Expectations for another record-breaking tourism season in Greece this year have been slightly dampened over the recent period, with lower pre-bookings – even for the most popular destinations – attributed to soaring airline ticket costs, a recession in Germany and the twin scourge of rising interest rates and inflation in several major markets for arrivals.
According to sector executives on the sidelines of a recent Greek Tourism Confederation (SETE) general assembly in Athens, although the year began dynamically in terms of pre-bookings in the first trimester, the pace has fallen off in the second quarter.
Another concern is the number of available airplane seats allocated for flights to and from Greece this summer, with the number up, overall, by 2.5 percent, compared to last year, according to the airdata-tracker figures collected by the tourism institute INSETE. However, four out of the five major markets for Greek tourism, namely, Germany, France, Italy and the Netherlands, show a reduced number of available seats, by 14.9 percent, 8.1 percent, 2.2 percent and 1.2 percent, respectively.
Only available airline seats from and to the UK show an increase so far, 3.8 percent.
Of the 24.34 million available for travel to Greece, INSETE calculated that 15.2 million are from the five major markets.
Latest News
ELSTAT: Overnight Stays in Greece Up in Feb.
The provisional monthly data revealed that arrivals at tourist accommodations amounted to 773,104 and overnight stays were 1,677,685
Electric Energy: Greece’s New Sustainable Export
Moreover, a surplus of generated electricity cannot be fully absorbed by domestic grids and this excess power finds eager buyers in the form of companies entering into Power Purchase Agreements (PPAs), willing to pay a premium for clean energy
IOBE Revises Greek GDP Growth Downward, to 2.1% For 2024
Annual inflation is expected to reach 3%, up from the previous forecast of 2.8%
Last Sections of 136km E65 Highway Inaugurated on Tues.
Athens to Karditsa drive time is expected to drop to two and a half hours (under normal conditions), and some three hours from Athens to Trikala
Reuters: Greece to Repay More Bailout Loans Ahead of Maturity in 2023
The country has relied solely on international markets for its borrowing needs since a third institutional bailout ended in 2018
Ag Min. Avgenakis: Greece-China Cooperation in Research, Education in Agri-Food Sector
Greek minister tours cutting-edge hydroponics and robotics facilities at the Chinese Academy of Agricultural Sciences in Beijing
Mini Holiday Season in Greece for Upcoming Orthodox Easter
Occupancy rates reach up to 90% domestically for accommodations open ahead of peak summer season
Greek PM Mitsotakis Says Fight Against Inflation Ongoing
The Premier made statement during a visit an an open vegetable market
Unpaid Taxes in Greece Reach 1.539bln Euros
As the figures revealed the number of debtors totaled 3,878,712 individuals and legal entities.
ELSTAT: Greek Primary Surplus Reaches 1.9% of GDP in 2023
Greek debt saw a slight dip to 356.7 billion euros by the end of 2023, down from 356.8 billion euros a year prior