The Boom in the Bust – Why Greek Island Holidays are Going Through the Roof
The Boom in the Bust Why Greek Island Holidays are Going Through the Roof
While the Grecian economy stutters, holiday makers are set to feast on unprecedented offers for their accommodation, incredible prices for food and drink and even magnified warmth of welcome from their island hosts. Greece needs as much outside money as it can get which means a sudden open season for ridiculous tourist bargains. Greek villa holidays and Greek island holidays are hitting unbelievably silly price lows as the former seat of the cultural world opens its doors to the only guaranteed source of extra income any post recession country has: tourists.
Tourist money is a unique economic phenomenon at any time. Tourist cash comes from other economies (i.e. other countries, the home lands of the tourists) which means that it is, effectively, an injection of fresh money into the economy of the visited country. It comes in, it swells the coffers, and it doesn't leave. For every single person taking Greek villa holidays, or Greek island holidays, this year, the Greek economy will swell by a fraction of a percent.
What does this mean for the casual holidaymaker? All sorts. For one, anyone travelling to Greece in the near future can expect the warmest of all Mediterranean welcomes. Greek island holidays and Greek villa holidays taken over the next few months could well be among the warmest and friendliest in the world.
For two, and most importantly (in the eyes of the consumer, at least) astonishing rates on villas and hotels. This year really is the year to go live in the lap of luxury, no matter what the budget. Greece, unlike comparatively cheap destinations in Asia and the Middle East, has no huge language barriers. Greece is easier and cheaper to get to than these places, and offers impeccable accommodation at the kind of prices one might expect to find on the Khao San Road. Greek villa holidays have always meant stepping back in time, to live a luxurious couple of weeks in the style of the traditional "grand tour": they still do, but now practically anyone can do it at a knock down price so tantalising it's a wonder there are any left.
Greek island holidays might not be like this forever so make the most of it. Once people catch on to the fact that holidaying in Greece is basically getting into the lap of luxury for budget prices, the whole island will be overrun. Following which, its economy, bolstered by all that extra tourist money, will stabilise. This year is the year for sweet summer fun, glorious Mediterranean food and warm nights at a price tag that everyone can afford.
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