BoG: Revenues from greek tourism on the rise

BoG: Revenues from greek tourism on the rise


By Spiros Sideris – Athens

An increase of 16.7% was observed, on an annual basis, to the surplus of the traveling balance that reached EUR 1,784 billion in June, according to the provisional figures of the Bank of Greece.

As stated in the announcement of the BoG, the increase in travel revenues (which now includes revenues from cruises) reached EUR 278 million or 16.3% and reached EUR 1,987 billion compared to the EUR 1.709 billion in the corresponding month of 2013.

In the period January – June 2014, the travel balance showed a surplus of EUR 2,917 billion compared to the EUR 2,589 billion surplus in the corresponding period of 2013, an increase of 12.6%.

The incoming traffic for the travel period January – June 2014 increased by 15.6% and amounted to 6,246 million travelers compared to the 5.421 million travelers in the corresponding period of 2013.

During the period under review the travel movement from EU countries amounted to 3,701 million, an increase of 17.6% compared to the same period of 2013. Also, arrivals from other countries outside the EU amounted to 2,563 million, an increase of 12.7%.

Arrivals from the countries of the euro area grew by 11.4% and arrivals from EU countries outside the euro area by 26.7%.

In particular, an increase was observed to arrivals from Germany and France by 1.9% and 15.1% respectively, as well as arrivals from the United Kingdom by 33.8%.

Finally, with respect to other countries outside the EU, the arrivals from Russia increased by 13.5% to 382,000 travelers and arrivals from the USA increased by 22% to 203,000 travelers.