Greek tourism revenues grow by 17% during first seven months of 2018

Α Decrease font Enlarge font
Greek tourism revenues grow by 17% during first seven months of 2018Incoming tourist traffic rises by 14.6%

Based on provisional data by the Bank of Greece, the balance of travel services in July 2018 showed a surplus of €3,218 million, compared with a surplus of €2,776 million in July 2017. More specifically, travel receipts in July 2018 rose by 14.4% to €3,384 million, from €2,957 million in July 2017, whereas travel payments decreased by 8.0% (July 2018: €166 million, July 2017: €181 million). The rise in travel receipts is attributed to a 7.7% increase in inbound traveller flows, as well as to a rise of 6.6% or €37 in average expenditure per trip. Net receipts from travel services accounted for 85.8% of total net receipts from services and more than offset (188.5%) the goods deficit.

In January-July 2018, the balance of travel services showed a surplus of €6,980 million, up from a surplus of €5,924 million in the same period of 2017. This development is attributed to an increase, by 17.0% or €1,198 million, in travel receipts, which were partly offset by travel payments, up by 12.7% or €142 million. The rise in travel receipts mainly reflected a 14.6% increase in inbound traveller flows and, to a lesser extent, an increase in average expenditure per trip by €14 or 2.7%. Net receipts from travel services offset 60.0% of the goods deficit and accounted for 74.4% of total net receipts from services. 

Travel receipts

In July 2018, as mentioned previously, travel receipts rose by 14.4% year-on-year. In more detail, receipts from residents of the EU28 increased by 15.0% to €2,249 million, while receipts from outside the EU28 also rose, by 14.5% (July 2018: €1,060 million, July 2017: €926 million). The higher receipts from within the EU28 were due to increases in receipts from euro area residents by 12.5% to €1,376 million and in receipts from residents of non-euro area EU28 countries by 19.2% to €874 million (July 2017: €733 million). Among major countries of origin, receipts from Germany rose by 20.1% to €495 million, whereas receipts from France fell by 8.0% to €189 million. Receipts from the United Kingdom decreased by 8.8% to €345 million. Turning to non-EU28 countries, receipts from Russia fell by 12.2% to €98 million, while receipts from the United States rose by 75.1% to €215 million.

In January-July 2018, travel receipts totalled €8,232 million, up 17.0% relative to the same period of 2017. This development was driven by a 23.4% increase in receipts from residents of the EU28, which came to €5,671 million, and by a 5.9% rise in receipts from residents outside the EU28 to €2,347 million. In particular, receipts from euro area residents increased by 22.4% year-on-year to €3,504 million, while receipts from residents of non-euro area EU28 countries also rose by 25.0% to €2,167 million. Specifically, receipts from Germany rose by 35.2% to €1,467 million, as did receipts from France, by 2.9% to €465 million. Receipts from the United Kingdom also increased, by 1.2% to €1,052 million. Turning to non-EU28 countries, receipts from Russia decreased by 18.2% to €197 million, while receipts from the United States increased by 27.0% to €503 million. 

Inbound traveller flows 

The number of inbound visitors in July 2018 rose by 7.7% year-on-year to 5,539 thousand. Specifically, visitor flows through airports increased by 10.6%, as did visitor flows through road border-crossing points, by 1.9%. This increase in flows is attributed to higher visitor flows from within the EU28 (up 12.9%), as visitor flows from outside the EU28 declined by 2.5%. In greater detail, the number of visitors from within the euro area increased by 15.7% to 2,011 thousand, while visitors from the non-euro area EU28 countries also rose, by 9.9% (July 2018: 1,846 thousand, July 2017: 1,679 thousand). Specifically, the number of visitors from Germany rose by 31.7% to 677 thousand, while visitors from France increased by 8.6% to 298 thousand. Visitors from the United Kingdom fell by 11.2% to 497 thousand. Turning to non-EU28 countries, visitors from Russia edged down by 0.8% to 125 thousand, whereas visitors from the United States increased by 81.3% to 213 thousand.

In January-July 2018, the number of inbound visitors rose by 14.6% to 14,995 thousand, compared with 13,082 thousand in the same period of 2017. Specifically, visitor flows through airports increased by 15.4%, as did visitor flows through road border-crossing points, by 13.4%. In the period under review, the number of visitors from within the EU28 rose by 21.0% year-on-year to 10,582 thousand, as did the number of visitors from outside the EU28, by 1.8% to 4,413 thousand. Visitors from within the euro area rose by 19.8%, while visitors from the non-euro area EU28 countries increased by 22.2%. Specifically, the number of visitors from Germany increased by 36.5% to 2,133 thousand, as did the number of visitors from France, by 10.1% to 756 thousand. Visitors from the United Kingdom also increased, by 2.5% to 1,555 thousand. Finally, turning to non-EU28 countries, the number of visitors from Russia fell by 11.5% to 277 thousand, whereas the number of visitors from the United States rose by 34.8% to 560 thousand. 

