Tourism takings keep falling

Travel receipts decreased in August for the second month in a row, on an annual basis, despite the rise in arrivals of foreign visitors to Greece.

Greek tourism industry sources dub the development as a "warning" both for the relationship between prices and offered services and infrastructure, as well as for the expectations of a part of the market that tourism can continue to set consecutive records.

Other parties estimate that the very hot summers in the Mediterranean have begun to change the habits of travelers and the dates they wish to travel, and base their assessment on the excellent performance for Greek tourism in January-June.

Based on the Bank of Greece data available until August, travel receipts this year remain at higher levels than last year for the first eight months, while arrivals are significantly increased too. Compared to January-August...