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GreeceIncreased tourist traffic, reduced revenues, in the period January-August 2024, BoG reports

Increased tourist traffic, reduced revenues, in the period January-August 2024, BoG reports

Hellenic News of America
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Travel receipts in August 2024 decreased by 1.8% compared to the corresponding month of 2023, the Bank of Greece announced on Tuesday.

Conversely, in the eight months of January-August, according to Bank of Greece data, travel receipts recorded a 3.2% increase compared to the same period in 2023, reaching 15.1 billion euros.

This development was due to the 6.0% increase in receipts from residents of the EU-27 countries, which amounted to 8.5 billion euros, as receipts from residents of other countries decreased by 2.8% to 5.9 billion euros.

The number of inbound travellers in August 2024 rose by 6.6% year-on-year, to 6.908 million. Specifically, traveller flows through airports grew by 8.8% year-on-year and traveller flows through road border-crossing points rose by 3.0%. This overall increase was due to higher traveller flows from both EU (up by 8.1%) and other countries (up by 4.1%). In greater detail, the number of travellers from within the euro area rose by 12.7% to 2.8386 million, while travellers from non-euro area EU countries increased by 0.7% to 1.6005 million. Specifically, the number of travellers from Germany rose by 31.3% to 1.0085 million, as did the number of travellers from France by 14.1% to 454,000. Travellers from Italy also increased by 6.0% to 553,200. Turning to other countries, the number of travellers from the United Kingdom fell by 5.3% to 870,800 thousand, whereas travellers from the United States increased by 13.7% to 227,700 thousand. No traveller flows were recorded from Russia.

In January-August 2024, the number of inbound travellers rose by 9.9% to 24.8906 million (January-August 2023: 22.6491 million). Specifically, traveller flows through airports grew by 11.1%, as did traveller flows through road border-crossing points, by 7.7%. In the period under review, the number of travellers from within the EU27 rose by 10.3% year-on-year to 15.2555 million, while travellers from other countries increased by 9.2% to 9.6351 million. The number of travellers from within the euro area rose by 13.4% and travellers from non-euro area EU countries increased by 4.8%.

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Specifically, the number of travellers from Germany rose by 17.7% to 3.6131 million, as did the number of travellers from France, by 7.7% to 1.5185 million. Travellers from Italy also increased, by 10.9% to 1.5439 million. Turning to other countries, the number of travellers from the United Kingdom rose by 4.0% to 3.1369 million, while the number of travellers from the United States increased by 8.4% to 1.0163 million. Finally, the number of travellers from Russia fell by 64.9% to 9,000.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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