Turnover in tourism sector sees second successive rise in Q4 with 4.3 pct increase

EconomyMacroeconomy Tags: Tourism
Photo by MacroPolis
Photo by MacroPolis

The Turnover Index in Accommodation and Food Services increased at an accelerating pace of 4.3 percent in the fourth quarter (Q4) of 2016, after an upward revised growth rate of 2.9 percent in Q3, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday.

Bank of Greece (BoG) figures showed travel receipts dropped by 6.4 percent to 13.22 billion euros in 2016 fully reflecting a decline in the average expenditure per trip by 11.3 percent to 514 euros, while foreign arrivals increased by 5.1 percent to 24....

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