International arrivals at Greece’s main airports grew in December 2017 by 5.3 percent and 8.6 percent since the beginning of the year, according to INSETE.
Travel receipts in Greece dropped 6.6 percent during January-November 2016, compared to the same period a year before, according to the Bank of Greece.
Revenue from Greece’s travel services dropped by 703 million euros in the first nine months of the year with the travel trade balance recording a 7.1 percent decline at 10.472 billion euros against 11.269 billion euros in 2015, according to tentative data released by the Bank of...
Last-minute reservations and decreased spending combined with an onslaught of taxes are cited by the Greek Tourism Confederation (SETE) as the reason behind declining revenues from tourism this year.
The recent discrepancies in foreign travel receipts between the Bank of Greece and the Tourism Ministry are in great part due to tax evasion and reflect the impact of tax policies, according to the Hellenic Federation of Enterprises (SEV).
As forecast by local sector professionals, revenue from tourism shrunk in the first six months of 2016, according to figures released by the Bank of Greece.
Despite promising arrival figures to Greece, tourists are not digging into their pockets, according to Bank of Greece data release on Tuesday, indicating a 3.5 percent drop in travel receipts, down by 100 million euros, for July compared to the same month in 2015.
The number of inbound visitors to Greece in 2015 increased by 7.1 percent to 23.6 million, according to provisional data released by the Bank of Greece (BoG) on Monday. Travel receipts in 2015 rose by six percent to 14.1 billion euros.
Travelers from the UK and Germany boosted the Greek economy by spending about 1.48 billion euros each between January and August this year, according to the Bank of Greece.
