11 Key Projects For Greek Tourism

11 major investments in cruise, marina, and airport infrastructure are expected to take Greek tourism to the next level after Covid-19, according to a report released this week by Axia Ventures.

Titled “Greece: Post-Covid Perspective”, the report’s analysts forecast better and faster-than-expected tourism recovery after the pandemic subsides.

“For Greece, we believe that recovery will come sooner rather than later, given that demand for destinations with ‘sea & sun’ will be high on the list of those who will travel after the pandemic,” said the report.

It goes on to add that strong demand in 2022 may reach 2019 levels, provided the tourist season is extended to include spring and autumn. Axia analysts expect the robust demand for Greek destinations to continue in the coming years as well as increased spending, which will be a direct result of upgraded tourism services and products.

Greece is set to benefit from people’s desire to go on vacation, particularly in view of key infrastructure projects that will help upgrade Greece’s brand name, the report notes.

More specifically, listed in the report are the following projects, investments and privatizations:

– Hellinikon on the Athenian Riviera, which includes an integrated casino resort;
– a new cruise terminal at Piraeus port expected to be operational by 2023;
– a new marina at Alimos;
– the new Heraklion airport in Kastelli, Crete;
– the expansion of the Naxos and Chios regional airports;
– the new marina in Monolithos, Santorini;
– the privatization of a number of ports countrywide;
– the privatization of Athens International Airport;
– the upgrade and increased connectivity of the country’s train/rail network;
– modernized road networks including Crete’s North Road Axis;
– and finally, the framework for the operation of some 150 waterways.

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Photo credit: thehellinikon.com