Greek Tourism 2016: Travel receipts from key markets reduced in first 9 months

Α Decrease font Enlarge font
Greek Tourism 2016: Travel receipts from key markets reduced in first 9 monthsBased on provisional data by the Bank of Greece, the balance of travel services showed a surplus of €2,038 million in September 2016, up 1.0% from a surplus of €2,018 million in September 2015

Based on provisional data by the Bank of Greece, the balance of travel services showed a surplus of €2,038 million in September 2016, up 1.0% from a surplus of €2,018 million in September 2015. More specifically, travel receipts in September 2016 rose to €2,232 million (up 2.3% from €2,182 million in September 2015), while travel payments increased by 17.9% (September 2016: €193 million, September 2015: €164 million). The rise in travel receipts resulted from a 13.7% increase in inbound traveller flows, as average expenditure per trip decreased by 10.1%. Net receipts from travel services accounted for 81.9% of total net receipts from services and more than offset (148.8%) the goods deficit. 

In January-September 2016, the balance of travel services showed a surplus of €10,472 million, down 7.1% from a surplus of €11,269 million in the same period of 2015. This development was driven by both a decrease in travel receipts (down €703 million or 5.5%) and an increase in travel payments (up €94 million or 6.2%). The fall in travel receipts resulted from a 9.3% decline in average expenditure per trip, as inbound traveller flows rose by 3.5%. Net receipts from travel services offset 86.5% of the goods deficit and accounted for 78.5% of total net receipts from services. 

Travel receipts 

In September 2016, as mentioned previously, travel receipts rose by 2.3% year-on-year. Looking at the breakdown by visitor’s country of origin, receipts from residents of the EU28 increased by 4.4% (September 2016: €1,603 million, September 2015: €1,536 million), while receipts from outside the EU28 dropped by 3.3% (September 2016: €569 million, September 2015: €588 million). The increase in receipts from within the EU28 was due to a rise of €188 million or 36.7% in receipts from residents of non-euro area EU28 countries, as receipts from euro area residents fell by 11.8 % (September 2016: €903 million, September 2015: €1,023 million). Among major countries of origin, receipts from Germany fell by 17.8% to €357 million and those from France dropped by 24.7% to €136 million. Receipts from the United Kingdom increased by 39.7% to €377 million. Turning to non-EU28 countries, receipts from Russia rose by 39.6% to €97 million, while those from the United States fell by 36.9% to €112 million. 

In January-September 2016, travel receipts decreased by 5.5% to €12,085 million, relative to the same period of 2015. This development is attributed to lower receipts from both within the EU28 (down 2.8% to €8,389 million) and outside the EU28 (down 13.5% to €3,278 million). In particular, receipts from euro area residents fell by 7.4% to €5,093 million, while those from residents of non-euro area EU28 countries rose by 5.2% to €3,296 million. Specifically, receipts from Germany dropped by 10.4% to €1,798 million and those from France by 24.3% to €842 million. Receipts from the United Kingdom also decreased, by 5.6% to €1,763 million. Turning to non-EU28 countries, receipts from Russia rose by 5.4% to €410 million, while those from the United States fell by 26.7% to €628 million. 

Inbound traveller flows 

The number of inbound visitors in September 2016 rose by 13.7% year-on-year to 4,150 thousand. Specifically, visitor flows through airports and road border-crossing points rose by 9.5% and 17.5% respectively. This development reflected a 21.4% increase in visitor flows from within the EU28, as visitor flows from outside the EU28 fell by 2.3%. In greater detail, visitor flows from the euro area rose by 1.1% to 1,449 thousand and those from the non-euro area EU28 countries increased by 49.6% (September 2016: 1,544 thousand, September 2015: 1,032 thousand). Specifically, visitor flows from Germany decreased by 8.1% to 513 thousand, while those from France fell by 13.8% to 208 thousand. Visitor flows from the United Kingdom increased by 58.1% to 527 thousand. Turning to non-EU28 countries, visitor flows from Russia rose by 44.2% to 130 thousand, while those from the United States fell by 34.0% to 89 thousand. 

The number of inbound visitors in January-September 2016 increased by 3.5% to 21,345 thousand (January-September 2015: 20,617 thousand). Specifically, visitor flows through airports rose by 6.8%, while those through road border-crossing points fell by 5.4%. In the period under review, visitor flows from within the EU28 increased by 13.1% year-on-year to 14,838 thousand, whereas those from outside the EU28 fell by 13.2% to 6,506 thousand. Visitor flows from the euro area rose by 6.9% and those from the non-euro area EU28 countries by 20.5%. Specifically, visitor flows from Germany rose by 6.2% to 2,536 thousand, while those from France fell by 11.6% to 1,186 thousand. Visitor flows from the United Kingdom increased by 15.6% to 2,456 thousand. Finally, turning to non-EU28 countries, visitor flows from Russia increased by 18.9% to 525 thousand, while those from the United States decreased by 2.8% to 640 thousand. 

