Tourism revenue in the first 10 months of 2017 reached 14,16 billion Euros

27 December 2017
139 Views

Tour operators have almost reached the target of 14,5 billion Euros for 2017 according to the daa of the first 10 months. The figures show a two-digit growth, especially in October, raising revenue a little below 1,2 billion, confirming the estimates refer to the best autumn of recent years.

Based on the first figures of the Bank of Greece, the tourist revenue for the January – October 2017 interval stood at 14,16 billion Euros, increased by 10,6% compared to October 2016, when the corresponding number had reached 12,8 billion. Compared to October 2015 the numbers of the ten-month period are higher, when the revenue from tourism had reached 13,7 billion Euro.

October 2017 went exceptionally well: Based on provisional data of the Bank of Greece’s tourist revenues increased by 14,2% to 1,17 billion Euros from 1 billion in October 2016 and 900 million in October 2015.

Banking data also show an increase in arrivals of non-resident travelers at a rate of 8,4% individually for October compared with the same month last year, while for the period January – October, an increase in arrivals ranged to the two-digit rate of 10,1%.

The CEO of the Bank Mr. Yannis Stournaras, also mentioned the positive course of tourism of Greece at the Interim Monetary Policy Report, pointing out that “the positive development of tourism in 2017 is expected to
continue in 2018, as improvements in transport infrastructure and developments mainly in the air transport market, are expanding its capabilities”.

The report makes reference also the contribution of the industry to the decline in youth unemployment “due to the sectoral employment mix that strengthens youth employment positions related to tourism services and trade” at the same time which, as stated, “business expectations in the tourist business, are positive”.

You may be interested

Psiloritis: The sacred mountain of Crete
GREECE
shares116 views
GREECE
shares116 views

Psiloritis: The sacred mountain of Crete

Panos - Jan 23, 2018

The stone giant of Crete, a natural border between the Earth and the Sky, dominates the whole of the island.…

Tourism revenues reach 14.4 billion euros in 1st half of 2017
GREECE
shares38 views
GREECE
shares38 views

Tourism revenues reach 14.4 billion euros in 1st half of 2017

Panos - Jan 23, 2018

Tourism-related revenue continued to touch double-digits in the first half of 2017, amounting to a total of 14.4 billion euros.…

88 ‘prior actions’ to be implemented until end of current bailout
GREECE
shares51 views
GREECE
shares51 views

88 ‘prior actions’ to be implemented until end of current bailout

Panos - Jan 23, 2018

No less than 15 "prior actions", what the Commission calls "key deliverables", remain for Athens to implement in order to…

Leave a Comment

Your email address will not be published.