Greece's tourism business continues to interrupt information, as knowledge from the newest INSETE Statistical Bulletin reveals spectacular development in customer arrivals and journey revenues by way of August 2024.
The report, which covers January to August, highlights will increase in arrivals by each air and street, in addition to a notable improve in journey income, reinforcing Greece's standing as one of many prime vacationer locations globally. world.
As Greece welcomes thousands and thousands of vacationers, the nation's tourism sector is capitalizing on a surge in demand, significantly from European guests, whereas additionally witnessing an increase within the reputation of short-term leases.
Worldwide air arrivals experiencing fixed development
From January to August 2024, Greece recorded a complete of 18.9 million worldwide air arrivals, representing a rise of eight% in comparison with the identical interval in 2023, wherein 17.5 million arrivals have been recorded.
In August alone, worldwide air arrivals reached four.5 million, a rise of seven.four% (a rise of 311,000 arrivals) from August 2023. This improve in air journey highlights the restoration and development progress in Greece's tourism business, positioning it forward of pre-pandemic ranges and showcasing the nation's sturdy attraction amongst international vacationers.
The rise in arrivals was particularly notable in a number of key areas of Greece. Regional airports skilled general development of 6%, with a complete of 13.four million arrivals. Among the many areas, Crete stood out with three.9 million worldwide air arrivals, a rise of 6.three%. The Dodecanese Islands additionally recorded vital development, with arrivals rising by 10.6% to three.three million. The Ionian Islands welcomed 2.9 million worldwide air guests, a rise of 5.2%, whereas the Peloponnese skilled the best development price at 12%, with arrivals totaling 167,000. Nonetheless, the Cyclades Islands skilled a slight decline, recording a 1% lower with 1 million worldwide arrivals.
Street arrivals exceed pre-pandemic ranges
Worldwide arrivals by street additionally contributed considerably to the expansion of tourism in Greece. Within the interval from January to August 2024, Greece recorded eight.eight million worldwide street arrivals, a rise of 14% in comparison with 7.7 million arrivals throughout the identical interval in 2023. This improve has street arrivals exceed 2019 ranges, indicating a robust restoration in crossings. -border tourism.
In August 2024 alone, Greece recorded 2.5 million street arrivals, a rise of 14.5% (or 315,000 arrivals) from August 2023. Most street vacationers got here from neighboring nations, with a big development in arrivals from Bulgaria, Türkiye and North Macedonia.
Arrivals from Bulgaria elevated by 17.eight% to achieve four million, whereas Turkey noticed a powerful improve of 32.9%, totaling 1 million arrivals. Street vacationers from North Macedonia additionally elevated by 9.2%, bringing the whole to 2.6 million, whereas arrivals from Albania remained steady, with a slight improve of zero.1%, to 1.2 million.
Rising journey income displays larger spending
The expansion in customer numbers has additionally translated into larger journey revenues, with tourism revenues exhibiting sturdy will increase by way of July 2024. From January to July, Greece's journey revenues reached €10.95 billion, reflecting a rise of 5.6% in comparison with the identical interval in 2023. The rise in earnings might be attributed to the rise in spending by vacationers from the European Union: earnings of EU residents elevated by 7.6% to the 6,030 million euros. Non-EU nations additionally contributed to the expansion, with income rising by 1.5% to €four.47 billion.
Amongst EU nations, the euro space generated €four.73 billion in income, up four%, whereas non-euro EU nations' income rose 23.2% to the 1,300 million euros. Germanyone of many largest vacationer markets in Greece, contributed 1.76 billion euros, representing a modest development of 1.four%. However, the earnings of France decreased by 13.eight% to 675 million euros, whereas Italy recorded a big improve of 20.7%, contributing 605 million euros.
the uk remained a key market: income from British vacationers elevated by 11.three% to €1.73 billion. In the meantime, the earnings of the usa skilled a slight lower of three% to 760 million euros, and revenues from Russia It plummeted by 65.2%, reaching solely eight.three million euros.
Brief-term leases are on the rise
One other notable development in Greece's tourism panorama is the regular development of short-term leases. Within the first half of 2024, the variety of short-term rental lodging confirmed a continued upward development in comparison with 2023, though the tempo of development slowed barely in July and August. In August 2024, the whole variety of obtainable lodging reached 233,000, a rise of 25,000 from August 2023.
The variety of short-term rental locations additionally elevated significantly. From January to July, the supply of short-term rental beds grew steadily, exceeding a million beds in July, a rise of 82,000 beds in comparison with July 2023. Whereas August noticed a slight slowing development, mattress provide remained sturdy, affirming Greece's skill to fulfill the excessive demand for versatile lodging choices all through the summer season.
Outlook for Greece's tourism sector
As Greece's tourism sector continues to see strong development in 2024, knowledge signifies that the nation is successfully capitalizing on its attraction amongst European and non-European vacationers. The regular improve in air and street arrivals, together with rising journey revenues, underlines Greece's place as one of many world's main vacationer locations. The rise within the availability of short-term leases highlights the nation's adaptability to fulfill vacationers' altering preferences for numerous lodging choices.
Because the sector continues to thrive, Greece's tourism business is poised to construct on this momentum within the coming years. The nation's attraction, rooted in its numerous landscapes, wealthy cultural heritage and vibrant islands, continues to draw thousands and thousands of vacationers looking for distinctive experiences. Because the 12 months progresses, Greece's tourism sector is predicted to keep up its upward trajectory, reinforcing its standing as a resilient and extremely fascinating vacation spot on the worldwide tourism panorama.