Related link: Developments in the balance of travel services: September 2016 - Table

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Tornos
  1. 20/11 00:56

    Tourist arrivals mark a new all-time high in Cyprus during 2019

  2. 20/11 00:45

    Piraeus Bank to sponsor multiple cultural events for Greek Bicentennial

  3. 20/11 00:40

    Boosting aviation competitiveness in Germany to create jobs and growth

  4. 20/11 00:34

    Labor Minister: Enshrining minimum income in constitution a 'historic' step

  5. 20/11 00:27

    Visitors to Athens have doubled within last six years

  6. 20/11 00:11

    Greece's Alpha Bank reveals largest securitization of NPEs in Europe

  7. 20/11 00:03

    IATA on aviation: A sustainable industry for all Europe’s citizens

  8. 20/11 00:03

    IATA on aviation: A sustainable industry for all Europe’s citizens

  9. 19/11 23:56

    Cape Verde institute wins 'Melina Mercouri' prize at UNESCO HQ in Paris

  10. 19/11 23:23

    Athens Acropolis lit blue for anniversary of United Nations Convention on children

  11. 19/11 23:11

    Arsakio landmark building to turn into culinary center for Athens

  12. 19/11 22:45

    Greek Prime Minister visits Croatian capital of Zagreb for EPP congress

  13. 19/11 22:34

    EBRD: Greek economy to grow by 2% in 2019 and 2.4% during 2020

  14. 19/11 22:27

    Ecumenical Patriarch to commence U.S. visit in Boston on May 7th, 2020

  15. 19/11 22:17

    Germany unveils TIF logo as Honored Country at Innovation Forum held by SNF

  16. 19/11 22:06

    Diaspora Minister stresses role of Congress in promoting Greek-American relations

  17. 19/11 20:40

    21st Annual Capital Link Invest in Greece Forum in New York on December 9

  18. 19/11 18:18

    Report: Golden Visa scamsters bilking foreign investors in Greece

  19. 19/11 16:05

    Minister: Anti-smoking law will now be strictly implemented in Greece

  20. 19/11 14:34

    Chinese COSCO investment project to make Piraeus Europe’s largest port

  21. 19/11 14:16

    Remote Greek villages of Zagori get wi-fi and attract more tourists

  22. 19/11 10:42

    Cypriots’ travelling abroad increased by 8.6% during October

  23. 19/11 03:46

    Media: End nears for troubled Greek Astra Airways as Aegean offers help

  24. 19/11 03:39

    Greek PM receives Patriarch of Alexandria and All Africa Theodore II

  25. 19/11 03:34

    Minister for Greeks Abroad takes part in Southeast Europe conference in DC

  26. 19/11 03:00

    Mytilineos Luxembourg subsidiary to issue €500 million senior notes due 2024

  27. 19/11 02:50

    AP: Cypriot President announces that Pope Francis will visit the island in 2020

  28. 19/11 02:20

    4,500-year mystery found in the heart of the Aegean Sea

  29. 19/11 02:10

    Greek tennis sensation Stefanos Tsitsipas wins the ATP Finals title

  30. 19/11 01:26

    Greek-American Hollywood star Billy Zane honored artist at Thessaloniki Fair

  31. 18/11 22:00

    Minister: State e-platforms to migrate to Greek government cloud by January 2022

  32. 18/11 20:44

    UN meeting on climate disruptions in transport held in Athens on November 18-19

  33. 18/11 20:34

    Greek PM Mitsotakis: Absorption of EU funding must speed up

  34. 18/11 18:25

    Greek state budget records primary surplus of €5.755 billion in January-October

  35. 18/11 16:14

    Parliamentary process for revising the Greek Constitution enters final stretch

  36. 18/11 16:09

    Three eminent Greek Diaspora scholars enter Russian Academy of Sciences

  37. 18/11 12:14

    Thailand greenlights exports of Greek kiwi fruit

  38. 18/11 10:52

    First assemby meeting of Greek Union of Reporters for Agriculture and Food

  39. 18/11 01:51

    "1915 and Beyond" genocide presentation and art exhibition in New York (video)

  40. 18/11 01:19

    Invasion, not Santorini volcano eruption tsunami seen wiping out Minoans

  41. 17/11 20:01

    Greek transport ticket inspectors to track down fare dodgers in Athens

  42. 17/11 19:54

    Polytechnic march to the United States Embassy begins in Athens (video)

  43. 17/11 19:43

    Greek government denies 'backtracking' on money laundering fight

  44. 17/11 19:38

    Draft law on liberalisation of energy market tabled in Greek Parliament

  45. 17/11 15:03

    Media report: Affluent Chinese happily snapping up Greek Golden Visas

  46. 17/11 15:00

    Greek tennis star Tsitsipas beats Federer and advances to final of ATP Finals

  47. 17/11 14:56

    Deputy Minister: Casino resort of particular significance for Cyprus tourism

  48. 17/11 14:36

    Three metro stations to close in Athens after 15:00 on Sunday 17 November

  49. 17/11 12:53

    Traffic changes on Corinth-Patras motorway between November 18-24

  50. 17/11 12:07

    Symphonic Rebetiko impresses the audience at Athens’ Olympia Theater (video)

