The increase is great tourist receipts the first half of the year as they reached 6.9 billion euros or 12.2% higher than the corresponding period of 2023, which shows the positive course for Greek tourism. However, this is due to the increase in the number of tourists, as the average expenditure is reduced compared to last year.
As the data of the Bank of Greece show, in the first half of this year on average a tourist spent 570 euros. A year ago the expenditure was 588 euros, while in 2022 it reached 607 euros. Especially for June, the first month of summer, the average expenditure this year was 638 euros, last year they were at 647 euros and in 2022 at 671 euros.
As for the most important countries of origin of travelers from the euro area, receipts from Germany fell by 1.4% to €522.9 million, while receipts from France increased by 1.0% to €163 .9 million euros. Receipts from Italy also rose by 12.9%, reaching 144.9 million euros.
From the other countries, receipts from the United Kingdom showed an increase of 42.5%, which amounted to 608.9 million euros, while receipts from the USA decreased by 32.8% and amounted to 143.1 million. euro. Finally, receipts from Russia fell by 60.2% to 2.5 million euros.
Travel balance
According to the provisional data, the travel balance in June 2024 showed a surplus of 2,861.7 million euros, compared to a surplus of 2,680.7 million euros in the corresponding month of 2023. In particular, an increase of 7.7% was recorded in June 2024 by travel receipts, which amounted to 3,115.0 million euros, compared to 2,891.3 million euros in the corresponding month of 2023, while a 20.2% increase was also observed in travel payments (June 2024: 253.3 million euros, June 2023: €210.6 million).
The increase in travel receipts was driven by an 8.8% rise in inbound travel traffic as average spend per trip fell 1.4%. Net receipts from the provision of travel services more than offset the goods balance deficit by 115.6% and contributed 89.7% to total net receipts from services.
In the period January-June 2024, the travel balance showed a surplus of 5,553.1 million euros, compared to a surplus of 5,053.5 million euros in the corresponding period of 2023.
Travel receipts showed an increase of 754.8 million euros (12.2%), which amounted to 6,921.3 million euros, while an increase of 255.3 million euros (22.9%) was also observed in travel payments , which amounted to 1,368.2 million euros.
The rise in travel receipts was driven by a 15.5% increase in inbound travel traffic as average spend per trip fell 3.1%.
Net receipts from the provision of travel services offset the goods balance deficit by 31.8% and contributed 76.8% to total net receipts from services.
Travel receipts
In June 2024, as mentioned above, travel receipts increased by 7.7% compared to the corresponding month of 2023. More specifically, a 4.6% increase was recorded by receipts from residents of the EU-27 countries, which were formed in 1,713.0 million euros against 1,636.9 million euros in the corresponding month of 2023, as well as receipts from residents of other countries, which increased by 11.0% (June 2024: 1,275.4 million euros, June 2023: 1,148.9 million euros).
The rise in receipts from residents of the EU-27 countries was a result of the increase in receipts from residents of the EU-27 countries outside the euro area by 34.5% (June 2024: €427.6 million, June 2023: 317.9 million euros), as receipts from residents of the euro zone countries decreased by 2.6% and amounted to 1,285.3 million euros, compared to 1,319.0 million euros in the corresponding month of 2023.
In particular, with regard to the most important countries of origin of travelers from the euro area, receipts from Germany decreased by 1.4% and amounted to 522.9 million euros, while receipts from France increased by 1.0% and amounted to to 163.9 million euros. Receipts from Italy also rose by 12.9%, reaching 144.9 million euros.
From the other countries, receipts from the United Kingdom showed an increase of 42.5%, which amounted to 608.9 million euros, while receipts from the USA decreased by 32.8% and amounted to 143.1 million. euro. Finally, receipts from Russia fell by 60.2% to 2.5 million euros.
Receipts from residents of the euro zone countries amounted to 3,104.4 million euros, increased by 11.8%
In the period January-June 2024, travel receipts recorded an increase of 12.2%, compared to the corresponding period of 2023, and amounted to 6,921.3 million euros.
This development is due to the increase in receipts from residents of the EU-27 countries by 14.8%, which amounted to 3,815.8 million euros, as well as the increase in receipts from residents of other countries by 8.4% in 2,818.6 million euros.
In more detail, receipts from residents of the euro zone countries amounted to 3,104.4 million euros, increased by 11.8%, while receipts from residents of the EU-27 countries outside the euro zone also increased by 30, 1% and amounted to 711.4 million euros.
In particular, receipts from Germany increased by 7.4% to 1,223.3 million euros, as did those from France, by 2.5% to 445.7 million euros. Receipts from Italy also increased by 48.8%, reaching 329.0 million euros.
From other countries, receipts from the United Kingdom rose by 19.9% to €1,008.6 million, while receipts from the US increased by 1.0% to €540.1 million. Finally, receipts from Russia decreased by 70.1% and amounted to 5.2 million euros.
Inbound travel traffic
Inbound travel traffic in June 2024 amounted to 4,681.8 thousand travelers, increased by 8.8% compared to the corresponding month in 2023. In particular, travel traffic through airports increased by 9.3% compared to June of 2023, as well as this through road border stations, by 8.0%.
The rise in inbound travel came from the rise in travel from both EU-27 countries by 7.3% and from other countries by 11.3%. In more detail, the travel traffic from the countries of the euro zone amounted to 1,818.3 thousand travelers, increased by 2.1%.
Travel traffic from the EU-27 countries outside the euro zone also showed an increase of 18.2%, which amounted to 1,010.3 thousand travelers.]
Travel traffic from Italy also increased by 10.3%, which amounted to 235.4 thousand travelers
In particular, travel traffic from Germany increased by 2.5% and reached 701.8 thousand travelers, while that from France decreased by 13.5% to 206.7 thousand travelers. Travel traffic from Italy also increased by 10.3%, which amounted to 235.4 thousand travelers.
In relation to the other countries, travel traffic from the United Kingdom increased by 7.8% to 705.8 thousand travelers, while that from the USA decreased by 11.2% to 185.9 thousand travelers. Finally, travel traffic from Russia decreased by 48.5% and amounted to 2.9 thousand travelers.
In the period January-June 2024, inbound travel traffic recorded an increase of 15.5% and amounted to 11,625,6 thousand travelers, compared to 10,061,8 thousand travelers in the corresponding period of 2023. In particular, travel traffic through airports increased by 16.1%, as well as that through road border stations, by 15.2%.
Eurozone countries
During the reviewed period, travel traffic from the EU-27 countries amounted to 6,846.8 thousand travelers, showing an increase of 17.3% compared to the corresponding period of 2023, while travel traffic from other countries increased by 13.1% and amounted to 4,778.8 thousand travelers.
Travel traffic from euro area countries increased by 18.0%, as well as travel traffic from EU-27 countries outside the euro area by 15.7%.
In particular, travel traffic from Germany increased by 13.6% and amounted to 1,766.2 thousand travelers, while that from France increased by 5.6% and amounted to 676.1 thousand travelers. Travel traffic from Italy was also up by 39.1%, reaching 588.6 thousand travelers.
In relation to other countries, travel traffic from the United Kingdom increased by 6.0% to 1,371.6 thousand travelers, while that from the USA increased by 9.5% to 578.4 thousand travelers. Finally, travel traffic from Russia decreased by 58.6% and amounted to 5.5 thousand travelers.
Source: ot.gr
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