The length of this year’s tourist season, with the optimistic scenario being brisk occupancy rates until even November, will determine if 2023 is a record-breaking year for the sector in Greece.
The previous record of 18.2 billion euros in travel remittances was reached in pre-pandemic 2019, with at least one buoyant estimate by National Bank analysts now pointing to a target of 21 billion euros this year.
Lower than expected occupancy rates in previous months were handily off-set by higher remittances (spending per person, per day) in 2023, with records broken this month and in the first half-year period.
According to Bank of Greece (BoG) figures, travel remittances in H1 2023 totaled 6.175 billion euros, compared to 4.98 billion euros in the corresponding period of 2022 and 5.41 billion in 2019.
According to a recent study by INSETE for 2022, the Greek Tourism Confederation’s (SETE) research NGO, visitors from the United States are the biggest “spenders”, followed by Swiss holiday-makers.
July’s massive and highly publicized wildfire in south-central Rhodes apparently did not dent the country’s image as a holiday magnet abroad, with high-profile visitors this year including Amazon founder Jeff Bezos, Indian steel tycoon Lakshmi Mittal, NBA legend Magic Johnson and Hollywood star Demi Moore.
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Airbnb: Greece’s Short-Term Rentals Dip in March Amid Easter Shift
Data from analytics firm AirDNA shows that average occupancy for short-term rentals dropped to 45% in March, down from 49% the same month last year.
Easter Week in Greece: Holy Friday in Orthodoxy Today
At the Vespers service on Friday evening the image of Christ is removed from the Cross and wrapped in a white cloth
Meloni and Trump Meet in Washington, Vow to Strengthen Western Ties
“I am 100% sure there will be no problems reaching a deal on tariffs with the EU—none whatsoever,” Trump stressed.
ECB Cuts Interest Rates by 25 Basis Points in Expected Move
The ECB’s Governing Council opted to lower the deposit facility rate—the benchmark for signaling monetary policy direction—citing an updated assessment of inflation prospects, the dynamics of underlying inflation, and the strength of monetary policy transmission.
Current Account Deficit Fell by €573.2ml Feb. 2025: BoG
The improvement of Greece’s current account was mainly attributed to a more robust balance of goods and, to a lesser extent, an improved primary income account
Hellenic Food Authority Issues Food Safety Tips for Easter
Food safety tips on how to make sure your lamb has been properly inspected and your eggs stay fresh.
Greek Kiwifruit Exports Smash 200,000-Ton Mark, Setting New Record
According to data by the Association of Greek Fruit, Vegetable and Juice Exporters, Incofruit Hellas, between September 1, 2024, and April 17, 2025, kiwifruit exports increased by 14.2%.
Easter Tourism Boom: Greece Sees 18.3% Surge in Hotel Bookings
Among foreign markets, Israel has emerged as the biggest growth driver, with hotel bookings more than doubling—up 178.5% year-on-year.
Greece to Launch Fast-Track Tender for Offshore Hydrocarbon Exploration
Last week, Papastavrou signed the acceptance of interest for the two Cretan blocks, while similar decisions regarding the two Ionian Sea blocks were signed by his predecessor
American-Hellenic Chamber of Commerce to Open Washington D.C. Branch
AmCham's new office aims aims to deepen U.S.-Greece economic ties and promote investment and innovation between the two countries
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