Inbound travel up 17.3% and receipts up 15.4% in Greece during January-November

Α Decrease font Enlarge font
Inbound travel up 17.3% and receipts up 15.4% in Greece during January-NovemberNet receipts from travel services accounted for 50.0% of total net receipts from services and offset 7.2% of the goods deficit

Based on provisional data by the Bank of Greece, the balance of travel services in November 2023 showed a surplus of €206.2 million, up from a surplus of €198.5 million in November 2022. More specifically, travel receipts in November 2023 rose by 18.9% to €401.1 million, from €337.3 million in November 2022, while travel payments also increased by 40.4% (November 2023: €194.8 million, November 2022: €138.8 million). The rise in travel receipts was due to a 27.5% increase in inbound traveller flows, as average expenditure per trip declined by 6.4%. Net receipts from travel services accounted for 50.0% of total net receipts from services and offset 7.2% of the goods deficit.

In January-November 2023, the balance of travel services showed a surplus of €17,899.5 million, up from a surplus of €15,684.7 million in the respective period of 2022. Travel receipts rose by €2,682.3 million, or 15.4%, to €20,115.4 million, while travel payments increased by €467.6 million, or 26.7%, to €2,215.9 million. The rise in travel receipts stemmed from a 17.3% increase in inbound traveller flows, as average expenditure per trip fell by 2.7%. Net travel receipts contributed 84.0% to total net receipts from services and offset 60.4% of the goods deficit.

Travel receipts

In November 2023, as previously mentioned, travel receipts rose by 18.9% year-on-year. In more detail, receipts from within the EU27 increased by 26.4% to €178.2 million, while receipts from outside the EU27 rose by 13.6% (November 2023: €195.4 million, November 2022: €172.0 million). The rise in receipts from within the EU27 is attributed to increases in receipts from euro-area residents by 32.5% (November 2023: €140.8 million, November 2022: €106.2 million) and in receipts from residents of non-euro area EU27 countries by 7.8% to €37.5 million. More specifically, among major euro area countries of origin, receipts from Germany rose by 74.8% to €44.8 million, whereas receipts from France dropped by 14.1% to €10.1 million. Turning to non-EU27 countries, receipts from the United Kingdom fell by 34.4% to €19.3 million. Receipts from the United States rose by 62.4% to €65.1 million, whereas receipts from Russia decreased substantially by 94.8%.

In January-November 2023, travel receipts totalled €20,115.4 million, up by 15.4% relative to the corresponding period of 2022. This development was due to increases in receipts from residents of the EU27 by 11.0% to €10,997.2 million and in receipts from residents outside the EU27 by 18.4% to €8,419.4 million. In greater detail, receipts from euro-area residents rose by 11.9% to €8,927.5 million, as did receipts from residents of non-euro area EU27 countries, by 7.1% to €2,069.7 million. In particular, receipts from Germany grew by 8.7% to €3,510.9 million and receipts from France increased by 11.6% to €1,413.0 million. Turning to non-EU27 countries, receipts from the United Kingdom rose by 6.0% to €3,286.7 million. Receipts from the United States also increased by 15.1% to €1,344.2 million, while receipts from Russia dropped by 22.8% to €31.4 million.

Inbound traveller flows

The number of inbound travellers in November 2023 rose by 27.5% year-on-year to 1,036.1 thousand. Specifically, traveller flows through airports increased by 33.3% compared with the respective month a year earlier, while traveller flows through road border-crossing points rose by 20.0%. This overall increase was due to higher traveller flows from both within the EU27 (up by 30.6%) and outside the EU27 (up by 24.2%). In greater detail, the number of travellers from within the euro area grew by 53.4% to 380.4 thousand. Travellers from non-euro area EU27 countries decreased by 1.2% to 176.4 thousand. Specifically, the number of travellers from Germany increased by 105.5% to 137.6 thousand, while the number of travellers from France dropped by 3.6% to 27.8 thousand. Turning to non-EU27 countries, the number of travellers from the United Kingdom increased by 14.7% to 52.2 thousand. The number of travellers from the United States rose by 49.6% to 101.0 thousand, whereas the number of travellers from Russia fell by 70.8%.

