Greek financial crisis might affect tourism in future

Published on : Wednesday, July 1, 2015

greek flagAccording to travel experts, the Greek financial crisis has lead to a weeklong bank closure and is worrying U.S. tourists planning to visit the Mediterranean nation but has yet to lead to widespread travel cancellations.

The State Department has also issued a warning over the weekend to Americans traveling to Greece, that visitors should bring more than one way to make payments and carry should carry enough cash for emergencies and unexpected delays. Also urged U.S. tourists to stay clear of demonstrations and rallies.

But according to travel agents despite the State Department warnings and the financial uncertainty, they have seen no widespread cancellations of trips to Greece.

According to the World Travel and Tourism Council, a London-based nonprofit that researches the global impact of tourism, Tourism is a very important industry in Greece, it represents about 17% of the country’s GDP and supporting an estimated 70,000 jobs.

The country is expected to draw 20.6 million international visitors this year, with 26.7 million expected by 2025, said the World Travel and Tourism Council.

Guido Adelfio, president of Maryland-based Bethesda Travel Center said it may be too early to see the effect of the Greek financial crisis on tourists’ plans to visit the country because most trips are scheduled several months in advance.

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