27.7% rise in average tourist expenditure per trip to Greece during Q1 2019
Based on provisional data by the Bank of Greece, the balance of travel services in March 2019 showed a surplus of €95 million, almost the same as in March 2018. More specifically, travel receipts in March 2019 rose by 32.2% to €319 million, from €241 million in March 2018, while travel payments also increased by 53.4% (March 2019: €224 million, March 2018: €146 million). The rise in travel receipts is attributed to a 21.9% increase in average expenditure per trip, as well as to a rise of 9.1% in inbound traveller flows. Net receipts from travel services offset 4.5% of the goods deficit and accounted for 16.1% of total net receipts from services.
In January-March 2019, the balance of travel services showed a surplus of €212 million, up from a surplus of €127 million in the same period of 2018. This development is attributed to an increase, by 37.2% or €206 million, in travel receipts, which were only partly offset by travel payments, up by 28.4% or €121 million. The rise in travel receipts is attributed to a 27.7% increase in average expenditure per trip, as well as to a rise of 7.8% in inbound traveller flows. Net receipts from travel services offset 3.5% of the goods deficit and accounted for 13.7% of total net receipts from services.
Travel receipts
In March 2019, as mentioned previously, travel receipts rose by 32.2% year-on-year. In more detail, receipts from residents of the EU28 increased by 9.0% to €157 million, whereas receipts from outside the EU28 rose by 70.3% (March 2019: €157 million, March 2018: €92 million). The rise in receipts from within the EU28 was due to a 34.4% increase in receipts from residents of non-euro area EU28 countries (March 2019: €57 million, March 2018: €43 million), as receipts from euro area residents fell by 1.7% to €99 million. Among major countries of origin, receipts from Germany decreased by 1.4% to €37 million, whereas receipts from France increased by 40.7% to €12 million. Receipts from the United Kingdom also increased, by 60.8% to €32 million. Turning to non-EU28 countries, receipts from the United States rose by 181.9% to €48 million, while receipts from Russia increased by 69.8% to €6 million.
In January-March 2019, travel receipts totalled €760 million, up 37.2% relative to the same period of 2018. This development was driven by a 21.9% increase in receipts from residents of the EU28, which came to €397 million, and by a 61.0% rise in receipts from residents outside the EU28 to €356 million. In particular, receipts from euro area residents increased by 10.6% year-on-year to €240 million, while receipts from residents of non-euro area EU28 countries rose by 44.4% to €158 million. Specifically, receipts from Germany increased by 9.5% to €85 million and receipts from France increased by 55.3% to €27 million. Receipts from the United Kingdom also increased, by 79.5% to €75 million. Turning to non-EU28 countries, receipts from the United States increased by 118.9% to €76 million, while receipts from Russia increased by 63.5% to €15 million.
Inbound traveller flows
The number of inbound visitors in March 2019 rose by 9.1% year-on-year to 773 thousand. Specifically, visitor flows through airports increased by 18.3%, whereas visitor flows through road border-crossing points declined by 2.0%. This increase in flows was due to higher visitor flows from outside the EU28 (up 28.3%), as visitor flows from within the EU28 decreased by 3.7%. In greater detail, the number of visitors from within the euro area fell by 8.6% to 207 thousand, whereas visitors from the non-euro area EU28 countries increased by 1.8% (March 2019: 202 thousand, March 2018: 199 thousand). Specifically, the number of visitors from Germany decreased by 20.8% to 70 thousand, while visitors from France increased by 47.7% to 30 thousand. Visitors from the United Kingdom rose by 22.8% to 51 thousand. Turning to non-EU28 countries, visitors from the United States increased by 66.1% to 60 thousand and visitors from Russia increased by 151.7% to 11 thousand.
