Dip in Greek tourism arrivals and revenues at start of year

21 April 2017
110 Views

Tourism arrivals from abroad and revenues posted a yearly decline over the first two months of the year, according to provisional figures presented on Friday by the Bank of Greece.

Tourism revenues declined 2.7 percent year-on-year to 309.9 million euros in the January-February period, while arrivals fell 2.8 percent to come to 965,000.

Average spending per trip was virtually unchanged, coming to 317.4 euros against 317.1 euros in the same period last year.

The decline in revenues and arrivals highlights the country’s inability to attract more foreign visitors during the winter period. The drop in visitors is mainly due to the fall in visitors by road.

March does not appear to have improved the picture in the industry: Provisional data by the Greek Tourism Confederation (SETE) showed a 0.8 percent annual decline in air arrivals from abroad at the country’s main airports last month, coming to 360,461 against 363,531 in March 2016. In the January-March period, air arrivals rose 1.7 percent to 898,790 against 883,650 in the first quarter of 2016.

The tourism market, however, expects the rest of the year to show a considerable increase, at least in arrivals.

BoG figures also revealed a 9.9 percent drop in the expenditure of Greek tourists abroad.

You may be interested

PAO fans storm club’s offices
GREECE
shares66 views
GREECE
shares66 views

PAO fans storm club’s offices

makis - Jun 23, 2017

A group of Panathinaikos fans have stormed the club’s headquarters protesting against what they consider to be a complete lack…

Almost 4 million Greeks were at risk of poverty last year
FINANCE
shares56 views
FINANCE
shares56 views

Almost 4 million Greeks were at risk of poverty last year

makis - Jun 23, 2017

According to the ELSTAT, 35,6% of the Greece’s population or 3.789.300 people were at risk of poverty or social exclusion…

New survey: New Democracy gains 6 percentage points in one month widening the gap with Syriza!
POLITICS
shares76 views
POLITICS
shares76 views

New survey: New Democracy gains 6 percentage points in one month widening the gap with Syriza!

makis - Jun 23, 2017

The government’s communication effort to give a positive impression to the Eurogroup agreement does not seem to be working that…

Leave a Comment

Your email address will not be published.