Greek Hotels, Restaurants Post Strong Gains in November

Turnover in November at hotels and restaurants in Greece outdid 2021 results by 22.7 percent to 297,897,541 euros compared to November 2021 and 242,786,627 euros, said the Hellenic Statistical Authority (ELSTAT) on Friday.

More specifically, according to ELSTAT’s monthly report, marking the largest overall increase in turnover in November 2022 compared to the same month in 2021 was the regional unit of Thira (Santorini) while the smallest rise by 6.2 percent was recorded on Rhodes. The regional unit of Achaia marked  the largest decline.

Looking at enterprises active in accommodation, turnover in November 2022 came to 148,460,008 euros, up by 24.8 percent over November 2021, when respective turnover came to 118,978,734 euros.

Source: ELSTAT.

Businesses offering accommodation and F&B (food and beverage) services saw November 2022 turnover reach 149,437,532 euros, up by 20.7 percent in comparison with the same month in 2021 and a respective turnover of 123,807,893 euros.

Commenting on the news, Greek Tourism Minister Vassilis Kikilias welcomed the year-on-year increase, adding that November 2021 turnover also managed to exceed pre-Covid 2019 levels by 9.11 percent demonstrating that the ministry’s strategy to extend the tourism season was paying off.

Source: ELSTAT.

In an interview to local media, Kikilias went on to add that as a revenue-generator, tourism supported the Greek family and economy but also strengthened regional development aimed at attracting younger Greeks back to rural areas where they can now set up tourism-related enterprises.