In January-March 2019, the number of inbound visitors rose by 7.8% year-on-year to 1,936 thousand (January-March 2018: 1,796 thousand). Specifically, visitor flows through airports increased by 19.5%, whereas visitor flows through road border-crossing points declined by 5.3%. In the period under review, the number of visitors from within the EU28 edged up by 0.2% year-on-year to 1,073 thousand, while the number of visitors from outside the EU28 rose by 19.1% to 863 thousand. Visitors from within the euro area decreased by 1.7%, while visitors from the non-euro area EU28 countries increased by 2.0%. Specifically, the number of visitors from Germany fell by 9.6% to 177 thousand, whereas visitors from France increased by 42.8% to 55 thousand. Visitors from the United Kingdom also rose, by 41.8% to 143 thousand. Finally, turning to non-EU28 countries, the number of visitors from the United States rose by 47.4% to 104 thousand, while the number of visitors from Russia also increased, by 89.9% to 30 thousand.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
- 1) Greek PM sees overtourism problem only in Mykonos and Santorini
- 2) Booking.com unveils family travel trends for 2024: AI, nannies and jet setters
- 3) UK Tourism 2024: Greece named top destination in the world with best value for money
- 4) International Tourism | WTTC: Travel sector set to break all records during 2024
22/10 21:48
IMF expects Greek economy to grow by 2.3% in 2024 and 2% during 2025
22/10 21:46
Minister: Ticket prices for new Thessaloniki metro to be announced shortly
22/10 21:37
Greek Shipping Minister: A new 'maritime' Egnatia will open up new prospects
22/10 21:31
Transport Minister visits FlyOver project site in Greek city of Thessaloniki
22/10 21:25
Increased tourist traffic in Greece during the period January-August 2024
21/10 21:23
Prime Minister: Greece's economy on irreversible path to recovery
21/10 19:19
Greek FinMin: Plan to utilize Hellenic Public Properties at implementation phase
21/10 18:00
21/10 09:16
European Union Commissioner inaugurates creation of 'Trusted Investors Network'
18/10 23:09
Exhibition of ancient cultures from Basilicata opens at Athens Acropolis Museum
17/10 19:13
Enterprise Greece: 121 firms showcase environmentally friendly fashion at global shows
17/10 18:18
Ticket price of 2 euros for cinema festival throughout Greece on October 31
17/10 14:34
Prime Minister: Greece has been very effective in dealing with illegal migration
17/10 13:22
Traditional Greek Costumes show:“From Avgi to the present: the clothes narrate”
17/10 12:21
16/10 22:23
Greek Development Minister meets Indiana Governor and US Ambassador
16/10 22:15
Greek PM sees overtourism problem only in Mykonos and Santorini
16/10 22:10
16/10 21:59
Greek Cartoon Museum at 'Kapnergostasio' historic building set up in Athens
16/10 19:12
Aegean Airlines expands direct flights between Thessaloniki and Kalamata in Greece
15/10 21:19
Greek PM: Our goal is to increase revenues and not just tourist numbers
15/10 19:46
Greek Energy Minister holds talks in Egypt on electricity connection
15/10 19:26
15/10 18:34
New Attica Transportation Strategic Plan will reshape the Region
15/10 16:44
UK Ambassador to Athens: Greece's role is of strategic significance
15/10 15:49
Greece's finance ministry reveals four main changes introduced by new tax bill
14/10 23:04
Minister: Luxury tourism can upgrade quality of Greek tourist product
14/10 13:01
Greek Infrastructure and Transport Minister: 35 new buses in Attica
14/10 12:54
WTTC | Business travel to surpass pre-pandemic levels at US$1.5 trillion in 2024
14/10 11:48
11/10 22:39
Acropolis Museum to mark European Days of Conservation-Restoration of Cultural Heritage
09/10 23:26
Minister: More than 2,000 Greeks abroad registered on Rebrain Greece Platform
09/10 23:23
Italgas to invest 1 bln euros in Greece by 2030 based on new strategic plan
09/10 23:22
FinMin: The upgrade of the Athens Stock Exchange is excellent news for Greece
09/10 20:14
Fraport Greece announces schedule of shutdowns to upgrade regional airport runways
09/10 17:30
Greek government spokesperson highlights positive economic outlook for 2025
09/10 01:43
October electricity bill subsidies to support vulnerable consumers in Greece
09/10 01:41
Enterprise Greece: Four Greek wineries at ProWine Latin America 2024
09/10 01:31
Three-week deadline for Greek taxi drivers to install payment card signage
08/10 18:22
AEGEAN air passenger traffic surpasses 12.5 million in first nine months of 2024
08/10 16:31
Report: Networking and career opportunities for foreign students in Cyprus and Greece
07/10 21:54
Media: U.S. Ambassador to Athens is a Champion of Study Abroad Endeavors
07/10 21:44
Universities of Tennessee and Athens to promote academic collaboration
07/10 20:36
07/10 15:49
Government: Bad loans in Greece fell to 7.5% in March 2024 from 40% in 2019
06/10 00:40
03/10 22:15
Commercial activity at Keramoti port in Greece suspended to alleviate congestion
03/10 22:08
Finance Minister: Record privatizations benefiting Greek citizens in long run
03/10 22:05
Stavros Niarchos Foundation recognized at 2024 International Opera Awards
03/10 22:04
Commercial operation of the Alexandroupolis LNG Terminal beginning today
03/10 16:48
