Surveys, Trends & Stats Greek Accommodation and F&B Sectors See Revenue Growth in July-September 2024 by GTP editing team 19 November 2024 written by GTP editing team 19 November 2024 1 comment Share 0FacebookTwitterLinkedinWhatsappEmail 43 Mani, Peloponnese. Photo source: Visit Peloponnese With the exception of some of Greece’s most popular destinations, the accommodation and food & beverage sectors performed well in the third quarter of 2024, showing growth compared to the same period in 2023. According to the Hellenic Statistical Authority (ELSTAT), revenues from accommodation-related activities exceeded 6 billion euros during July-September 2024, reflecting a 6.9 percent increase compared to the same quarter the previous year. In the food & beverage service sector, businesses reported a turnover of 3.71 billion euros in Q3 2024, marking a slight increase of 0.2 percent over Q3 2023. Regional performance Looking at accommodation activities on a regional level, the largest growth was recorded on the island of Rhodes, with a 21.9 percent increase. In contrast, the Region of Attica saw the smallest growth, with a rise of just 3.3 percent. Santorini experienced the largest decline, with a drop of 9.9 percent. Rhodes, Dodecanese. Photo source: Rhodes Welcome In the food & beverage service sector, Rhodes led with a 17.4 percent increase in Q3 2024, compared to the same period in 2023. The smallest increase was observed in Messinia, Peloponnese, at 1.2 percent, while the most significant decrease was seen on the island of Mykonos, which reported an 8.4 percent decline. September performance For businesses in both accommodation and food & beverage services that report monthly data, September 2024 saw a turnover of nearly 1.8 billion euros, a 9 percent increase compared to September 2023. Corfu saw the highest revenue growth in September, with an 18.1 percent increase compared to the same month last year. On the other hand, Thessaloniki recorded the smallest increase at 4.3 percent. Join the 15,000+ travel executives who read our newsletter Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Greece Promotes ‘Green’ Agenda at COP29 Climate Change Conference next post Greek Hotel Competitiveness Threatened by Escalating Taxes, Says Hoteliers Federation You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 1 comment Certa Cito 20 November 2024 - 14:14 Good to see that the national tourism statistics are now being displayed in revenue terms here, and not in the less important numbers of arrivals. Greece definitely needs to improve the quality of its tourist product further, by catering as far as possible to those people seeking 4-star or 5-star accommodation and services of that level, and by establishing fully functional all-year-round availability. Too many areas of the country are still living in the 1970s, when hippies and students slouched their way through very basic holidays on meagre budgets. Today’s customers are far more demanding, boast much higher disposable incomes, and have much more power to choose the best locations and to ignore those which are out of date. Reply Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
