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Greece’s 5-Month Tourism Receipts Fall 12.5% on Fewer Visitors

July 24 (Bloomberg) -- Greece’s receipts from tourism were 12.5 percent down in the five months through May, as fewer people visited the country.

Tourists spent 1.48 billion euros ($1.8 billion), compared with 1.69 billion euros in the year-earlier period, according to an e-mailed statement from the Bank of Greece. Visitor numbers fell 10.8 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: Marcus Bensasson in Athens at mbensasson@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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