In January-November 2023, the number of inbound travellers rose by 17.3% to 31,969.7 thousand (January-November 2022: 27,255.4 thousand). Specifically, traveller flows through airports increased by 12.5%, while traveller flows through road border-crossing points grew by 34.5%. In the period under review, the number of travellers from within the EU27 rose by 15.0% year-on-year to 19,285.5 thousand, while travellers from outside the EU27 increased by 20.9% to 12,684.2 thousand. The number of travellers from within the euro area rose by 11.0% as also did that from non-euro area EU27 countries, by 23.7%. Specifically, the number of travellers from Germany rose by 8.7% to 4,680.6 thousand and the number of travellers from France increased by 4.0% to 1,809.8 thousand. Turning to non-EU27 countries, travellers from the United Kingdom rose by 2.9% to 4,543.7 thousand as well as those from the United States, by 31.3% to 1,369.9 thousand. Finally, the number of travellers from Russia dropped by 5.9% to 33.2 thousand.

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

Photo Source: pixabay.com

Tornos
  1. 04/03 22:02

    Greek Health Minister: Afternoon surgeries at state hospitals to begin shortly

  2. 04/03 21:47

    Holy Cross Greek Orthodox Whitestone Community marks 49th Anniversary

  3. 04/03 20:27

    Labor chief: Greece to train 500,000 workers in digital, green skills by 2025

  4. 04/03 19:44

    Foreign Ministry to organize event on 'Women, Peace, and Security' on Friday

  5. 04/03 15:12

    Athens Riviera | The summer experience with Athens as a background

  6. 29/02 22:54

    Consumers to see price cuts up to 18.1% in 3,000 Greek supermarket products as of Friday

  7. 29/02 21:44

    Greece and Germany set up Working Group on shipping cooperation

  8. 29/02 21:30

    Wyndham Rewards’ Member Month offers 5 weeks of deals, discounts, and bonus points

  9. 29/02 21:03

    Temple of Poseidon at Sounion near Athens to get new lighting system

  10. 29/02 21:02

    Greek Tourism Minister meets with Ambassador of Qatar

  11. 29/02 20:47

    Greece is represented by 60 firms at GULFOOD 2024 exhibition

  12. 29/02 19:58

    Greek government gives 1+1 month extension for cash register-integrated POS terminals

  13. 29/02 19:49

    Archangel Michael Church Dance Program shines at Folk Dance Festival in SF

  14. 29/02 15:39

    'Renovate-rent' programme to be launched, Minister tells Greek Parliament

  15. 29/02 12:39

    Rio-Antirrio ferry line in central Greece closed due to strong winds

  16. 28/02 21:34

    Weather with heavy rain and storms in Greece as of Sunday night

  17. 28/02 17:31

    CEO: The goal is for PPC to become a leading player in Southeast Europe

  18. 28/02 17:04

    New Wyndham Hotels Market Managing Director of Central and Eastern Europe

  19. 28/02 12:21

    Minister: Transactions with the Greek State will be further simplified in 2024

  20. 28/02 11:57

    24-hour strikes halt trains and ferries in Greece

  21. 27/02 17:25

    UN Tourism hails Saudi Arabia's historic milestone of 100 million tourists

  22. 27/02 15:00

    Greek Prime Minister: Relations with Armenia can become even more productive

  23. 27/02 14:26

    Wyndham: New growth cycle in Greece for the largest hotel chain franchise in the world

