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Tourism
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EconomyMacroeconomy
Travel balance falls by 70.9 pct in September as 12.6 bln in receipts vanish in aggregate Greece’s travel balance came to 776.5 million euros in September from 2.67 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 70.9 percent year-on-year (YoY).
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EconomyFeatures
Greece among hardest hit in Covid-related drop for European arrivals The European Travel Commission (ETC) has examined tourism trends in the light of the second coronavirus wave and found that arrivals in Europe in the first eight months of the year were down by 68 percent compared to 2019.
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EconomyMacroeconomy
Travel balance falls by 65.9 pct in August as 10.5 bln in receipts vanish in aggregate Greece’s travel balance came to 1.32 billion euros in August from 3.87 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 65.9 percent year-on-year (YoY).
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EconomyFeatures
Survey finds only 60 pct of hotels operated in the year so far The Hellenic Chamber of Hotels (HCH) has released a new survey of its members which shows the troubled state of Greece’s hotel sector in the midst of the coronavirus pandemic.
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EconomyFeatures
Latest air traffic data emphasises tourism's difficulties as 2019 data reveals bumper year That latest air traffic data has highlighted what a terrible year the Greek tourism sector is going through, just as newly released 2019 figures highlighted an increase in arrivals and receipts last year.
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EconomyFeatures
Tourism boosted GDP by up to 33 pct in 2019, but low arrivals in 2020 could see economy shrink by 10 pct The tourism industry helped Greece generate almost up to a third of its GDP last year, according to a new study, but the low number of arrivals this year could shave off a tenth of national output this year.
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EconomyMacroeconomy
Travel balance falls by 85.1 pct in July Greece’s travel balance came to 516.4 million euros in July from 3.47 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 85.1 percent year-on-year (YoY).
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EconomyMacroeconomy
Accommodation and food services turnover collapses by 84.6 pct in Q2 The turnover index in accommodation and food services collapsed by 84.6 percent year-on-year (YoY) in the second quarter (Q2) of the year, following a downward revised drop of 7.2 percent YoY in Q1, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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Society
Greece grapples with second Covid-19 wave as cases soar Greece marked a sombre new record on Sunday, August 23 with 283 new cases of coronavirus noted in 24 hours.
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EconomyMacroeconomy
Receipt losses near 5 bln in first six months as June tourism figures disappoint Greece’s travel balance came to 27.9 million euros in June from 2.36 billion a year ago, Bank of Greece (BoG) data has shown. This is equal to an decrease of 98.8 percent year-on-year (YoY).