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GreeceBusinessTravel receipts up 15.2% to 18 billion euros in Jan-Sept

Travel receipts up 15.2% to 18 billion euros in Jan-Sept

Hellenic News of America
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Travel receipts grew 15.2% totaling 17.919 billion euros in the January-September period this year, compared with the corresponding period in 2022, with the balance of travel services showing a surplus of 16.071.0 billion, up from a surplus of 14.136.5 billion in the same period of 2022, the Bank of Greece (BoG) said on Tuesday.

More specifically, travel receipts rose by 2.359.7 billion, or 15.2%, to 17.919.5 billion, while travel payments increased by 425.2 million, or 29.9%, to 1.848.5 billion. The rise in travel receipts stemmed from a 17.3% increase in inbound traveller flows, as average expenditure per trip fell by 2.5%. Net travel receipts offset 67.5% of the goods deficit and contributed 85.0% to total net receipts from services.

The increase in travel receipts was due to increases in receipts from residents of the EU27 by 11.7% to 9.981.6 billion and in receipts from residents outside the EU27 by 18.3% to 7.458.8 billion. In particular, receipts from Germany grew by 4.4% to 2.965.7 billion, while receipts from France grew by 10.6% to 1.290.7 billion. Turning to non-EU27 countries, receipts from the United Kingdom rose by 6.8% to 3.014.7 billion. Receipts from the United States increased by 13.5% to 1,115.7 billion, while receipts from Russia dropped by 23.8% to 28.0 million.

In the nine-month period, the number of inbound travellers rose by 17.3% to 27,790.5 thousand (January-September 2022: 23,686.7 thousand). Specifically, traveller flows through airports grew by 11.7%, while traveller flows through road border-crossing points increased by 36.7%. In the period under review, the number of travellers from within the EU27 rose by 15.0% year-on-year to 16,946.9 thousand and travellers from outside the EU27 increased by 21.2% to 10,843.6 thousand.

The number of travellers from within the euro area rose by 10.0% and travellers from non-euro area EU27 countries increased by 25.2%. Specifically, the number of travellers from Germany grew by 6.5% to 3,855.5 thousand, as did the number of travellers from France, by 5.3% to 1,626.8 thousand.

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Turning to non-EU‑27 countries, the number of travellers from the United Kingdom rose by 0.8% to 3,882.4 thousand and travellers from the United States increased by 32.6% to 1,108.0 thousand. Finally, the number of travellers from Russia fell by 3.8% to 30.1 thousand.

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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