Greece seeking to boost tourism by reducing airport charges. Ryanair reacts with 17 new routes

Greece has forecast improved visitor arrivals and tourism revenues in 2011, aided by a cut in airport fees and new incentives for airlines to expand in the market. European LCCs are again leading the expansion charge, with Ryanair one of the airlines reacting to the government's leads. The tourism industry is a key industry for Greece, which was and continues to be hard hit by the financial crisis. Tourism accounts for one in five jobs and 20% of the country’s GDP. [1985 words]

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This report contains the following subheadings:

• Tourism revenues and international visitor arrivals expected to increase in 2011
• Greece waiving fees in a bid to boost tourism
• Ryanair expands in Greece. To add 17 new routes
• Olympic and Aegean expand on their own
• Aegean forecasting continues losses in 2011
• LCCs adding routes into Greece

This report contains the following charts and tables:

• Greece visitor arrivals: 2000 to 2011F
• International LCC capacity to/from Greece
• Ryanair current and proposed schedule (11-Apr-2011 to 17-Apr-2011) to/from Greece
• International capacity share to/from Greece: May-2011
• Aegean Airlines 2010 financial results