Sun, sea and empty beaches: the ongoing financial crisis in Greece is trickling down to the tourism industry. Negative media reports along with demonstrations in the capital city of Athens are keeping many tourists away from the country at a time when the national debt is now larger than its economy.
The news outlet derwesten.de has reported that the tourism industry in Greece expects a decline in tourist arrivals by about 30% this year. And with that decline comes dramatic consequences.
According to the Association of Greek Tourism Enterprises, approximately 800,000 people are employed directly or indirectly in tourism, making the industry one of the main pillars of the economy.
I recently returned from a weeklong vacation on the island of Mykonos where I experienced nothing but hospitality. On the island, there were no traces of unrest.
For those who are not yet convinced, properties across Greece are now at a discount. About 20% of hoteliers and tour operators are currently reducing their prices. The deal experts at Travelzoo have found offers for as much as 50% off regular prices.
On my stay, I myself benefited from a Travelzoo offer and spent a fantastic holiday at the 4-star Pietra e Mare and can recommend it to our subscribers.