Travel surplus up to Oct down by 78.2 pct as receipts plummet

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

Greece’s travel balance in October came to a surplus of 472.2 million euros from a surplus of 1.2 billion a year ago, a drop of 60.7 percent year-on-year (YoY).

With Greece entering a lockdown due to the second pandemic wave in the first week of November and the rest of Europe also impacted by a sharp rise in Covid-19 cases, October is de facto the end of the season for the travel industry in Greece.

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