Greek airspace will become impenetrable under defense reform
Latest from E.Tsiliopoulos
- Elon Musk was dazzled by... Eleni Tsolaki - "A wonderful way to wake up in Greece," he commented
- Skiathos: The sustainability of the island is the strategic compass for its tourism development
- Ministers attend commemorative events for Lord Byron in London, Missolonghi
- Crete's authorities, population taking part in largest Greek earthquake exercise; to serve as model
- Def. Min. Dendias: Greek airspace will become impenetrable under defense reform