Drop in arrivals and spending impinge on H1 travel receipts

EconomyMacroeconomy Tags: BoG, Tourism
Photo by MacroPolis
Photo by MacroPolis

The balance of travel services in June posted a surplus of 1.72 billion euros, a decline of 3.6 percent compared to the surplus of 1.78 billion in the same period last year, according to data released by Bank of Greece on Monday.

The visitors’ countries of origin give mixed signals in terms of travel receipts. Receipts from residents in the EU increased by 1.5 percent in June to 1.32 billion, whereas receipts from outside the EU have dropped sharply by circa 22 percent to 469 mi...

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