Thursday, 9 July 2015

Greece: expect late summer bargains

Expect late summer Greek holiday price cuts - but keep you eyes on the ball. Travel industry intelligence suggests few cancellations by people who had booked trips there before the crisis came to a head. But one tour operator specialising in holidays says bookings are now coming in at only about 25% of the usual rate for tunis time of year. They are likely to pick up only if the crisis is resolved, even temporarily, and banks are able to function normally again. If that happens, watch for discounted deals in September and October. If it doesn't, who knows what will happen next? But one thing is for sure: even if a new version of the drachma is reintroduced, initially in parallel with the euro, it's your hard currency local businesses will want. 

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