Moving to Photos - will it automatically create folders/albums?

So currently I manually sort my photos and often put into its own folder e.g. “Holiday 2017” or "Halloween 2016" - have a folder called Digital Photos and inside there loads of sub folders. (I just manually transfer photos from iPhone to Mac every now and then). And just using Picasa to manage - although that is no longer being updated. (And use Google Photos to backup etc)

Considering using Apple Photos but my question is -

If importing photos into Apple Photos, can it auto create these sub folders as there own folders/albums in Photos?

Thanks in advance