Tourism arrivals soar 24.5% in Q1, but hotels report only moderate growth

Greek tourism enjoyed a huge leap in the first quarter of the year, compared to the first three months of record year 2023. It showed growth of almost 25% in foreign arrivals per the data published on Tuesday by the Bank of Greece, with the short-term rentals accounting for the lion's share of that increase.

According to the central bank, non-resident traveler arrivals increased by 24.5% in January-March year-on-year, and travel receipts stood at 942 million euros in the first quarter of the year from €735 million in the same period in 2023, registering a jump of approximately 28.2%.

Guests arriving at tourism accommodation facilities across Greece reached 1,167,330 in March, while overnight stays amounted to 2,642,364, marking a comparatively increase compared to the corresponding month last year, by 3.5% in arrivals and 4.9% in overnight stays, according to figures...

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