Greece: Over €2,669 Million Increase in Travel Services in September This Year

A total of €2,669.4 million increase in travel services in Greece, has been noted in September this year, according to the recent figures provided by the Bank of Greece.

The same has revealed that for a period between January and September this year, an increase of a total of €14,128.2 million has also been noted, SchengenVisaInfo.com reports.

According to the Bank of Greece, the figures for the same month in 2019, before the spread of the Coronavirus revealed that travel services’ balance increased by €2,672.3 million. In addition, an increase of €14,094.6 million was noted in a period from January until September 2019.

A notable surge was also experienced in travel receipts which increased annually by a total of 35.1 percent in September this year and by a total of 78.3 percent during the first nine months of this year.

Compared to the figures of the same period before the spread of the Coronavirus, travel receipts decreased by 1.1 per cent in September this year, and a total of 3.1 per cent in January-September 2022.

As for inbound traveler flows, it has marked a surge by a total of 52.3 per cent in September year, and 103.9 per cent in the first nine months of this year compared to the figures for the same period in 2021.

However, there is a notable decline in Greece’s inbound traveler flows compared to the figures of the same period in 2019 or a 10.8 per cent decline compared to September 2019 data and a 12.1 per cent decrease in comparison to 2019’s January-September figures.

In addition, the figures provided by the Bank of Greece also show that the balance of travel services in September this year reached a total of €2,669.4 million or an increase of €1,983.0 million compared to September 2021.

“In September 2022, as previously mentioned, travel receipts rose by 35.1 percent year-on-year. In more detail, receipts from residents of EU27 countries increased by 19.4 per cent to €1,553.9 million, while receipts from outside the EU27 increased by 61.3 per cent (September 2022: €1,245.5 million, September 2021: €772.2 million),” the statement revealed.

At the same time, the figures also revealed that the number of inbound travelers in September this year increased by 52.3 percent annually to a total of 4,560.3 thousand.

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