3Impact on Tourism and Economy

Santorini, celebrated for its stunning vistas, white-washed architecture, and vibrant sunsets, is a cornerstone of Greece’s tourism industry, attracting millions of visitors annually. The collapse of Red Beach, coupled with the ongoing seismic activity, poses a significant threat to the island’s tourism-dependent economy.

Local businesses are grappling with cancellations and a sharp decline in visitor numbers. The uncertainty surrounding the island’s geological stability has led to a wave of booking withdrawals, with potential tourists opting for alternative destinations perceived as safer. The timing is particularly detrimental as the island was preparing for the upcoming peak tourist season.

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