Tourism revenue at record levels
Revenue from tourism this past June exceeded 2019 levels and has boosted predictions of a record year for the sector as far as receipts are concerned.
While arrivals from abroad in June stood at 89% of those in 2019, the last full season before the coronavirus pandemic, revenue reached €2.62 billion, up from €2.56 billion in June 2019, Bank of Greece data show.
This means that spending per tourist has increased; this is mostly due to higher prices globally, as Greece is posting inflation levels not seen since the mid-1990s.
According to consultants Mabrian Travel Intelligence Platform, the price rises observed in Greece are the highest among the major Mediterranean destinations: In mid-August average prices were up almost 134% on those in August 2021 at five-star hotels, 82% at four-star hotels and nearly 30% at three-star units.
