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Apr 18, 2019 Greece
Synopsis: According to regional leaders, business heads, and analysts, this year tourism in Greece will generate an overall revenue of €20 billion. In 2019, Greece recorded 32 million arrivals, which brought 18 billion euros in tourism revenue.
According to officials, Greece’s tourism industry is a key pillar of the economy, and “2022 has been an amazing year for the Greek tourism industry.” In 2022, Greek tourism generated a record-breaking revenue, which will surpass the pre-Covid levels.
As a sector, Greece’s tourism industry typically contributes 25% of GDP, which is a significant percentage for a country’s economy.
According to data from the Bank of Greece, there were 32 million visitors who arrived in Greece in 2019, and approximately 18 billion euros were earned from tourism revenue in that particular year. 2019 was a record year in the history of Greek tourism.
Tourism Minister, Vassilis Kikilias told Xinhua that “He is very happy to announce that both branded and alternative destinations, on both islands and the mainland, were full of travelers and tourists this year.” This year, the country is set to surpass the numbers of recorded visitors in 2019, which has been a record year in the history of tourism in Greece so far,”
Data from this year thus far shows a significant rebound. According to the most recent BoG report, tourism-related revenues increased by 224.5% in June and by 329.3% from January through June 2022 compared to the corresponding periods in 2021.
Revenues rose 2.3% in June 2022 when compared to 2019.
According to a recent Alpha Bank analysis, Greece’s tourism-related revenues are predicted to reach €20 billion this year as a result of a travel frenzy following the pandemic’s lockdowns, which will significantly increase GDP.
According to Alexandros Vassilikos, president of the Hellenic Chamber of Hotels (HCH), “After two very difficult years for the tourism industry, we had an extremely positive rebound this year. This will help the Greek economy as well as the tourism revenue to recover a lot.”
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