Greece’s tourism receipts to reach €20 billion this year

Greece’s tourism industry is expected to achieve record-high incomes this year, surpassing pre-pandemic levels, according to local officials, industry experts and analysts.

“2022 has been a great year for tourism in Greece…I am very pleased to say that both brands and alternative destinations, both on the island and on the mainland, were full of travelers and tourists this year. It was a record year for tourism so far,” Tourism Minister Vasilis Kikirias told Xinhua.

In 2019, Greece recorded 32 million arrivals and around €18 billion in tourism-related income, according to Bank of Greece statistics.

The data so far this year point to a strong comeback. According to the BoG’s latest announcement, in 2022 he tourism-related income in June increased by 224.5%, and from January 2022 to June he increased by 329.3%.

Revenue increased by 2.3% in June 2022 compared to 2019.

A recent Alfa Bank analysis forecast that Greece’s tourism-related revenues are expected to hit €20 billion this year, boosting GDP significantly, thanks to a post-lockdown travel frenzy during the pandemic.

“After two very difficult years for tourism, we have seen a very positive recovery this year, which helps us a lot and helps the Greek economy a lot. 25%, which is a very big figure for the national economy,” Alexander Vasilikos, president of the Greek Hotel Chamber (HCH), told Xinhua on Friday. [Xinhua] Greece’s tourism receipts to reach €20 billion this year

Back to top button