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Travel & Tourism industry news by Greek Travel Pages (gtp)

Greeks Prefer Trips Abroad

Greek tourists prefer to travel abroad rather than spend their holidays at home as they consider Greece too expensive as opposed to competing tourist destinations.

According to recent figures, last winter Greeks spent over one billion euros during their trips, which is a 16 percent increase over the corresponding period the year before. Proceeds from Greek tourism reached two billion euros – an increase of only eight percent over 2007.

More specifically, the Bank of Greece recorded receipts from tourism for the first five months of 2008, which reached some 2.1 billion euros. This is an increase of 8.2 percent compared with the same 2007 period, during which revenues amounted to 1.9 billion euros.

This increase exceeded the rise in arrivals of 2.5 percent during the same period.

But the foreign exchange spent by Greek tourists on trips abroad during the first five months of 2008 reached 1.1 billion euros (against 943 million euros in 2007) and presented a 16 percent increase in revenues.

The figures suggest that Greeks prefer to travel within ‘dollar destinations’ due to the considerable difference concerning the dollar-euro exchange rate.

According to the released data, the U.S. seems to remain the traditional overseas market for Athenians, which has produced high growth rates over the past years.

About the Author
Nikos is Greek-American born in New York, USA, and has lived in Greece for over 30 years. He is the managing editor of Greece's leading monthly travel and tourism guide, the Greek Travel Pages (GTP) since June 2008 and of news site GTP Headlines since its launch in September 2012. Nikos has also served as international press officer for the City of Athens and for the mayor. He has a degree in Mass Media and Communications, specializing in Journalism. Nikos is a native English speaker and speaks Greek fluently.

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