Spend­ing by tourists drops fur­ther than es­ti­mated

Kathimerini English - - Focus - STATHIS KOUSOUNIS

Tourism rev­enues de­clined by more than 1 bil­lion eu­ros in the first nine months of 2016 com­pared to the same pe­riod in 2015, while av­er­age spend­ing per trip to Greece reg­is­tered a new low, ac­cord­ing to fig­ures re­leased yes­ter­day by the Bank of Greece.

The data re­vealed that the ex­tent of de­cline was far greater – by some 300 mil­lion eu­ros – than pro­vi­sional fig­ures had shown about six weeks ago, as the coun­try’s tourism tak­ings came to 11.78 bil­lion in the Jan­uary-Septem­ber 2016 pe­riod.

Av­er­age spend­ing per trip showed a re­mark­able 13.2 per­cent de­cline from 2015, com­ing to 491.20 eu­ros against 565.9 eu­ros in 2015. This was the first time the amount has fallen be­low 500 eu­ros since the cen­tral bank be­gan cal­cu­lat­ing the fig­ure – which re­lies on what sur­veyed tourists de­clare.

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