Travel revenues increased by 24.5% in January and February

Travel revenues posted a notable 24.5% year-on-year increase in Greece in January and February, Bank of Greece data showed on Friday, helping to moderate the country’s current account deficit.

Travel revenues in the first two months of 2024 amounted to 589.7 million euros, which means a dynamic start to the year, with an increase of almost a quarter compared to the same period last year (€ 457.5 million).

According to data from the Bank of Greece, the number of non-resident travelers has also increased by 20.7% compared to the first two months of 2023, showing that Greece is gradually achieving its target of becoming a twelve-month destination.

Consequently, the signals from January and February confirm the sector’s expectations of a new record year for Greek tourism.

Also, the current account deficit showed a slight improvement in the first two months of 2024 compared to the same period in 2023, thanks to the improvement in the secondary income balance and, to a lesser extent, the services balance, which was partially offset due to the deterioration of goods and primary income balances.