Published on Wednesday, November 9, 2011
Greek tourism officials assured visitors to World Travel Market that the worse is over following a series of strikes and protests in the country.
Minister for Culture and Tourism Pavlos Geroulanos said he believes the country will now start seeing the benefits of austerity measures being put into place.
He claimed strikes were contained to small areas and would be unlikely to damage the reputation of Greece as a whole.
Head of media and PR for The Greek National Tourism Organisation Alex Konstantinou said it has obviously been an unsettling time for Greece and it now awaits the announcement of a new government. Prime minister George Papandreou's successor is expected to be announced today.
Konstantinou said he believes Greeks are willing to work hard for tourism because it is one of the principal ways for the country to get out of the crisis.
Tourism amounts to 18% of the country’s GDP.
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The recent insolvency of Low Cost Travel Group, one of the large players in the travel industry had a big impact on the travelers, hotels and all related players from both wholesale & retail arms. There were about 27,000 people on a holiday who had booked through the company comprised of a €200 million wholesale arm and €500 million OTA / retail arm.