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Greek Hotels and Restaurants See Strong Upturn in Q3 Turnover

Nightlife in Thessaloniki. Photo source: Visit Greece / KKouzouni

Despite the persisting Covid-19 pandemic, hotels and restaurants in Greece saw turnover make a strong recovery in September and in the third quarter (Q3) of the year compared to 2020, according to data released by the Hellenic Statistical Authority (ELSTAT).

More specifically, enterprises active in accommodation reported a 125.9 percent increase in Q3 turnover to 3.6 billion euros over Q3 2020 and 1.599 billion euros.

Leading the way, the popular island of Mykonos marked the greatest increase at 244.2 percent while the smallest was recorded in the Region of Attica up by 63.8 percent.

September 2021 turnover for enterprises active in accommodation activities came to 825,314,545 euros increasing by 72.9 percent against September 2020 and respective turnover of 477,266,293 euros. 

In total, enterprises active in food and beverage (F&B) service activities saw Q3 turnover increase by 36.5 percent over the same period in 2020 to 2,313,310,051 euros against 1,694,943,977 euros.

Concerning businesses in regional units with a contribution to total 2020 turnover greater than 1.0 percent, the largest increase in Q3 was posted on Santorini up by 145.3 percent and the  smallest (4.7 percent) in the regional unit of Evia.

Santorini also marked the biggest increase in September, up by 220.0 percent and Kos the smallest increase up by 86.8 percent.

For F&B enterprises (obliged to double-entry bookkeeping and monthly data available), turnover in September 2021 grew by 42.5 percent to 162,660,345 euros compared to the same month last year, when respective turnover came to 114,154,819 euros.

Here too, Santorini led the way for enterprises of regional units with a contribution to the total turnover greater than 1.0 percent, recording a 201.2 percent rise over the same month in 2020, while the smallest rise was recorded in the regional unit Ioannina (up by 12.3 percent).

Fire-hit Evia, recorded a decrease of 2.7 percent in the same month.

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