ECONOMIC CRISIS AND TOURISM: CASE OF THE GREEK TOURISM SECTOR

Dejan Guduras ()
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Dejan Guduras: Faculty of Economics, University of Ljubljana, Slovenia

Economic Thought and Practice, 2014, vol. 23, issue 2, 613-632

Abstract: The purpose of the article is to present the impact of the global economic crisis on international tourism in Greece, where tourism represents an important part of the economy. The goal is to create a brief overview of the economic situation in Greece, describe the changes that followed after the occurrence of economic crisis and to show how tourism responded to this situation. In this regard publicly available data about tourism and other economic sectors of Greek economy were compared in order to investigate whether Greek tourism sector was less affected due to the international economic crisis than other sectors. The results show that tourism, compared to other economic sectors, represents a very flexible and dynamic sector which even in times of economic crises appears to be very resilient on the long term.

Keywords: tourism; economic crisis; Greek tourism; accommodation and food service activities (search for similar items in EconPapers)
JEL-codes: G01 L83 (search for similar items in EconPapers)
Date: 2014
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