  24. 27/02 13:15

    Price cuts of up to 15% in important product categories in Greece after March 1

  25. 27/02 12:46

    Athens taxi drivers' protest rally in progress from Athinon avenue to Messogion

  26. 26/02 18:30

    Annual Summit of Women Political Leaders (WPL) to be held in Athens in April

  27. 26/02 18:27

    Culture Ministry: Schwartz Mansion in Ampelakia near Larisa to get new lighting

  28. 26/02 17:25

    Greek president organizes reception for diplomats at Presidential Mansion

  29. 26/02 16:33

    Trapped rack-railway passengers returned safely to Diakopto in Peloponnese

  30. 26/02 16:21

    Public transport, ferry and taxi strikes in Athens on Wednesday

  31. 25/02 12:30

    Greek island of Ikaria among the Blue Zones for Health Eating and Longevity

  32. 24/02 20:39

    Greek PM meets Qatar Emir: Focus on bilateral cooperation and investments

  33. 24/02 18:25

    Prescription cannabis for medicinal use legally available in Greece for the first time

  34. 24/02 17:19

    MInister: The aim is to make fishing and fish-farming a key pillar of the economy

  35. 23/02 23:36

    Greek Prime Minister arrives in Doha to be received by Sultan bin Saad Al Muraikhi

  36. 23/02 23:26

    The Festival of Greek Dances takes place in the Metropolis of San Francisco

  37. 23/02 21:32

    Revealing "70 Years of Friendship: Greece's photo journey through the Korean War"

  38. 23/02 17:15

    16 Greek firms showcase at international fashion exhibitions in London

  39. 23/02 14:09

    Flights to and from Heraklion airport in Crete resume on Saturday

  40. 22/02 18:15

    Bill for non-state, non-profit universities being tabled in Greek Parliament on Thursday

  41. 22/02 18:13

    Temporary residence for displaced Ukrainians extended in Greece to March 2025

  42. 22/02 18:10

    American Hellenic Institute Golden Jubilee celebration Includes concert on April 12

  43. 22/02 18:09

    Tourism Minister stresses importance of strong relationship of Greece with Serbia

  44. 22/02 17:58

    Education protest rally ends and traffic resumes in Athens city center

  45. 21/02 19:47

    Twistic and WeavAIR startups clinch the UN Tourism Hospitality Challenge

  46. 21/02 18:34

    Greece's key aim is enhancing relations with India

  47. 21/02 18:13

    Traffic in Athens returning to normal after tractors depart from the Greek capital

  48. 21/02 13:01

    Greek Tourism Minister in Belgrade for International Exhibition

  49. 21/02 00:55

    Resilience through diversity and investments the aim of UN Tourism visit to Jamaica

  50. 20/02 23:38

    Rally concludes with farmer tractors leaving Athens on Wednesday morning

  51. 20/02 20:43

    Greek Prime Minister on official visit to India as of Wednesday

  52. 20/02 16:51

    Minister: Greece wants to become India's gateway to the European Union

  53. 19/02 21:19

    DEFEA Conference to be held at Stavros Niarchos Foundation in Athens on May 15

  54. 19/02 19:06

    Traffic restrictions for farmers' rally in central Athens on Tuesday

  55. 19/02 18:11

    Greece wins top tourist destination award at Grand Travel Awards in Sweden

  56. 19/02 14:23

    Health Minister: Option of afternoon surgeries at public hospitals start in Greece

  57. 19/02 13:29

    Deputy Foreign Minister to visit India with delegation of 70 Greek firms

  58. 19/02 13:24

    20th EAST MED MULTIHULL & YACHT CHARTER SHOW - EMMYS

  59. 16/02 16:03

    Greek Migration and Asylum Minister meets Ukrainian Minister of the Cabinet

  60. 16/02 15:54

    Orthodox Metropolitan of Patras praises Greek-American community

  61. 16/02 15:47

    EU forecasts Greece 2024 growth at 2.3%, Eurozone’s fourth-highest rate

  62. 16/02 15:43

    ACCI actively supports the economic collaboration between Greece and Ukraine

  63. 16/02 13:50

    28 foreign embassies welcome law for marriage of same-sex couples in Greece

  64. 15/02 22:58

    High-level political and economic officials meet in Athens on Greece-Ukraine cooperation

