BUSINESS

Greece's 5-month tourism receipts drop 12.5 percent

Greece?s receipts from tourism were 12.5 percent down in the five months through May, as fewer people visited the country.

Tourists spent 1.48 billion euros ($1.8 billion), compared with 1.69 billion euros in the year-earlier period, according to an e-mailed statement from the Bank of Greece. Visitor numbers fell 10.8 percent, the central bank said in the statement.

Tourism accounts for about 16 percent of Greece?s gross domestic product, according to the London-based World Travel and Tourism Council.

[Bloomberg]

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