Greek tourism is predicted to fetch record revenue

Tuesday, September 13, 2022

This year, tourism in Greece is gearing up to fetch record high revenues, surpassing the levels before the pandemic, opined the local officials, industry professionals and analysts.

Greek Tourism Minister Vassilis Kikilias said that this year has been wonderful for Greek tourism, and they are glad to say that both popular and unconventional destinations, on both islands and the mainland, witnessed a lot of travelers.

This year, Greece is expected to exceed the numbers seen in 2019, which is, till now, a record year in tourism.

In 2019, Greece recorded 32 million arrivals and around 18 billion euros in tourism revenue, as per the Bank of Greece.

This year’s statistics designate a robust rebound. Tourism-related revenue is 224.5% higher in June and 329.3% higher in January-June this year compared to the equivalent periods of 2021. Compared to 2019, earnings increased by 2.3% in June this year.

Greece’s tourism-related revenue is predicted to reach €20 billion this year, due to a renewed interest in travel after the pandemic-related lockdowns, providing a substantial lift to GDP.

Alexandros Vassilikos, the president of the Hellenic Chamber of Hotels (HCH) said that after two problematic years for tourism, they are seeing a tremendously positive recovery this year, and this is supporting the Greek economy a great deal. The Greek tourism sector usually accounts for 25% of GDP, and this is a very big number for a countrywide economy.

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