ECONOMY

Germans account for most tourism revenues

On an annual basis, German tourists are the biggest spenders in Greece, forking out some 1.65 billion euros a year here, according to a Bank of Greece report. However, the same report revealed that in terms of spending per trip and per night, it is Australians who have the deepest pockets, with average expenditure of 1,327 euros per trip and 125 euros per night.

Last year tourism revenues exceeded 10 billion euros, but that was lower than the 11.6 billion cashed in five years ago. However, the sector expects to beat the 2008 record this year with the arrival of more than 17 million tourists, from 15.52 million in 2012.

Despite their decline from previous years, German tourists were the biggest group in Greece last year, at 2.1 million, ahead of the British (1.92 million) and the French (977,400). Britons spent a total of 1.42 billion euros, Russians 944 million and the French 764 million.

Almost two-thirds of revenues (6.6 billion euros) came from individual tourists while 3.4 billion came from package holidays and cruise visitors.

The amount that Greeks spent traveling abroad last year hit a 10-year low, at 1.8 billion euros, with average spending per trip at 393.90 euros.