Greek Tourism Revenues Show Record Increase in 2017



Greek tourism revenues exceeded €14.6 billion in 2017, showing an increase of 10.8 percent compared to 2016, according to Bank of Greece figures released on Monday.

This development, according to BoG, reflects the increase in tourist inflow by 7.4 percent,  reaching 30.1 million visitors.

Airport traffic increased by 9.9 percent, while road traffic increased by 8.7 percent. Arrivals from the EU-28 countries amounted to 61.6 percent, while arrivals of non-EU countries amounted to 28.6 percent.

Traffic from EU countries increased by 7.9 percent compared to 2016. This was due to the 10.4 percent increase in arrivals from euro area countries, and a 5.3 percent increase in visitors from non-euro zone countries. Travel from non-EU member states increased by 13.6 percent.

An increase of 18.1 percent in tourists from Germany was recorded, while there were 8.1 percent more arrivals from France. Also, travel from the United Kingdom increased by 3.7 percent.

Furthermore, the number of visitors from Russia declined by 1.1 percent, while visitors from the U.S. increased by 11.1 percent.

Cruise ship arrivals showed a substantial decline to 3,271 arrivals compared to 4,093 in 2016, with 4,600 thousand passenger visits, compared to 5,053 thousand passenger visits in 2016.

In regards to revenues from cruise ships, total receipts from cruise passengers declined by 6.4 percent compared to 2016.