Europe

Travel Revenues in Greece to Exceed 2021’s Budget by €3 Billion Until Year’s End

The Greek Minister of Tourism, Vassilis Kikilias, has revealed that by the end of this year, Greece’s travel revenues will exceed last year’s budget by three billion euros.

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Through a statement issued on November 24, the Minister also emphasised that last month Fraport’s airports recorded an increase of +14.9 per cent compared to October 2019. At the same time, the turnover in accommodation and hotels also increased by 22.1 per cent and 19.8 respectively, in the third quarter of the year, SchengenVisaInfo.com reports.

Meanwhile, the occupancy rate in travel destination accommodation moved to very high levels, thus reaching 100 per cent.

“I am happy because, in a very difficult period, we managed to support the average Greek family, not exclusively the professionals of the tourism sector, but also primary production, catering, trade, the construction sector, and short-term leasing,” Kikilias also noted.

According to him, through the “Save-Operate” program, €100 million will be allocated to support the owners of small hotels and accommodations in mountain destinations most affected by the energy crisis. In addition, the contribution to “Tourism for all” will follow at the end of January next year.

Minister Kikilias also added that based on development projects and investments in the field of tourism, using resources from financial means is an excellent opportunity for Greece, especially for destinations that are not known and lack infrastructure.

Moreover, the Ministry of Tourism is also investing in many other projects in a bid to improve tourism infrastructure, including solid waste, water resources, traffic, electrification, better allocation in cruises, and improvement of ports, marinas, anchorages, as well as ski resorts.

As Kikilias explains, the Ministry of Tourism has allocated €350 million for these projects and has already published a call of interest.

Last week, the Minister of Tourism revealed that the revenue from Greek tourism has already exceeded €18 billion this year.

In this regard, he said that in August, in spite of the war in Ukraine and many other problems such as the pandemic, inflation, and the energy crisis that hit the country and the world, the country’s budget income from tourism was about €15 billion at that time.

Recently, data from the Bank of Greece have shown that during September, an increase of €669.4 million was seen in travel services in Greece. The same source also revealed that from January to September, there was a total increase of €14,128.2 million.

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