Tourists head back to ailing Greece
Tourists are beginning to return to Greece, offering some much-needed support for the battered eurozone economy.
Receipts from tourism in June were 21 per cent higher than the same month in 2012, according to the latest figures from the Greek central bank.
Holidaymakers spent €1.59bn (£1.35bn) in the depression-struck European economy in the month, which is traditionally the first of the summer holiday season. Receipts for the first half of the year were €3.32bn, an 18 per cent increase on the same period of 2012.
Tourism accounts for around 6 per cent of the Greek economy but when the impact on infrastructure investment and services are factored in, the contribution rises to 20 per cent by some estimates.
Figures from the Association of Greek Tourism Enterprises last week backed up that improving picture, with a report that arrivals of foreign tourists at the main airports in Greece were up 8.6 per cent year on year July, following a 12.6 per cent rise in visitors in the first seven months of the year.
Industry spokesmen have reported a large numbers of Turkish and Russian tourists following an easing of visa rules. Instability in Turkey and Egypt is reported to have encouraged some holidaymakers to choose Greece.
Tourism, which is the primary source of foreign currency for the Greek economy, was hit hard by political instability in the country last year, as uncertainty exploded over whether the country would remain in the single currency.
A wave of popular protest and strikes over austerity persuaded many holidaymakers to look elsewhere.
But the Greek tourism industry expects total 2013 revenues to rise by 10 per cent on the previous year, and for receipts to reach €11bn. It is expecting a record 17.4 million visitors in total.
- 1 Sainsbury's '50p challenge' poster telling staff to encourage customers to spend more placed in shop window instead of staff room
- 2 Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
- 3 Isis an hour away from Baghdad - with no sign of Iraq army being able to make a successful counter-attack
- 4 Yes, the iPhone 6 is a miracle, but it's Apple's tax affairs that deserve a double take
Isis could become 'world’s first truly terrorist state' and bomb UK with nuclear and chemical weapons, Theresa May warns
Car tax disc changes: Five facts you never knew about your (almost obsolete) tax disc
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
Isis an hour away from Baghdad - with no sign of Iraq army being able to make a successful counter-attack
Isis, we are told, is a 'clear and dangerous threat to our way of life'. I’m sorry, but I just don’t buy it
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Should gay sex be illegal? 16% of Britons think so
Mark Reckless becomes second Tory MP to defect to Ukip in a month
- < Previous
- Next >
iJobs Money & Business
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...