Travel receipts in Greece increased by 309.8 percent in the first month of the year generated by a 256.7 percent rise in inbound traveler flows, said the Bank of Greece releasing provisional data for January 2022. In the same month, the balance of travel services recorded a surplus of 60.8 million euros up from a […]
Photo source: HCAA International arrivals to Greece increased sharply in the first two months of 2022, recording a 261.6 percent rise over 2021 to 2.6 million passengers against 718,330 a year earlier, said the Hellenic Civil Aviation Authority (HCAA) on Wednesday. The two-month figure is still 37.8 percent below pre-pandemic 2019, when Greece welcomed 4.17
Knossos, Crete. Photo surce: @Visit Greece Greece is a favorite holiday destination this summer for the customers of global leisure travel giant TUI Group, who selected Crete as the most popular destination overall, the company said this week announcing the release of its “Holiday Atlas 2022”. Greece and Spain are the most popular holiday destinations for […]
Holiday travel giant TUI Group said this week that sanctions on the company’s largest single shareholder, Russian billionaire Alexey Mordashov, as a result of the Russia-Ukraine crisis, will have no lasting impact on business, the company, customers and employees. “Our company is run by the executive board, like any German public limited company, and not by the
Greece managed in 2021 to recover more than half of 2019 tourism revenues and double the number of arrivals by extending the tourism season past the traditional summer months and launching winter and city break campaigns despite the onset of the Omicron variant. According to the Bank of Greece (BoG) report for 2021, the number […]
Acropolis Museum in Athens. Archive photo © Maria Theofanopoulou Tourism-related revenues in 2021 recovered 58.6 percent of pre-Covid-19 levels amounting to 10.6 billion euros, the Bank of Greece (BoG) said this week. More specifically, according to the country’s central bank, the rise in the services surplus is almost “exclusively attributable to an improvement in the
The US Centers for Disease Control and Prevention (CDC) has revised its guidance for cruise travel lowering the risk level but still advising travelers to make sure they are up to date with Covid-19 vaccines before boarding a cruise ship. The CDC moved cruise travel from Level 4 “very high” risk to Level 3 “high” […]
Greek Finance Minister Christos Staikouras. Photo source: @cstaikouras Greece’s finance minister Christos Staikouras told Reuters on Monday that the country would be proceeding with the early repayment of bailout loans to the IMF (International Monetary Fund) by the end of the month. Repaying IMF loans two years ahead of schedule would bring the country one […]
Healthier tourist flows to Greece over the summer helped the Greek economy reclaim a significant part of Covid-19-induced losses, said the European Commission this week, forecasting overall real GDP to grow by 8.5 percent in 2021. In its European Economic Forecast Winter 2022, the Commission is also expecting the Greek economy to expand by 4.9 […]
Photo source: @Athens Attica Greece’s golden visa program, which grants five-year residency rights to investors who purchase property valued at a minimum of 250,000 euros, is attracting more buyers due to political and economic instability in their countries, Greek newspaper Kathimerini reports. Residents of Turkey, Lebanon, India, Iran and Russia are