Greece’s tourism returns are projected to fall up to 15 percent this year, an industry official said June 6. This is a result of the growing concern among holidaymakers that the country may leave the euro zone, pushing them to prefer other destinations.
Tourism is a major player in the economy of Greece. In fact, it accounts to about 15 percent of output and one in five jobs. This projection spurs hopes that the country’s ancient monuments and islands might salvage the country’s falling economy.
“We will see a considerable drop in tourism income,” head of tourism enterprises association SETE, Andreas Andreadis, told in an interview. “A negative number…something like 10-15 percent.”
Last year, the income rose by 10 percent to 10.5 billion Euros. Around 1.5 million more tourists visited Greece then. This was due to the lower fares as well as the political mayhem in Egypt and Tunisia, two tourism rival countries. This brought an all-time high record of 16.5 million.
Recent events however, made tourists scared of visiting Greece. One is the speculation about a Greek euro exit following an inconclusive election last month. Most people also fear that social unrest could break out due to these events.
As a result, the tourism revenues plunged up to 15 percent in the first quarter to 396 million Euros.