Low­est tourism tak­ings in three years

Rev­enues in Jan-Nov 2016 fell be­low both 2015 and 2014, as an­nual de­cline in spend­ing per trip was 11.2 pct

Kathimerini English - - Focus - BY STATHIS KOUSOUNIS

Greece’s tourism rev­enues in the first 11 months of last year not only slumped be­low those of 2015, but also those of 2014, ac­cord­ing to fig­ures re­leased yes­ter­day by the Bank of Greece. At the same time, spend­ing per trip posted a dou­bledigit drop on an an­nual ba­sis.

The de­cline in tourism rev­enues in the pe­riod from Jan­uary to Novem­ber 2016 amounted to 914.4 mil­lion eu­ros com­pared to a year ear­lier. The 6.6 per­cent an­nual drop brought the fig­ure to 13.03 bil­lion eu­ros, against 13.94 bil­lion in the first 11 months of 2015 and 13.21 bil­lion over the same pe­riod in 2014.

Spend­ing per trip by visi­tors to Greece last year con­tracted 11.2 per­cent from 2015, av­er­ag­ing at 518.40 eu­ros against 584 a year ear­lier.

The big­gest de­cline was ob­served in spend­ing by French tourists (down 299.1 mil­lion eu­ros), fol­lowed by US visi­tors (by 221.9 mil­lion eu­ros), Ger­mans (92.4 mil­lion) and Bri­tons (62.9 mil­lion). There was a 17.9-mil­lioneuro in­crease in tak­ings from Rus­sians.

Bank of Greece data showed that Novem­ber brought a rev­enue con­trac­tion amount­ing to 13.8 per­cent year-on-year as tak­ings reached 219.4 mil­lion eu­ros. Spend­ing per trip went down a con­sid­er­able 24 per­cent to just 285.50 eu­ros, from 375.80 eu­ros in Novem­ber 2015.

In­ter­na­tional ar­rivals in the pe­riod from Jan­uary to Novem­ber in­creased 4.9 per­cent on a yearly ba­sis to come to 24.2 mil­lion, with air ar­rivals grow­ing 8.6 per­cent and road ar­rivals down 4.9 per­cent. In Novem­ber alone, in­ter­na­tional ar­rivals added up to 716,800, ris­ing 11.7 per­cent year-on-year.

Fig­ures put the travel sur­plus at 11.16 bil­lion eu­ros in the year to end-Novem­ber, down 7.7 per­cent from the 12.08 bil­lion recorded in 2015. This was due both to the 6.6 per­cent de­cline in travel rev­enues and the 0.7 per­cent in­crease in travel pay­ments. Net rev­enues from the sup­ply of travel ser­vices off­set by 74 per­cent the deficit in the bal­ance of goods and contributed by 75.5 per­cent to the sum of net tak­ings from ser­vices. In Novem­ber there was a travel sur­plus of 52 mil­lion eu­ros, down 48.6 per­cent from the sur­plus of 101 mil­lion in Novem­ber 2015.

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