Greece’s 10-Month Tourism Receipts Fall 4% on Fewer EU Visitors

Greece’s receipts from tourism were 4 percent down in the 10 months through October, as fewer people from other European Union nations visited the country.

Tourists spent 9.77 billion euros ($12.91 billion), compared with 10.18 billion euros in the year-earlier period, according to an e-mailed statement today from the Bank of Greece.

Visitor numbers fell 5.5 percent overall with arrivals from the other 26 EU countries down 13.4 percent and from the other 16 euro-area nations down 17.5 percent, the central bank said in the statement.

Tourism accounts for about 16 percent of Greece’s gross domestic product, according to the London-based World Travel and Tourism Council.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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