ECONOMY

Myconos picked as top European island getaway

Myconos and the Cyclades archipelago were named as the perfect island getaway by readers of leading US magazine Conde Nast Traveler as Best European Island. Myconos was chosen over Turkey’s Bozcaada and Spain’s Ibiza, which ranked second and third respectively in the survey. The Greek island will be hoping that the award will translate into extra businesses for them after experiencing a tough summer. Figures provided by the Association of Greek Tourism Enterprises (SETE) showed that the number of foreigners visiting Greece in the first nine months of the year fell 0.57 percent on an annual basis to 9.47 million people. Revenues in the sector, however, are estimated to drop by between 10 to 15 percent from last year’s levels, as hotels were forced to slash prices to draw customers and travelers kept a tighter grip on the purse strings. SETE counts visitors entering Greece via the country’s 13 largest airports.