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Greek tourism moves to a new revenue record

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Greek tourism moves to a new revenue record

TO new accounting of travel receipts heading this year Greek tourism despite the fact that there has been a decrease in the growth rate of bookings since Germany for holidays in Greece in the third trimester.

Last year, travel receipts were at the level 17.7 billion euroswhile the record stands for 2019, when travel receipts were 18.2 billion

As a bet, the configuration is currently shown, this year the collection is more than 18.5 billion.

According to data from Greek travel agencies available to Kathimerini, for both the first and second quarters of 2023. greatly improved compared to the corresponding periods in 2022.

This fact is confirmed by her data. Aegean Sea passenger traffic in the period from January to May: displays foreign passenger traffic for the Aegean Sea to the airport “Eleftherios Venizelos” and back. increased by 65% against 2022 and 12% compared to 2019, and at the airport “Macedonia” it was strengthened by 72% rin relation to the previous year and against thirty% compared to 2019.

The forecast for higher earnings is also supported by his data. Bank of Greece for January-March 2023, when business trip receipts also showed an increase of 63.8% compared to the corresponding period in 2022 and amounted to 732.9 million rubles.

As a rule, during the first quarter of each year only 5% annual travel income, while in the second quarter 25%.

third trimester constitutes the peak of the year and corresponds to 60% road revenues, and another 10% is revenues in the fourth quarter.

Considering that 30% of the first half of the current year is estimated as an excess of revenues from the corresponding period of 2019 and that the third quarter will move by all indications at similar levels to last year, it is concluded that unexpectedly – like, for example, a bad fourth quarter due to unforeseen external factors, a new record of receipts will be registered this year.

This is exactly what economists, who are closely following specific figures, point to in a conversation with Katimerini.

However, it should be noted that, according to the Institute of the Association of Greek Tourism Enterprises, orders from Germany in the third quarter did not change or even slightly decreased compared to the previous year. According to available information, this is due to the large number of promotions carried out by large German travel agencies in favor of Turkey and at the expense of mainly Spain and, secondly, Greece.

The most attractive prices in Türkiye they also form a competitive advantage. At the same time, some reservations are also being expressed for the US market, given the year-over-year depreciation of the dollar, which removes the relative benefit for travelers from the US to eurozone members such as Greece.

In any case, it is difficult to draw unambiguous conclusions about the overall result of tourist activity in Greece this year.

However, a more credible conclusion is that Greece tends to perform better in terms of revenue than in terms of tourist traffic, as its visitor identities tend to be higher in income, the same sources explain. And this can more than compensate for any rumors about the reduction in arrivals from Germany or other countries.

Author: Ilias Bellos

Source: Kathimerini

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