  51. 16/11 15:22

    Media report: Some privatizations in Greece move forward while others struggle

  52. 16/11 15:15

    “The Independent” to UK PM Boris Johnson: Return the Elgin Marbles

  53. 16/11 14:59

    World Bank: Greece can increase 'Doing Business' ranking by 18 spots

  54. 16/11 14:53

    Greek tax bureau unveils scam involving software hiding sales

  55. 16/11 13:56

    Greece’s Bicentennial Independence celebration grander than 2004 Olympics

  56. 16/11 13:15

    Study: Greece ranks 4th in 40 European countries for pensioners' quality of life

  57. 16/11 12:48

    Greek Prime Minister Mitsotakis discusses migration with German Chancellor

  58. 16/11 11:45

    Bank of Greece chief reveals plan to cover 60% of Greek bank NPLs

  59. 16/11 01:05

    Travel professionals focus on Millennials and older Gen Zs for marketing in 2020

  60. 15/11 23:35

    Plenary discussion on Greece's constitutional revision begins on Monday

  61. 15/11 23:23

    Foreign Ministry campaign for Greek Diaspora voting

  62. 15/11 23:09

    Tsunami simulation warning exercise in Greek island of Kos on November 19

  63. 15/11 22:57

    Australia’s national carrier Qantas carries out 19 ½-hour London-Sydney flight

  64. 15/11 22:07

    Weak quake shakes picturesque Hydra island south of Athens

  65. 15/11 20:15

    Greek Premier: Prepaid special consumption tax to be returned to winemakers

  66. 15/11 20:12

    AP: Turkey deports American ISIS suspect stuck at Greek border

  67. 15/11 20:06

    International Monetary Fund acknowledges Greek economy progress

  68. 15/11 19:56

    Greek Prime Minister Mitsotakis pushes North Macedonia’s European hopes

  69. 15/11 19:47

    Shipping Minister: New Cosco project in Piraeus key to future investments

  70. 15/11 19:37

    $15-million Athenian Charter School groundbreaking ceremony in Florida, USA

  71. 15/11 19:16

    Media: How affluent foreigners can purchase Greek residency and EU passports

  72. 15/11 16:59

    Changes in the opening hours of Athens museums on Sunday November 17

  73. 15/11 14:24

    Athens Polytechnic opens its gates for uprising anniversary events on Sunday

  74. 14/11 20:10

    Greek PM: New Macedonian products logo “embraced” by producers (video)

  75. 14/11 20:06

    Historic shipwrecks become ‘Underwater Museums’ across Greece

  76. 14/11 20:01

    Fire on two yachts at marina in Athens suburb of Glyfada

  77. 14/11 19:58

    Greeks and Armenians protest Turkish President's visit to the White House

  78. 14/11 19:46

    Ancient cup awarded to 1st Marathon winner returned to Greece

  79. 14/11 19:34

    Central Arizona College plans intercultural studies in Greece in Spring Break 2020

  80. 14/11 19:29

    Athens police to adopt strict security measures for November 17 anniversary

  81. 14/11 19:23

    Study: Greece remains great for pensioners even after big benefit cuts

  82. 14/11 19:08

    Commissioner: Sustainable policy for migrants and refugees a priority for EU

  83. 14/11 19:01

    European Union considers travel bans and freezing assets on Turkey

  84. 14/11 18:57

    Government's spox: Greece's 'complete comeback' in Balkans top priority

  85. 14/11 18:49

    Cyprus and Israel to promote jointly East Mediterranean cruises

  86. 14/11 18:40

    Athens' iconic Lycabettus Hill makeover to boost safety and attract visitors

  87. 14/11 18:30

    Culinary report: Κrania Τree among “superfoods” of Greece

  88. 14/11 17:33

    Gastronomy guide: The best Greek restaurants around the world

  89. 14/11 16:45

    Greece announces new criteria for Golden Visa program

  90. 14/11 15:54

    Passenger traffic in Greek airports grows by 5.1% in January-October

  91. 14/11 14:47

    IATA: Improving accessibility and inclusion in air travel

  92. 14/11 14:24

    Greek Prime Minister Mitsotakis attends 'Thessaloniki Summit 2019'

  93. 14/11 02:40

    First Greek-German Innovation Forum at SNFCC in Athens on November 18

  94. 14/11 02:35

    Greek and Saudi Arabian Foreign Ministers meet in Athens for investments

  95. 14/11 02:25

    Greek American actor John Stamos featured in ‘The Little Mermaid Live!’ (video)

  96. 14/11 02:16

    “Maria before Callas. Her childhood years” at Mikro Pallas theater in Athens

  97. 14/11 01:16

    Athens-based brand design agency wins Red Dot Award in Berlin

  98. 14/11 00:33

    Reuters: Total credit contraction recorded in Greece during September

  99. 14/11 00:27

    Ecumenical Patriarch accuses Russian Orthodox Church of playing politics

  100. 14/11 00:21

    Aegean Airlines increases flights from Cyprus to Athens and Beirut