![BoG: Greek Tourism Surges 12.2% in 1st Half of 2024](https://www.ot.gr/wp-content/uploads/2024/07/tourism-1024x683-1.jpg)
The Bank of Greece (BoG) reported that Greek tourism revenue grew at a rate of 12.2% in the first half of the year.
According to the BoG figures, travel revenues in the first six months of 2024 reached €6.9 billion, compared to €6.1 billion in the same period of 2023, generating an additional €754 million in 2024 compared to 2023.
Specifically for June, however, the growth rate was more moderate at 7.7%. In that month, revenues amounted to €3.11 billion compared to €2.89 billion in the previous year, marking a positive difference of €223 million.
Travel receipts hit a record high of €20.5 billion in 2023, confirming that the tourism sector in the country raised the bar even higher last year, surpassing the previous record set in 2019.
More specifically, travel receipts reached €20.459 billion, roughly 12.7% higher than the €18.151 billion in 2019.
According to data from INSETE’s Airdata Tracker, scheduled international flight seat capacity to Greece has increased by 8.2% compared to 2023, with 53% of this growth occurring in the third quarter. Encouragingly, tourism is gradually succeeding in extending the season, with pre-bookings for September and October providing grounds for optimism.
As concern about over-tourism is gaining traction in public discourse in the country, the crucial role of Greek tourism in the economic recovery of Greece is undeniable, as it continues to contribute by far the lion’s share to domestic GDP.
The data confirms a previous study by the National Bank of Greece (NBG) that estimates in 2024 the sector could achieve new records, with arrivals reaching 35 million tourists (+7% compared to 2023) and improved revenue per tourist, resulting in earnings of around 22 billion euros (+10% compared to 2023) and achieve an increased share in the Mediterranean market.
Source: tovima.com
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Greece Launches Microfinance Fund to Support Small Businesses](https://www.ot.gr/wp-content/uploads/2025/02/stournaras-mikropistwseis-600x400.jpg)
Greece Launches Microfinance Fund to Support Small Businesses
The Microfinance Fund will offer interest-free financing at a rate of 60% for general entrepreneurship and 75% for female entrepreneurship, with microfinance institutions providing the remaining 40% or 25%.
![Study: Greece’s Economic Growth Threatened by Labor Shortages](https://www.ot.gr/wp-content/uploads/2023/11/45_p14.2_img-1-600x398.jpg)
Study: Greece’s Economic Growth Threatened by Labor Shortages
In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.
![Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement](https://www.ot.gr/wp-content/uploads/2025/02/Goldman-Sachs-600x400.jpg)
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
![Greek Tax Authorities Target Tax Evasion via Lifestyle Audits](https://www.ot.gr/wp-content/uploads/2025/02/shutterstock_2347095029-scaled-1-600x400.jpg)
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
![Giannis Antetokounmpo Invests in AI Video Production Platform](https://www.ot.gr/wp-content/uploads/2023/02/giannis-antetokounmpo-600x337.jpg)
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
![Greece’s Industrial Production Rises 5.8% in December](https://www.ot.gr/wp-content/uploads/2025/02/Industrial-production.jpg)
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
![Study Shows Athens Traffic Congestion Up](https://www.ot.gr/wp-content/uploads/2023/09/traffic-332857_1280-600x400.jpg)
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
![Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-07T223323Z_1406125441_RC24JBAKMTGM_RTRMADP_5_ELON-MUSK-JP-MORGAN-600x389.jpg)
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
![Make Europe Great Again in Madrid](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-08T125319Z_1806997237_RC2CQCA44ZAR_RTRMADP_5_SPAIN-POLITICS-FAR-RIGHT-scaled-1-600x400.jpg)
Make Europe Great Again in Madrid
Far-right leaders rally in Madrid to 'Make Europe Great Again
![Seismologists Cautiously Optimistic as Aegean Earthquake Activity Evolves](https://www.ot.gr/wp-content/uploads/2025/02/2025-02-03T091846Z_527357669_RC2VIG9S7Z9U_RTRMADP_5_GREECE-QUAKE-SANTORINI_med-600x400.jpg)
Seismologists Cautiously Optimistic as Aegean Earthquake Activity Evolves
Seismologists grow increasingly optimistic as Aegean earthquake activity shows signs of decline