According to the recently released data from the Bank of Greece, July revenues were 61.4% in relation to the revenues of the corresponding month of 2019. This reinforces forecasts that total tourism revenues for the year could exceed 10 billion or even close to 12 billion, according to estimates by some market participants, including former SETE president Andreas Andredis.
According to the ΤτΕ (Bank of Greece), tourism revenues were 2.275 billion in July and 3.702 billion euros in 2019. To make everyone realize how big the difference is, suffice it to note that in July last year, revenue was $ 678 million.
For the period January-July 2021, total revenue amounted to 3.38 billion against 9.11 billion in the corresponding period of 2019 and 1.41 billion last year. That is, the revenue for 7 months corresponds to 37% of the figure for 2019.
In 7 months, the arrivals of travelers increased by 51.4% (by 139.7% compared to the same period in 2020), amounting to 37.1% of the indicator for 2019.
In July, the number of traveler arrivals and related revenues increased significantly (by 240.2% and 235.6%, respectively) compared to the same month in 2020.
It should be noted that this year, due to restrictions due to the pandemic, in fact, the first month of tourism was July.