Virtuoso and Globetrender report: The top-7 luxury travel trends to watch in 2025
02/10 23:11
Green residential electricity tariffs down 6%-17% in Greece during October
02/10 23:04
United Hellenic Voters of America presents 50th UHVA Awards Gala in Illinois
02/10 21:46
02/10 18:59
Greek FM: Excellent collaboration with Egypt for investments beyond energy
02/10 10:15
ELSTAT report: Unemployment rate falls to 9.5% in Greece during August
01/10 21:32
Collaboration between University of Athens and Google in Αrtificial Intelligence
01/10 21:31
Prime Minister: Greece will finally have a land registry in 2025
01/10 19:14
Work to prepare unique Doxipara-Zoni burials museum for visitors progressing fast
01/10 18:25
Public Power Corporation announces lower kWh green rates in Greece for October
01/10 17:35
Ministers agree to strengthen cooperation between Greek and Turkish coast guards
01/10 12:01
30/09 21:28
Piraeus Port Authority reaches new highs in half-year revenues and profits
30/09 17:12
Minister: Greece has the highest rate of increase of available income
29/09 21:29
Ratification bill for Attiki Odos concession is tabled in Greek Parliament
28/09 21:19
28/09 20:54
Lykeion ton Ellinidon Costume Museum marks European Heritage Days
26/09 22:02
Greece and South Korea sign cultural collaboration memorandum
26/09 21:55
Hellenic Initiative’s 5th Annual Venture Impact Awards opens for applications
26/09 19:51
26/09 18:58
Greece and Georgia ink agreement for mutual driver license recognition
26/09 18:47
Greece ranked 2nd internationally in best practices for Public-Private Partnerships
25/09 21:37
11 Greek environmental groups join 'Alliance for Wildlife' to preserve biodiversity
25/09 21:32
5th KinoFest: German-language film festival held at Castro Clauss in Patras
25/09 19:27
Greek Finance Ministry: Data shows significant fall in non-performing loans
25/09 17:45
Climate Crisis Minister inks procurement for 414 new fire vehicles in Greece
23/09 00:17
WTTC: U.S. remains the world’s most powerful travel and tourism market
23/09 00:05
New rail projects amounting to 1.0 billion planned in northern Greece
22/09 23:57
Minister: Promoting organic farming a priority for the Greek government
22/09 23:52
President of Hellenic Republic visits Panagia Soumela Monastery in Imathia
22/09 23:41
New framework for photovoltaics replaces net metering with net billing in Greece
19/09 21:13
Temple of Poseidon in Sounion of Attica shines bright with brand new lighting system
17/09 12:34
16/09 22:48
Revenues €2 billion above target primary surplus of €7.571 billion in Greece
16/09 22:35
Moody's ratings upgrades Greece's outlook to positive from stable
16/09 22:19
Passenger traffic in Greek ports grew by 11.4 pct during 2024 Q1
16/09 14:25
16/09 13:04
10 Years of Celebration for Golf and Maritime at the Greek Maritime Golf Event
14/09 22:38
11/09 22:35
Digital Work Card to start in Greek tourism and food service sectors
11/09 21:27
AEGEAN Air: Strong passenger traffic growth and 10% increase in revenue
11/09 16:43
Joint initiative in EU by Greece, Romania and Bulgaria on energy prices
11/09 13:39
Minister: Free afternoon surgeries for citizens who cannot afford to pay
10/09 00:49
12 tax cuts and 12 measures for wage rises announced in Greece
09/09 23:36
Foreign Minister: Greece-Cyprus electrical interconnection approved by EU
09/09 23:35
Security forces on high alert for potential flooding from "ATENA" storm in Greece
09/09 23:07
Media: Greece will levy tax on cruise ship arrivals to Mykonos and Santorini
09/09 22:43
09/09 22:02
Swimming ban lifted at Volos beaches following clean water test results
08/09 22:31
IMF expects Greek economy to grow by 2.3% in 2024 and 2% during 2025
Greek Shipping Minister: A new 'maritime' Egnatia will open up new prospects
Increased tourist traffic in Greece during the period January-August 2024
Transport Minister visits FlyOver project site in Greek city of Thessaloniki
Minister: Ticket prices for new Thessaloniki metro to be announced shortly
European Union Commissioner inaugurates creation of 'Trusted Investors Network'
Greek FinMin: Plan to utilize Hellenic Public Properties at implementation phase
Exhibition of ancient cultures from Basilicata opens at Athens Acropolis Museum
Prime Minister: Greece's economy on irreversible path to recovery
Enterprise Greece: 121 firms showcase environmentally friendly fashion at global shows
Golf & Maritime for a Good Cause at the 10th Greek Maritime Golf Event
First Ramada by Wyndham Hotel in Fethiye opens in Ölüdeniz of Turkey
Tri-city winter luncheon unites upstate New York Philoptochos chapters
Greek supermarkets record rise in value and decline in volume of FMCG sales
Six investment schemes selected for Phase B, in bid for Greek port of Lavrion
Support the Greek Heritage Night organized at Yankee Stadium in New York
PM at Axia discussion: Greece offering great investment opportunities in 2023
New publication: 'I am not Maria - I am Callas: Her real life and an eon of myths'
Hellenic-American Cultural Foundation presents lecture with US University President
Greek Tourism Minister: Passenger location form to be abolished in Greece as of March 15
UK Ambassador to Athens: Greece's role is of strategic significance
German ambassador: 'To live and work in Greece has always been my dream'