Greek tourism revenue down despite more tourists: data
The Peninsula
Athens: Revenue from Greece s flagship tourism industry has failed to keep up with arrivals, even during the annual summer crunch that prompted overto...
Athens: Revenue from Greece's flagship tourism industry has failed to keep up with arrivals, even during the annual summer crunch that prompted overtourism concerns, Bank of Greece data showed Monday.
Non-resident arrivals in Greece from January to August increased by 9.9 percent from the same period a year earlier, while revenue rose by just 3.2 percent, the bank said.
In August alone, industry revenue fell by 1.8 percent compared to last year even as the number of tourists grew by 6.6 percent, it said.
Government spokesman Pavlos Marinakis downplayed the trend, telling reporters on Monday that "overall figures for the entire season indicate we are heading towards another record year".
Figures could balance out by the end of the year, once September is taken into account, according to the financial news website moneyreview.gr.
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