Tourism revenue in Greece witness a steep decline in 2016

Published on : Tuesday, January 24, 2017

Recent figures released by the Bank of Greece has showed that during the first 11 months of 2016, the tourism sector in Greece has witnessed a steep decline in the tourism revenue in comparison to the tourism revenue that the country has earned in 2015 and 2014. The figures have been disclosed by the Bank of Greece on 23rd January, Monday. The report has also suggested that the annual travel spending per trip has taken a double-digit slump in the same year.

 

 

From January 2016 to November 2016, the country has witnessed a decline of around 914.4 million Euros in tourism revenue in comparison to the previous year. According to the tourism experts, the tourism sector in Greece has received an annual drop of 6.6 per cent. According to the data revealed by the bank, Greece has earned 13.03 billion Euros in the first 11 months of 2016, where the country has earned 13.94 billion Euros in 2015 and 13.21 billion Euros in 2014.

 

 

As per the recent figures, travel spending per trip to Greece in 2016 has seen a decline of 11.2 per cent from the previous year. On an average, the country has received 518.40 Euros in 2016 against 584 Euros in 2015.

 

 

In 2016, the travel spending by French travellers has seen a decline of 299.1 million Euros, where spending by the US travellers has seen a decline of 221.9 million Euros. Travel spending by Germans has also witnessed a decline of 92.4 million Euros, where the Britons have spent 62.9 million Euros less than the previous year. But the country has received an increase of 17.9 million Euros from the travel spending by the Russian travellers.

 

 

According to the figures revealed by the Bank of Greece, in November 2016, the spending per trip has seen a decline of 24 per cent from 375.80 Euros in 2015 to mere 285.50 Euros. But Greece has received 4.9 per cent increase in the number of international arrivals with 24.2 million international travellers entering the country, where road arrival has seen a decline of 4.9 percent and air arrival has seen a growth of 8.6 per cent. The data also said that in November alone, 716,800 international travellers entered the country, almost 11.7 percent more than the previous year.

 

 

The data has revealed that from January 2016 to November 2016, the country has received the travel surplus of 11.16 billion Euros in comparison to the 12.08 billion Euros that the country has earned in 2015. In November alone, the country has earned the travel surplus of 52 million Euros, where in November 2015 the country has earned the travel surplus of 101 million Euros.

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