Recently Released Market Study: Travel and Tourism in Greece
International tourist arrivals to Greece climbed to a record high of 17 million in 2011. This was an adrenaline injection in the Greek economy, which still cannot be stabilised. Visa facilitation for Russia and other emerging markets, a VAT decrease on tourist accommodation and the Arab Spring all had a role to play in the recovery of tourism in Greece. Importantly, incoming tourist receipts grew after several years of downturn.
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