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Greek tourism building strength but needs to diversify, PWC study finds
EconomyFeaturesto the Travel and Tourism Competitive Report 2017, which tracks tourism competitiveness, Greece... five star hotels, according to the study. Between 2010 and 2015 over 1.8 billion of capital expenditure was made on hotels, mostly involving 5 star hotels in major destinations. Economy The report noted
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeaturestravel giant, whether they worked with them or not. The study was conducted by the Institute for Tourism... were 1, 2 or 3 star establishments, 32 percent were 4 start and 21 percent were 5 star. The lower star category hotels were the most dependent on revenue from their partnerships with Thomas Cook
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Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
EconomyMacroeconomyGreece's travel receipts rose by a mere 1 percent year on year (YoY) in December from 30.7 percent in November, according to the Bank of Greece (BoG). In absolute terms, travel receipts were up by just 1.5 million YoY to 180 million. At the same time however, travel payments surged 32 percent
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Greece sees travel receipts shoot up by 35.8 pct in April
EconomyMacroeconomyGreece's April travel receipts soared 35.8 percent to 411 million euros from 303 million last year, according to the Bank of Greece (BoG). At the same time, travel payments surged 53 percent to 232 million euros, leading the travel surplus for April to 179 million, which is a rise of 18.5 percent
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Greece sees travel receipts rise again in July to reach 2.74 bln
EconomyMacroeconomyGreece's travel receipts increased for the second straight month in July, rising by 14.4 percent... travel receipts reached 2.74 billion euros in July from 2.4 billion last year. Travel payments increased at a much slower pace, at 5.1 percent. As a result, the travel surplus soared 15.1 percent
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Travel receipts up again in September, reaching 2.3 bln
EconomyMacroeconomyGreece's travel receipts grew for the fourth straight month by 10.9 percent to 2.28 billion euros in September, according to the Bank of Greece (BoG). At the same time, travel payments fell by 3.4 percent to 182 million. As a result, the travel surplus grew to 2.1 billion euros, at a higher-than
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Greek travel receipts continued upward course in October, rising by 4.6 pct
EconomyMacroeconomyGreece's travel receipts advanced for the fifth straight month, albeit at a much slower growth rate... time, travel payments rose by 30.9 percent to 169 million euros. As a result, the travel surplus... rates recorded in the preceding months. The increase in travel receipts is entirely attributed
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Travel surplus soars 57.2 pct in November on surging tourist arrivals
EconomyGreece's travel receipts grew for the sixth successive month by 30.7 percent year on year (YoY... to the Bank of Greece (BoG). In absolute terms, travel receipts reached 267 million from 205 million last year. Travel payments rose at a much slower pace by 17.2 percent to 159 million. As a result
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Greek travel receipts up 10.3 pct in August as 2014 targets revised upwards
EconomyMacroeconomyGreece's travel receipts grew by 10.3 percent in August from 14.4 percent in July, marking the third successive monthly increase, according to the Bank of Greece (BoG). In absolute numbers, travel receipts stood at 3.18 billion euros in August from 2.88 billion last year. At the same time, travel
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Travel receipts up by a modest 3.5 pct in July in aftermath of capital controls
EconomyMacroeconomyGreece's travel receipts grew by 3.5 percent in July from 1.2 percent in June, Bank of Greece (BoG) figures showed on Tuesday. In absolute terms, travel receipts reached 2.87 billion euros in July from 2.77 billion last year, while travel payments dropped by 18.7 percent to 160.3 million
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