Greece Set to Break Another Record in Arrivals, Revenues

Photo source: Athens Attica

Approximately 3.9 million travelers visited Greece in the first four months of the year marking a 20 percent rise over the year-ago period and generating 1.786 million euros up from 1.463 million euros in 2023, found data released this week by the Bank of Greece.

More specifically, travel receipts rose by 22 percent in the January-April 2024 period as a result of a 20 percent rise in the number of inbound travelers to 3.896 million compared to 3.246 million a year ago.

In January-April 2024, travel receipts came to 1.786 million euros driven by strong spending from EU residents up by 38.5 percent to 942.3 million euros and from non-EU nationals up by 7.5 percent to 779.7 million euros.

In terms of markets, top spenders in the four-month period were travelers from Germany at 235.6 million euros up by 31.1 percent; France (+6.9 percent to 127.8 million euros), Italy (+118.9 percent to 121.4 million euros); and the US (+35.7 percent to 204.6 million euros).

Receipts declined by travelers from the UK (-16.7 percent) and Russia (-62.7 percent).

In April, travel receipts rose by 15.9 percent generated by a 13.9 percent rise in inbound traffic. Boosting state coffers were receipts generated by travelers form the EU which increased by 30.0 percent to 472.2 million euros from 363.3 million euros in April 2023 and by 0.6 percent from non-EU countries.

Key source markets in April in terms of tourist spend were Germany with receipts up by 23.5 percent to 139.2 million euros, France (+15.1 percent to 77.6 million euros), Italy (+154.0 percent to 63.8 million euros), the US (+39.1 percent to 103.8 million euros).