ECONOMY

Tourism receipts seen some 10 pct lower in 2009

Receipts from Greece’s tourism industry, which accounts for 20 percent of the economy, are expected to fall by about 10 percent this year with the global downturn reducing the number of visitors likely to visit the country, according to a report made public yesterday. «We expect a fall in tourism arrivals exceeding 8 percent in 2009, with earnings from foreign tourism declining by about 10 percent,» Alpha Bank said in a report on Greece and Southeastern Europe. International tourism receipts rose by 3 percent for 2008 as a whole. An increase in tourist arrivals from Russia and other countries in SE Europe offset a drop in the number of visitors from the UK and Germany.