Greece’s Revenue from Travel Receipts Drops 76.3% in Jan-Nov

With tourism heavily impacted last year by the coronavirus (Covid-19) pandemic, Greece’s revenue from travel receipts dropped by 76.3 percent to 4.24 billion euros – recording a loss of 13.6 billion – during the first eleven months of 2020. During the January-November period in 2019, Greece had counted 17.8 billion euros.

According to provisional data released by the Bank of Greece on Thursday, the fall in travel receipts resulted from a 76.3 percent decline in inbound traveller flows (to 7,278 thousand from 30,656 thousand in 2019), as average expenditure per trip rose by 2.7 percent.

During the January-November period, visitor flows through airports declined by 72.9 percent and visitor flows through road border-crossing points fell by 83.7 percent.

In the period under review, visitors from within the EU27 dropped by 73.5 percent year-on-year to 4,840 thousand, while visitors from outside the EU27 decreased by 80.4 percent to 2,438 thousand.

The number of visitors from within the euro area fell by 68.6 percent, while visitors from non-euro area EU27 countries dropped by 80.6 percent.

Specifically, the number of visitors from Germany fell by 61.9 percent to 1,516 thousand, while visitors from France decreased by 69.5 percent to 466 thousand. Turning to non-EU27 countries, the number of visitors from the United Kingdom fell by 69.4 percent to 1,061 thousand, while visitors from the United States dropped by 90.9 percent to 104 thousand and visitors from Russia decreased by 95.7% to 25 thousand.

November

In November 2020 alone, travel receipts fell by 80.8 percent compared to November 2019. The fall in travel receipts resulted from an 81.1 percent decline in inbound travellers, as average expenditure per trip rose by 12 percent.

Visitor flows through Greek airports in November declined by 76.6 percent and visitor flows through road border-crossing points fell by 89.9 percent.