Institute of Tourism Research and Forecasting…
Tourists are seen walking up toward the Acropolis in a file photo. The number of tourists expected to visit the country this year will rise by some 2 to 3 percent year-on-year, according to the Institute of Tourism Research and Forecasting (ITEP). However, repercussions from the economic crisis will result in a drop in the amount of money spent by each visitor to Greece, added ITEP. Greece’s tourism sector amounts to about 18 percent of the country’s gross domestic product and accounts for about one in five jobs. Experts believe that the Greek economy may be able to pull out of recession in the last quarter of the year, depending on the performance of the tourism industry this summer.
