2011 Domestic Tourism Expected to Fall 20%

Domestic tourism in Greece is expected to fall by 20% this year, compared with 2010, Andreas Andreadis, president of the Panhellenic Federation of Hoteliers said on Wednesday, as ANA reports.
Andreadis said although this trend was not expected to significantly affect total tourism figures, it raised doubts over the viability of mostly medium-sized hotels which were exclusively dependent on domestic tourism. The rent room sector, which attracts the majority of Greek tourists has 40,000 enterprises with 500,000 beds, or 50% of the touristic potential of the country, offering more than 100,000 jobs. Andreadis said increasing insecurity of Greek citizens over their finances would greatly limit domestic tourism this year, despite an expected recovery in incoming tourism in the country.
Domestic tourism fell 5.3% in early last year, recording declines of 12.8% in the summer season and falling by 11.3% in the September-December period.