BUSINESS

Bright outlook for tourism in Greece

The outlook for the global travel industry looks brighter for 2014 as European economic recovery and rising consumer confidence are prompting holidaymakers and businesses to loosen their purse strings again.

Tourists are spending more on their vacations, going for higher-quality or more frequent trips abroad.

Greece was in demand and travel firms TUI, Alltours and DER Touristik reported a double-digit jump in German bookings for the coming summer travel season.

Some tour operators said Greece and Spain’s Canary Islands were benefiting from the uncertain situation in Egypt.

[Reuters]

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