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ATHENS – Tourist arrivals jumped 21.9 pct to top the 20 million “barrier” in January-October 2014, boosting travel industry revenues by 10.6 pct in comparison with the same period in 2013, the Bank of Greece reported on Tuesday. Total travel revenues for the period amounted to 13,013 million euros, according to BoG figures.

The increase in revenues was largely due to a rise in arrivals, since average spending per trip was down 9.0 pct. Net revenues from travel services contributed by 61.4 pct to net revenues from services and offset a 73.1 pct trade deficit.

Tourism revenues from Eurozone residents reached 5,229 million euros, up 10.4 pct over the previous year, while revenues from EU28 countries not in the Eurozone were up 23.7 pct. Revenues from Germany were down 3.1 pct, falling to 1,807 million euros, while revenues from France were up by 27.7 pct at 1,140 million euros. Revenues from the United Kingdom reached 1,567 million euros, up 18.4 pct.

Among non-EU countries, revenues from Russia were down 13.2 pct at 1,154 million euros, while revenues from the United States increased by 11 pct to 604 million euros.
The largest increase in arrivals was from Germany (8.8 pct) and France (27.4 pct), followed by the UK (12.9 pct).

Arrivals from Russia fell by 8.1 pct and arrivals from the U.S. increased by 29.2 pct to 562,000.

The post Tourist Arrivals Break 20-million ‘Barrier’, Boosting Revenues 10.6 % appeared first on The National Herald.

Source: The National Herald
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