Tourism is contributing greatly to Greece’s improved economic indicators in the nine-month period to September, Alpha Bank found in its weekly bulletin.
The number of foreign tourist arrivals to Greece in the first five months of the year rose by 27.1 percent year-on-year, according to data released on Wednesday by the Bank of Greece.
Holidaymakers from the US and the UK boosted revenues in Greece by 14.4 percent in the first quarter of the year, according to data released by the Bank of Greece.
Greece saw 1.7 million tourists in the first quarter of 2015, beating last year's incoming tourist arrivals during the same period by 45.6 percent, according to data from the Bank of Greece.
The economic instability and the increasing number of illegal migrant incidents in Greece may have dented the country's appeal to tourists from the traditional markets of Germany and the United Kingdom.
The number of foreign tourist arrivals to Greece rose 20.8 percent in the first seven months of this year in comparison to the same period last year, according to recent data released by the Bank of Greece.
Travel receipts in June 2014 increased by 16.3 percent compared with the same month last year, reaching some 1.986,8 million euros, according to data from the Bank of Greece on the country's current account balance.
Greece’s travel balance showed a surplus of 252 million euros during the first quarter of 2014, compared with a surplus of 194 million euros in the corresponding period of 2013, according to temporary data by the Bank of Greece.
