Greek tourism revenues to hit new records this year

by IANS |

Athens, Sep 10 (IANS) Tourism in Greece, a vital pillar of the country's economy, is on track to yield record high revenues this year, exceeding pre-Covid levels, according to officials.

"2022 has been an amazing year for Greek tourism... I'm very happy to say that both branded and alternative destinations, both on islands and the mainland, were full of travellers and tourists this year, and we are set to surpass this year the numbers recorded in 2019, which has so far been a record year in tourism," Tourism Minister Vassilis Kikilias told Xinhua news agency.

In 2019, Greece registered 32 million arrivals and some 18 billion euros in tourism-related revenues, according to Bank of Greece (BoG) data.

The data so far this year indicates a strong comeback.

Tourism-related revenues were 224.5 per cent higher in June and 329.3 per cent higher in January-June 2022 than in the corresponding periods of 2021, according to the latest BoG announcement.

Compared with 2019, tourism-related revenues increased by 2.3 per cent in June 2022.

A recent analysis by local lender Alpha Bank expects Greece's tourism-related revenues to reach 20 billion euros this year, thanks to a travel frenzy after travel restrictions were lifted, giving a significant boost to the Greek GDP.

"After two very difficult years for tourism, we had an extremely positive rebound this year that helps us a lot and helps the Greek economy a lot. As a sector we usually account for 25 per cent of the GDP, this is a very big number for a national economy," Alexandros Vassilikos, president of the Hellenic Chamber of Hotels (HCH), told Xinhua on Friday.

Tourism was a key driver in Greece of the 7.7 per cent GDP growth in the second quarter of this year, compared to the same period in 2021, according to data released by the Hellenic Statistical Authority (ELSTAT).

The impressive performance of Greek tourism -- despite prevailing challenges, such as the simmering Covid-19 pandemic, the Russia-Ukraine war and the energy crisis -- is the result of good planning, hard work and collaboration among all players, according to Kikilias.

However, there are many challenges lying ahead, such as the upscale of tourism infrastructure to accommodate more visitors, which requires the implementation of a strong strategy, the minister said.

"Circumstances are still very peculiar, which leaves a lot of question marks for the future. Nonetheless, we are extremely positive about the future," Vassilikos said.

Latest News
ASI shot dead, another injured after man opens fire on Delhi's busy flyover Tue, Apr 16, 2024, 03:15 PM
Veteran Carnatic musician K.G. Jayan passes away Tue, Apr 16, 2024, 03:14 PM
Why India is seeing a rise in oral cancer cases Tue, Apr 16, 2024, 03:10 PM
MP Rahul Gandhi to arrive in Karnataka on April 17 Tue, Apr 16, 2024, 03:03 PM
UK unemployment rate jumps by more than expected as job market cools Tue, Apr 16, 2024, 03:01 PM
Israel launches 'diplomatic offensive' against Iran Tue, Apr 16, 2024, 02:54 PM
Karnataka tribal woman dies suspiciously in Sudan Tue, Apr 16, 2024, 02:46 PM
BJP will not occupy Kashmir Valley, we will win hearts: Amit Shah Tue, Apr 16, 2024, 02:45 PM
Bihar Cricket Association forms Women's Cricket Development Committee to empower female players Tue, Apr 16, 2024, 02:41 PM
Dimple seeks Mulayam's blessings, files nomination from Mainpuri Tue, Apr 16, 2024, 02:33 PM
Indian study shows whole-genome sequencing key to detect drug-resistant TB early Tue, Apr 16, 2024, 02:32 PM
Lightstorm, IIT Madras to launch employment skilling initiative Tue, Apr 16, 2024, 02:30 PM
Mahindra unveils new nine-seater Bolero Neo+ starting at Rs 11.39 lakh Tue, Apr 16, 2024, 02:27 PM
13 killed in head-on collision in Bangladesh Tue, Apr 16, 2024, 02:23 PM
Battle lines drawn in Rajkot as Cong's Dhanani steps up to contest against BJP’s Rupala Tue, Apr 16, 2024, 02:15 PM