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

Photo Source: Wikimedia Commons Copyright: Dimboukas License: CC-BY-SA 


Tornos
  1. 11/08 21:51

    Greece registers 196 Covid-19 cases and one fatality on Tuesday

  2. 11/08 19:14

    XRTC report: Coronavirus storm rocks the Greek ferry market

  3. 11/08 19:05

    Athens embassy: Greece and Germany partners in innovation and growth

  4. 11/08 18:21

    Media report: Greek tourism sector eyes EU COVID-19 aid

  5. 11/08 18:09

    ELSTAT: 6.5% increase in value of Greek exports during June

  6. 11/08 18:08

    Greek Minister: We assumed extra measures to curb the spread of Covid-19

  7. 11/08 18:01

    Russia approves coronavirus vaccine despite global scientific skepticism

  8. 11/08 17:27

    European Commission spokesperson expresses total support to Greece and Cyprus

  9. 11/08 17:12

    Jet2 will resume Cyprus flight to meet United Kingdom tourist demand

  10. 11/08 16:58

    $200-million Super-yacht ‘Olivia O’ visits Greek island of Ithaca (video)

  11. 11/08 15:14

    Impressive “Perseid” meteor shower peaking tonight (video)

  12. 11/08 14:49

    Greece to ask for an extraordinary European Union Foreign Affairs Council meeting

