{"id":119764,"date":"2019-10-23T00:00:00","date_gmt":"2019-10-22T21:00:00","guid":{"rendered":"https:\/\/rhn.ro\/greece-tourism-revenues-exceed-13-billion-eur-in-the-first-eight-months-of-this-year\/"},"modified":"2026-03-27T14:02:27","modified_gmt":"2026-03-27T12:02:27","slug":"greece-tourism-revenues-exceed-13-billion-eur-in-the-first-eight-months-of-this-year","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/greece-tourism-revenues-exceed-13-billion-eur-in-the-first-eight-months-of-this-year\/","title":{"rendered":"Greece: Tourism Revenues Exceed 13 Billion EUR in the First Eight Months of This Year"},"content":{"rendered":"<div>In the first eight months of this year, Greece&#8217;s tourism revenues increased by 13.6%, with a 3.6% advance in the number of foreign visitor arrivals, according to data published by the Central Bank.<\/div>\n<div><\/div>\n<div>In August, the peak of the tourist season, revenues grew by 16.1% compared to the same period in 2018, while the number of foreign tourists saw an expansion of 11%.<\/div>\n<div><\/div>\n<div>Total tourism revenues increased by 1.58 billion EUR in the January &#8211; August 2019 period, totaling 13.241 billion EUR.<\/div>\n<div><\/div>\n<div>Analysts expect an increase in tourism revenues this year, despite the negative effects Greece faces following the bankruptcy of the British tour operator Thomas Cook.<\/div>\n<div><\/div>\n<div>Economic losses for the Greek tourism industry following the collapse of Thomas Cook are estimated at 250 &#8211; 500 million EUR, the Association of Greek Tourism Enterprises (SETE) recently announced.<\/div>\n<div><\/div>\n<div>In 2018, over 33 million tourists visited Greece, an increase of 9.7% compared to the previous year, and the tourism revenues generated by the Greek state grew by 10%, reaching 16.086 billion EUR.<\/div>\n<div><\/div>\n<div>In 2018, tourism contributed 20.6% to Greece&#8217;s GDP, compared to a level of only 10.4% globally, according to WTTC data.<\/div>\n<p>Source: <a href=\"http:\/\/www.economica.net\" data-wplink-url-error=\"true\">Economica<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>How much did Greece earn from tourism in the first eight months of 2019?<\/strong><\/p>\n<p>Greece generated 13.241 billion EUR in tourism revenue between January and August 2019, a 13.6% increase compared to the previous year.<\/p>\n<p><strong>What was the impact of Thomas Cook&#8217;s bankruptcy on Greek tourism?<\/strong><\/p>\n<p>The collapse of Thomas Cook is estimated to cause economic losses between 250 and 500 million EUR for the Greek tourism industry.<\/p>\n<p><strong>How important is tourism to the Greek economy?<\/strong><\/p>\n<p>Tourism is vital for Greece, contributing 20.6% to the national GDP in 2018, which is significantly higher than the global average of 10.4%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first eight months of this year, Greece&#8217;s tourism revenues increased by 13.6%, with a 3.6% advance in the number of foreign visitor arrivals, according to data published by the Central Bank. In August, the peak of the tourist season, revenues grew by 16.1% compared to the same period in 2018, while the number&hellip;<\/p>\n","protected":false},"author":0,"featured_media":67835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2858],"tags":[],"thb-sponsors":[],"class_list":["post-119764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/turism-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/119764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=119764"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/119764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/67835"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=119764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=119764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=119764"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=119764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}