The estimates about a new historical record of tourism receipts and arrivals in 2023 were confirmed by the Bank of Greece.
REIMAGINE TOURISM IN GREECE
The turnover of Greek hotels in 2023 saw a large increase compared to previous years, going hand in hand with the increase in tourism and inflation.
There are growing indications that Greek tourism, after a record year in 2023, is headed for further growth of around 10% this year.
Grimaldi Group’s Minoan Lines has now applied ticket price hikes of 2.4% for passengers and vehicles for the Piraeus-Crete route.
The alarming course of destruction wrought to the unique landscape and character of the Cycladic islands in the Aegean is highlighted by the proposal of the Hellenic Society for the Environment and Cultural Heritage (ELLET) to the Europa Nostra federation regarding endangered monuments and cultural heritage sites.
Greek and foreign airlines are investing even more this year in the strong prospects of Greek tourism.
The course of GDP and private consumption in the main Greek tourism source markets is expected in 2024 to fluctuate at the same levels as in 2023.
The islands of Mykonos and Santorini, historically the flagships of Greek tourism, are now paying the price for their overexploitation.
The current market estimate for travel receipts in 2023 is 20.5 billion euros following the publication of Bank of Greece data for the first 11 months of last year.
The momentum of airline reservations as well as the airline seats planned by the airlines for Greece this season point to an increase in tourism arrivals of up to 10% this year.
Aegean Airlines offered the biggest number of seats in a year ever in 2023, also setting a new passenger record.
The government will adopt a wait-and-see attitude this year in order to assess the effects of the newly legislated framework on the short-term residential rental market.
The legality of short-term rentals in Greece’s designated residential areas lies in the hands of the Council of State. This matter was brought forth by the Society for the Environment and Cultural Heritage (ELLET), which submitted 16 appeals to the country’s top administrative court.
A record number of foreign visitors, in addition to receipts, will be recorded by Greek tourism for 2023, as expected.
Tourism revenues in the January-October 2023 period have already exceeded the total revenues of the last record-breaking year, 2019.
New land-use regulations to be approved by the Environment Ministry will attempt to limit tourism development in so-called “saturated” areas and spread it to less developed regions.
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