  13. 11/08 14:42

    Arrivals in Cyprus fell by 96.7% in June

  14. 11/08 13:50

    Greek Foreign Minister Dendias meets with United States Ambassador Pyatt

  15. 11/08 11:56

    126 new Covid-19 cases and one fatality reported in Greece for Monday

  16. 11/08 00:21

    Australian Prime Minister: ‘Unlikely’ borders will open by Christmas

  17. 11/08 00:16

    Cruise ship visits may have caused Covid-19 infections in Norway

  18. 10/08 20:42

    Media report: Rise in coronavirus cases in Greece could lead to UK travel ban

  19. 10/08 20:38

    Cyprus beer deliveries record montly rise but annual drop in July

  20. 10/08 19:38

    Athenian Agora Stoa of Attalos museum to close down for 14 days

  21. 10/08 18:33

    Greece imposes travel restrictions and limits popular island venues' open hours

  22. 10/08 18:22

    WHO: People infected by the coronavirus will surpass 20 million this week

  23. 10/08 17:01

    Elephants, rhinos and hippos once roamed Pinios River valley in Greece

  24. 10/08 16:50

    Cyprus and Russia agree to amend Double Tax Treaty on Monday

  25. 10/08 14:55

    Greek Health Minister: Extra measures against Covid-19 to be announced

  26. 10/08 11:47

    Best Hotels in Greece voted at 2020 Tripadvisor Travelers’ Choice Awards

  27. 10/08 11:45

    Historic Panagia Sumela Monastery frescoes damaged in Turkey

  28. 10/08 11:11

    Greek bond yields have reverted to levels below 1%

  29. 09/08 17:14

    Number of migrants and refugees drops in Greek islands during July

  30. 09/08 16:38

    Masks, Covid-19 test fines, flight passes, quarantines imposed by Cyprus

  31. 09/08 16:32

    Greek Navy's gunship carrying medical assistance departs for Beirut

  32. 09/08 16:21

    Reuters: Doctors reveal Turkish COVID-19 outbreak worse than reported

  33. 09/08 15:16

    Five dead and two missing after flood on Greek island of Evia

  34. 09/08 15:02

    Passengers from Malta should have negative coronavirus test to enter Greece

  35. 09/08 14:57

    Greek PM to participate in virtual donors conference for Lebanon

  36. 09/08 11:11

    AP: Cyprus to send more medical staff and equipment to Lebanon

  37. 08/08 23:10

    Greece raises €,812.5 million via 3-month Treasury bill at negative rate

  38. 08/08 22:56

    Weather improvement is expected in Athens after Sunday

  39. 08/08 22:44

    Media: COVID-19 ravaged US warns Americans Greece may not be safe

  40. 08/08 20:36

    152 new Covid-19 cases and one fatality in Greece during the last 24 hours

  41. 08/08 17:37

    EPP chief: Greek-Egyptian deals boosts peace and stability in Eastern Med

  42. 08/08 16:14

    Greek police carry out intense checks against spread of Covid-19 pandemic

  43. 08/08 15:32

    Greek government announces extra measures due to Covid-19 cases rise

  44. 08/08 13:30

    Perseids: Watch 100 meteors an hour zoom by next week

  45. 08/08 11:09

    MSC restarts sea cruises with three Greek port destinations

  46. 07/08 17:17

    United Kingdom returns twelve stolen religious icons to Greece

  47. 07/08 17:07

    AP: Hilton hotel sales drop in second quarter as travel freezes

  48. 07/08 17:03

    Greek producers lose half their peach crops to storm in Kozani

  49. 07/08 17:00

    Calls to 112 will be geolocalized with absolute accuracy in Greece

  50. 07/08 16:47

    Greek Foreign Minister: Agreement with Egypt a major gain for Greece

  51. 07/08 16:28

    Greek PM: Upgrading public transport a government priority

  52. 07/08 14:12

    Art Athina 2020 goes digital in Greece due to the coronavirus pandemic

  53. 07/08 12:53

    153 new coronavirus cases and no fatalities reported in Greece

  54. 07/08 11:57

    Greek island of Poros under curfew to contain Covid-19 infections

  55. 07/08 11:19

    Panic in international banks that try to get rid of the Turkish lira

  56. 07/08 10:42

    Only 400 Covid-19 cases from 1.3 million tourists recorded during July in Greece

  57. 06/08 19:24

    Kassandra festival in Chalkidiki peninsula of Greece cancelled

  58. 06/08 19:20

    Good dialogue with Colombian Mayors Medellin relaunced

  59. 06/08 19:14

    134 Iraqi migrants voluntarily returned from Greece to their country

  60. 06/08 17:03

    AP: Booking.com reduces workforce by thousands as travel drops

  61. 06/08 16:36

    Greek Defence Minister speaks on the phone with Lebanese counterpart

  62. 06/08 16:31

    Greek International Food Market satisfies demand for Virtual Experiences

  63. 06/08 16:02

    A new framework for cooperation on tourism between Greece and Egypt

  64. 06/08 15:51

    Austrian Interior Minister to visit Greek capital of Athens on August 25-26

  65. 06/08 14:47

    Coronavirus pandemic pushes Greek unemployment to 17%

  66. 06/08 14:36

    Greek government: Battle with virus won only when vaccine is found

  67. 06/08 13:11

    Storm front Thalia to spread to western central Greece on Thursday

  68. 05/08 20:14

    Cyprus conditions on Greek travelers perplexes Greek Tourism Minister

  69. 05/08 20:08

    The Enigma of Keros: Documentary on one of the top riddles of antiquity

  70. 05/08 20:01

    Hellenic College and Holy Cross will open with online classes in September

  71. 05/08 15:51

    Foreign ministry issues phone lines for Greeks affected by Beirut explosions

  72. 05/08 15:47

    Greek rescue team departs for Lebanon to help in aftermath of explosion

  73. 05/08 14:38

    Media reports: Greek woman dead and two injured in Beirut explosion

  74. 05/08 13:55

    Greek Prime Minister: Our national vaccine is our ‘philotimo’

  75. 05/08 12:54

    Greek professor warns young people can fall seriously ill from Covid-19

  76. 05/08 12:17

    More than 100 killed in two massive explosions in Beirut of Lebanon (videos)

  77. 05/08 11:44

    121 new Covid-19 cases and no fatalities reported in Greece

  78. 04/08 17:09

    Greeks visiting Cyprus face random coronavirus tests for entry

  79. 04/08 15:25

    New IATA’s Customer, Financial & Digital Services Senior VP

  80. 04/08 15:20

    Greece plans to make property buying easier for foreigners

  81. 04/08 15:17

    77 new Covid-19 cases and two fatalities in Greece during last 24 hours

  82. 04/08 15:12

    Press conference on COVID-19 scheduled in Greece today at 18:00

  83. 04/08 15:05

    Greek government cabinet reshuffle focused on improving functionality

  84. 04/08 14:51

    GNTO presents outdoor campaign to boost Greek tourism

  85. 04/08 14:05

    EU: Restrictions within states not necessarily accompanied by travel restrictions

  86. 04/08 09:27

    Despite coronavirus concerns, Greece allows cruise ships not coming yet

  87. 03/08 23:55

    British novelist Victoria Hislop returns to Crete, this time as a Greek

  88. 03/08 23:33

    "CHANIA: Always Pure" advertising campaign launched

  89. 03/08 20:29

    Face masks mandatory on decks of passenger ferries in Greece

  90. 03/08 19:33

    Greek museums and sites open on Monday night for August full moon

  91. 03/08 19:18

    Rescheduling of summer transport helps congestion in Greek capital of Athens

  92. 03/08 17:23

    Measures adopted at Cyprus' airports to reduce passenger congestion

  93. 03/08 15:07

    Greek PM: EU must be on high alert until Covid-19 vaccine is found

  94. 03/08 13:45

    Greece's national strategic plan for the Recovery Fund presented in October

  95. 03/08 12:51

    Media: Secret island getaway of Andros near Athens in Greece

  96. 03/08 11:13

    UNWTO, ONCE Foundation and ENAT call for reopening of tourism

  97. 02/08 21:01

    Recovery Fund dominates Greek cabinet's last meeting before summer recess

  98. 02/08 20:55

    World’s top swimmers at The Authentic Marathon Swim in Evia island

  99. 02/08 20:43

    AP: Cyprus make mask-wearing compulsory in big indoor spaces

  100. 02/08 16:51

    110 new recorded Covid-19 cases in Greece during last 24 hours