All the European investment, retail, real estate, office and industry news in English language

Greece: Travel receipts in September 2020 fell by 71.4%

Travel receipts in Greece, in September, 2020 fell by 71.4% to €826 million, from €2,886 million in September 2019, while travel payments also decreased by 77.1% (September 2020: €49 million, September 2019: €214 million).

The fall in travel receipts resulted from a 73.9% decline in inbound traveller flows, as average expenditure per trip rose by 12.1%.

Net receipts from travel services offset 52.1% of the goods deficit and accounted for 72.8% of total net receipts from services.

Based on Bank of Greece latest data, the balance of travel services in September 2020 showed a surplus of €777 million, compared with a surplus of €2,672 million in September 2019.

In January-September travel receipts fell by 78.2%

Travel receipts fell by €12,598 million or 78.2% to €3,509 million, while travel payments also decreased, by €1,371 million or 68.1% to €641 million.

The drop in travel receipts stemmed from a 2.2% fall in average expenditure per trip and a 77.2% decrease in inbound traveller flows.

Net receipts from travel services offset 20.3% of the goods deficit and accounted for 50.8% of total net receipts from services.

In January-September 2020, the balance of travel services showed a surplus of €2,868 million, down from a surplus of €14,095 million in the same period of 2019.

- ADVERTISMENT -

must read