Bloomberg News

Tourist Spending in Greece Fell in First Quarter on Fewer Visits

May 25, 2012

Spending by visitors to Greece fell 15.1 percent in the first three months of the year compared with a year ago as fewer tourists visited the country.

Tourism receipts in the first quarter declined to 396 million ($498 million) euros from 467 million euros in the first month of 2011, according to an e-mailed statement from the Bank of Greece. (TELL) Visitor arrivals to Greece decreased 11.7 percent in the January through March period, 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

To contact the editor responsible for this story: Craig Stirling at

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