ECONOMY

Drop in average tourism spending was far greater than in other countries

Drop in average tourism spending was far greater than in other countries

Had tourists’ average per capita expenditure in Greece in July and August been on a par with that at rival destinations, the country’s tourism revenues would not have posted a decline, according to a survey presented on Thursday by the Greek Tourism Confederation (SETE).

The gap created from the 8.8 percent annual drop in average spending per tourist amounted to 500-550 million euros, while in rival countries (Spain, Turkey, Cyprus, Italy, Croatia and Portugal) the average decline amounted to just 1.7 percent.

SETE attributes that drop to the last-minute discounts offered by hoteliers, mainly in August.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.