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Greek Tourism Revenue Takes a Plunge due to Covid-19

Credit: Greek Reporter

The number of tourist arrivals and revenue from tourism in Greece has taken a dramatic plunge due to the Covid-19 pandemic, with June revenue decreasing by 97.5 percent, as Bank of Greece data shows.
Specifically, there were only 256,000 arrivals in June (a 93.8 percent drop) corresponding to 64 million euros in revenue, a 97.5 drop compared to June 2019.
Tourism revenue for the first half of the year was 678 million euros, showing a 87.5 percent decrease compared to the first six months in 2019, when foreign tourism revenue reached 5.41 billion euros.
Travel restrictions was an important factor as well, as visitors from countries that traditionally travel to Greece – such as the United States, Russia and the United Kingdom -were not allowed in Greece in June.
EU countries showed a similar decline in tourism revenue and arrivals, with the decline being over 90 percent in nations with a high inflow of travellers.

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