Greece expects 10% increase in tourist arrivals in 2011 on North African strife

Hellenic Hotel Federation President Andreas Andreadis stated Greece may receive a 10% increase in tourist arrivals in 2010 due to political turmoil in North Africa (Bloomberg, 04-Mar-2011). Early bookings for the spring and summer season from UK, which accounted for 14% of the 15 million visitor arrivals in 2009, are more than 10% higher than in 2010. German reservations have risen as much as 5% while Russian bookings are up by around 20%. "It looks like we're getting a part of the family business that was going to Egypt and Tunisia," Mr Adreadis said.