Athens is “soaring” in terms of tourism in both the third and fourth quarters of 2023 according to the latest CityDNA Barometer Report, which is based on the latest ForwardKeys data on booked airline tickets.
Athens, which has been “flooded” with tourists these days, is in first place in the third quarter based on the percentage of increase in air tickets compared to the corresponding period of 2019, while it is in second place for the same reason in the fourth quarter of 2023.
In particular, in the third quarter, the Greek capital recorded an increase in international arrivals by 6% compared to 2019, in contrast to other major cities in southern Europe that recorded decreases. For the fourth quarter of 2023, Athens with a 13% increase in arrivals compared to 2019 occupies second place, but with the same percentage as Lisbon (13%).
The European travel and tourism sector shows promising signs for the final quarter of 2023, as the report shows that top European Southern European destinations approach pre-pandemic levels in the fourth quarter of 2023. Southern European destinations are expected to continue to lead . Cities such as Lisbon and Athens saw double-digit growth in Q4, up 13%. Istanbul and London are also gradually rising in the ranking of destinations with the biggest recovery, the report says.
Airline capacity for international travel in Europe reached almost pre-pandemic levels during Q3 and is on an upward trend heading into Q4 – a much-needed boost to get travel across Europe taking off again,” he says. Olivier Ponti, Vice President of Insights at ForwardKeys;
This increase in air supply has so far been met by a continued increase in demand, which we expect will push many destinations back to pre-pandemic levels, while overall volume will continue its recovery towards 2024, adds Ponti.
Latest News
Deadline for Postal Vote Registration Expires on Mon.
More than 157,000 Greek citizens had registered on the relevant online platform so far
Orthodox Palm Sunday Today; Shops Open in Greater Athens-Piraeus Area
Orthodox Holy Week begins on Monday, April 29, and ends on Sunday, Easter Sunday or Great and Holy Pascha (May 5)
Greek Retailers Remain Optimistic About Easter Shoppers’ Turnout
While stores are expected to be open on Sunday, April 28, the majority of Easter shoppers will likely do their shopping during the Holy Week, following the deposit of Easter bonuses
Europeche: Greek Apricot Production Recovers
Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures
Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%