The tourism industry has always been a large part of the Greek economy. It accounts for 20% of the country’s GDP and brings life to many Greek islands. However, people were worried that the political uncertainty and the effects of the financial crisis would deliver a devastating hit to the profitable industry.
“In June, with all this intense insecurity we saw a fall in reservations. The situation is still under control. It is true that in the past few days new reservations have fallen, there are no cancellations, just a few,” said the Greek Tourism Confederation President Andreas Andreadis.
After the government imposed capital controls tourists were worried that they would not be able to make purchases or withdraw money from Greek banks, while many fear the possibility of violent demonstrations.
Greek Reporter came in contact with hoteliers and shop owners in Mykonos who stated that foreign tourism has not decreased. Since tourists were able to withdraw money and pay with their credit cards they have calmed down, and they are enjoying their vacation.
“It’s like a different country over here,” said a bar owner from Mykonos. The tourists are concerned about the Greek issue but they mostly discuss it over dinner or drinks, it has not affected them as much as they expected.
Meanwhile, people working in the tourism industry in Santorini, explained that the situation on the island is similar to Mykonos, with many hoteliers, tourist operators and shop owners worrying about next week and what will happen after Greeks vote in the referendum.
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