The country is facing a spending crisis as tourists are spending less money than expected
Greece , a top holiday spot worldwide, is grappling with an unexpected hurdle as it faces a spending pinch.
READ MORE: Why you should never tie a ribbon on your suitcase - and the colour you should choose insteadTourists have cut their spending on average by 12.2%. In 2023, international jet-setters forked out about €570 per trip - a dip of 3.5% compared to last year. Athens, rich in history, has taken a particular bashing, suffering from a 7% nosedive in spending per jaunt across the last couple of years. The trend is troubling, especially in the current climate of rampant inflation and rising costs.
Tourist hotspots like Santorini and Mykonos are feeling the pinch as the boom leads to a severe housing crunch, with rents hitting the roof and locals under strain.
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