Several new golf projects worth billions of euros are currently underway in Greece as the sport drew some 200,000 visitors to the country last year, according to Algean Property.
In a report, Algean said that golf can help extend the country's tourism season beyond the busy summer period, as seen in other countries such as Spain, Portugal and France.
"Greece has the opportunity to become one of the most important golf tourism destinations in Europe, with natural assets and an ideal climate - an average of 16Co throughout the year," said Algean.
Currently Greece has just seven 18 hole golf courses and one 9 hole course but there are several in the pipework around the country. Those travelling for a place to tee off also spend more than the regular tourists, adds Algean. The average golf tourist spends about 250 euros per day versus 75 euros spent by Greece's regular visitor.
The USA, UK, Japan, Canada and Australia are the top golf destinations worldwide but Europe is catching up with 6,300 golfing facilities that earn the European economy some 20 billion euros per year.
Greece's new golf projects:
Kilada Hills - A 5 star resort with a championship level golf course in Argolida by MindCompass. Trophy Golf & Resorts has signed an agreement for the management of the golf course designed by golfer Jack Nicklaus. The budget is 418 million euros.
Atalanti Hills - Three 5-star hotel units with 5,000 bungalows, three 18-hole golf courses, a jockey club, a water park and other amenities in Atalanti, Fthiotida by Lokros. The budget is 1.2 billion euros.
Itanos, Gaia - The luxury holiday resort will include hotels, golf courses, a marina, a conference centre, a wellness centre and other highend facilities. An investment of 300 million euros in Siteia, Crete by Loyalward company (Minoan Group Plc).
Pravita Estate - The project includes the development of three hotel complexes, a spa - physiotherapy and fitness center, four golf courses, residences of bioclimatic architecture and traditional design, a conference center and other rehabilitation facilities in Polygyros, Chalkidiki by Pravita Development and Holdings S.A.The project’s overall investment cost amounts to some 800 million euros.