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Covid-19 Cuts Travelers to Greece Down by 76.5% in 2020

Greece welcomed fewer tourists in 2020 down by 76.5 percent after the coronavirus pandemic brought global travel to a virtual halt, according to tentative data released this week by the Bank of Greece.

More specifically, inbound traffic in 2020 dropped by 76.5 percent to 7,375 thousand against 31,348 thousand in 2019. The number of travelers  through Greek airports fell by 73.2 percent and via road border-crossing points by 83.8 percent. 

The number of EU27 travelers dropped by 73.6 percent year-on-year to 4,889 thousand, while non-EU27 visitors fell by 80.6 percent to 2,485 thousand. In the same period, the number of euro area travelers fell by 68.9 percent, while non-euro area visitors decreased by 80.7 percent.

Looking at Greece’s key source markets, the number of German visitors dropped by 62.1 percent to 1,526 thousand. French travelers also decreased by 69.6 percent to 469 thousand, travelers from the UK by 69.5 percent to 1,069 thousand, from the US by 91.0 percent to 107 thousand, and from Russia by 95.6 percent to 26 thousand.

Meanwhile, according to the same data, tourism revenue in 2020 amounted to 4,28 billion euros compared to 18,17 billion euros in 2019 bringing total losses for the year to 13,89 billion euros or a 76.5 percent decline against the previous year.

In December 2020, the number of inbound travelers fell by 86.0 percent year-on-year to 97 thousand. 

Traffic through the country’s airports dropped by 88.4 percent and via border-crossing points by 86.6 percent.

Central bank analysts attribute the decline to weaker visitor flows from both within the EU27, which decreased by 83.8 percent, and outside the EU down by 87.8 percent.

A closer look reveals the number of euro area travelers fell by 82.7 percent to 34 thousand, with non-euro area nationals down by 85.8 percent.

In terms of markets, the number of visitors from Germany decreased by 76.8 percent to 11 thousand, from France by 80.2 percent to 3 thousand, from the UK by 71.8 percent to 7 thousand, from the US by 92.1 percent to 2 thousand, and from Russia by 92.6 percent to 1 thousand.

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