According to Yiannis Retsos (President of the Greek Hoteliers Federation) cancellations in hotel reservations throughout Greece is now becoming an everyday phenomenon and the month of May suffered greatly because of this. Retsos said that Greece has already lost 2 million tourists and the projection for 2012 is "a roll of the dice". At the same moment the tourist product of Athens is only counting its wounds and the tourist world is speaking of a collapse in arrivals and revenues. Twenty five hotels in Athens have shut down while others are suspending their operation and others are becoming seasonal hotels. Referring to the working positions in the sector, in May 2011 jobs dropped to 11,000 marking a 30 percent decline compared with May 2008 (14,000 working positions).
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