More than one million holiday-makers are expected to arrive in Greece in the first week of August, the peak month for tourism in the east Mediterranean country, according to provisional data supplied by the Bank of Greece (BoG) for travel remittances for May 2022.
If the forecast pans out for the first week of August and the rest of the holiday season, then a near full recovery from the past two years of pandemic-battered seasons will be confirmed, with arrivals and revenue per tourist nearing the record-breaking levels of 2019.
According to the BoG, travel remittances between Jan-May 2022 increased by a whopping 536.4 percent compared with the same period in 2021. In absolute terms, revenues in May reached 1.41 billion euros, up from 222 million in the corresponding month of 2021. Between Jan-May 2021, revenues reached 2.5 billion euros, on the back of a 552.9-percent increase in arrivals during the same period.
The figures, however, were still short of 2019 levels, as May 2022 recorded travel remittances as down by 9.7 percent from the same month in 2019; and down by 12.2 percent in the Jan-May 2002 period from the same five months in 2019.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
IMF: Greek Growth in 2024 at 2%; Debt to Ease to 158.8% of GDP This Year
Projected consumer prices are forecast to rise by 2.7%
Major Increase in Russian Natgas Imports by Greece in 1Q 2024
Russian state natgas exporter Gazprom dominated imports to the country, mostly through the overland pipeline entering via a northern frontier pipeline
Lamda Development Announces First Profitable Year for The Ellinikon Project
The ATHEX-listed developer reported 206 million euros in EBITDA for FY23, a 69%-percent increase from 2022 results
Europa Nostra Adds Sifnos, Serifos, Folegandros to Most Endangered List
Europa Nostra says three Greek islands are at risk due to surge in tourism development and rampant construction
EU Cracks Down on Social Media Influencers Making Illegal Profits
A recent EU inquiry uncovered 358 online influencers, among them 20 in Greece, found to be violating consumer laws
Greek PM Announces €2 Billion Decarbonization Fund for Greek Islands
Greece bolstered its drive for a greener economy with the launch of a €2 Billion Decarbonization Fund for the Greek islands
Eurobarometer Survey: Greeks Acknowledge EU Influence-Pessimistic about Future Living Standards
Regarding their participation in the forthcoming European parliament elections, 60% of Europeans (+11 points compared to March 2019) and 56% of Greeks express interest in voting in the June European elections
Eurostat: Greek Inflation at 3.4% in March
In the eurozone, the consumer price index (CPI) dropped to 2.4%, while the average EU settled at 2.6%
ND Still Far Ahead of Rival SYRIZA, Although Support Slipping
Asked who they trust most for prime minister among the current political party leaders, respondents, by 40% answered “no one”.
BoG: Greek Households Pessimistic Over Course of Inflation
The sentiments were found in an “Inflation Monitor” posted by the Bank of Greece (BoG) on Monday.
![Αυτοκινητόδρομος Ε65: Αθήνα – Τρίκαλα σε 3 ώρες το Πάσχα [χάρτης]](https://www.ot.gr/wp-content/uploads/2024/04/E65_kentrikiodos.gr_-90x90.jpeg)
