More tourists visit Greece, but spend less per trip
According to data released by the Bank of Greece, 21.3% more tourists visited Greece this May compared to May 2023, but the average expenditure per trip decreased by 12.2%.
Despite this, travel receipts increased by 6.8% in May 2024, amounting to 1.9 billion euros, compared to 1.8 billion euros in May 2023.
The travel balance, which compares Greek expenditures on travel abroad with the receipts generated by non-resident travelers in Greece, showed a surplus of 1.64 billion euros in May 2024, compared to a surplus of 1.60 billion euros in the same month of 2023.
In the period from January to May, travel receipts amounted to 3.8 billion euros, an increase of 531.2 million euros (16.2%) compared to last year, while travel payments also increased by 212.6 million euros (23.6%), amounting to 1.1 billion euros.
The increase in travel receipts was due to a 20.6% increase in travel traffic, despite a 3.6% decrease in average spend per trip.