  65. 15/02 22:50

    AP: Greek farmers decide to take their protests to Athens

  66. 15/02 22:47

    Yale University students visit The Εllinikon Experience Center in Greece

  67. 15/02 21:39

    Parnithos Avenue closed down to traffic from the cable car area due to snow

  68. 15/02 18:42

    Ancient Greek Fyli Fortress stays on Mount Parnitha to be supported and restored

  69. 15/02 18:16

    United Nations Tourism marks heritage and culture on official visit to Iran

  70. 14/02 22:06

    Greece doubles capacity of renewable energy sources during four years

  71. 14/02 21:56

    AEGEAN concludes transfer of stake in Animawings to Memento Group

  72. 14/02 19:36

    Ambassador: Italgas' new identities for Greek firms prove commitment to Greece

  73. 14/02 13:27

    Greek tax service AADE launches updated website new section on expatriates

  74. 13/02 22:53

    European Commission: Greece assumes command of Red Sea maritime operation

  75. 13/02 22:47

    Greek minister talks migration cooperation with State Department officials

  76. 13/02 22:41

    Hellenic-American Cultural Foundation presents lecture with US University President

  77. 13/02 19:27

    Greek kiosk wins 'Best Decoration Award' at Mumbai tourism fair

  78. 13/02 15:37

    Greek supermarkets record rise in value and decline in volume of FMCG sales

  79. 13/02 03:10

    Saint Thomas Hellenic School organizes Parent Teacher Organization Fundraiser

  80. 13/02 00:39

    Prime Minister: Greece is Serbia's most stable ally in its European prospect

  81. 13/02 00:34

    Pan-Rhodian Society holds NY ‘Artoklasia’ and Vasilopita at Island Park Panaghia

  82. 12/02 21:20

    Greek Tourism Minister concludes meetings with luxury travel officials in New York

  83. 12/02 00:43

    Deputy Foreign Minister for Economic Diplomacy on business missions agenda

  84. 12/02 00:27

    Greek Deputy Tourism Minister: Sharp rise in travel revenues

  85. 10/02 14:07

    Media: Carnegie Hall Concert raises $100,000 for Greek education in America

  86. 10/02 14:02

    Winners of 2022-2023 UN Tourism Students’ League Grand Final Announced

  87. 10/02 13:55

    State Department: Greece's accession to “Artemis” space cooperation deals inked

  88. 10/02 13:52

    Report: School of St. Nectarios of Roslindale, a Beacon of Greek language and heritage

  89. 10/02 13:39

    Greek Prime Minister: "We aim to create 200,000 new job positions"

  90. 09/02 00:33

    UNWTO offers new tool to promote cooperation among Best Tourism Villages

  91. 08/02 22:16

    Lloyd's and top Greek shipowners launch Maritime Emissions Reduction Center in Athens

  92. 08/02 20:21

    Patras Society of New York organizes its annual cutting of the Vasilopita

  93. 08/02 15:26

    Foreign Minister visiting Washington DC for Greece-US strategic dialogue

  94. 08/02 13:36

    Minister of National Economy: The environment in Greece is friendly for investments

  95. 07/02 21:20

    Hellenic Congress of America organized its cutting of the Vasilopita in Astoria

  96. 07/02 20:17

    Athens taxis to go on strike on February 27-28

  97. 07/02 16:29

    Education minister reveals draft bill for non-state, non-profit universities in Greece

  98. 07/02 14:09

    Athens International Airport makes spectacular debut on Athens Stock Exchange

  99. 07/02 00:38

    National Hellenic Museum announces extension of Hellenic Heads exhibition

  100. 06/02 22:47

    French defense company signs deals in Athens with Greek electronics and drones firms