Monday, February 29, 2016

Massive Reservation Cancellations Strike Greece’s Tourism Industry

By Evgenia Choros -
Feb 27, 2016
Greek Reporter

Greece‘s tourism – one of the country’s most core financial resources – is facing a great threat, as massive cancellations in reservations are occurring in touristic destinations where there are refugee and migrant flows.

According to an interview in Kathemerini, the representative of the Hotel Owners Union in Lesbos, Periclis Antoniou said that “the decrease in the reservations in several markets can reach up to 90%.”

Chios island is also faced with a similar situation, as this year appears to be one of the worst in the last 40 years. Data so far shows a 60% decrease in reservations.

In Kos, reservations have dropped 36%, whereas in Samos reservations have dropped 40%.

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