“After the years of the pandemic, many head to the sunny south. However, the consequences of high inflation and high energy prices are also felt in Greece. This makes holidays in Greece up to 30% more expensive “.
This reports on the increase in prices in the Greek tourism sector, was published on the website of Bavarian radio station BR.
Accommodation, sunbed and food
Among other things, it is noted: “According to the SETE tourist association, hotel accommodation prices have increased this year from 10 to 30%. However, efforts are being made to keep it low. However, hoteliers are faced with both higher prices for energy and food (…) But it is not only the prices of hotels that are rising. Last year, holidaymakers on public beaches in Crete, a popular tourist destination, paid an average of seven euros for an umbrella and sunbed. This set now costs ten euros, while there are fears that it may become more expensive in July and August. And the prices of ferry tickets have increased by 25 to 30% this year, according to the tourism association “.
But also for food, tourists will have to dig deeper in their pockets, BR notes. “The most popular Greek street food, souvlaki is a simple example. For the time being, it costs an average of 3.5 euros, while a year ago it was 2.40 euros “. The article note in closing: “High inflation has other consequences for the tourism industry in Greece. There is a shortage of over 50,000 employees, mostly support staff. At the beginning of May, the industry feared that the lack of specialized staff would have consequences for the quality of the services provided.”
Latest News
New 11-Month High for Greece with 35M Tourist Arrivals in 2024
Inbound travelers to Greece boosted tourism-related revenues to 21.27 billion euros in the Jan.-Nov. 2024 period.
ECOFIN Approves Revisions to Greece’s Recovery Plan
Greek Finance Minister Kostis Hatzidakis said the decision will kickstart recovery fund absorption set to reach 64%.
Trends Shifting Among Foreigners Buying Holiday Houses in Greece
The primary reason for the shift in the trend is the saturation of popular destinations and the potential buyers’ desire for more privacy
Greek Public Debt at €370.865bln at End of Q3 2024: ELSTAT
It was slightly down from €371.483bln in Q3 2023, according to the quarterly non-financial accounts of the General Government
WEF Report Says 70% Greek Workers Need Retraining by 2030
The report, entitled “The Future of Jobs 2025”, says that a global shift in the workplace will result in the loss of 92 million jobs
National Bank of Greece Finances First Energy Storage Project in Country
The total financing for the project amounts to €41.9 million
Energy Giant Chevron Expresses Interest in Drilling in Greece
In line with this effort, the Hellenic Hydrocarbon Resources Management and Energy Resources Company (HEREMA) is submitting the Strategic Environmental Impact Study today
UBS ‘Bullish’ on Greek Banks
UBS highlights the positive trends in loans and savings and the financing cost, stressing corporate credit expansion acts as the driving force for the banking sector’s profit margins
Cost of Banking in Greece Drops from Monday
The measure aims to lower the cost of doing business and everyday transactions in Greece, with an estimated annual cost to banks of approximately €150 million.
Greek Tax Bureau Chief Details Efforts to Curb Evasion; Digitalize Administration
Independent revenue authority (AADE) Gov. George Pitsilis addresses OECD summit, cites reduction in lost VAT remittances from almost 30% in 2017 to 13.7% by 2022