x

Tourism

During COVID, Greece Seeing Record-Busting Tourist Revenues

ATHENS – Opening the country to tourists earlier and essentially ending COVID-19 health measures has led to a resurgence of the pandemic but it’s also bringing in big bucks – euros – for Greece’s New Democracy government.

Despite not having enough staff, hotels are near capacity, airline seats are hard to find and people are spending like there’s no tomorrow.

So much so that revenues could surpass the record year of 2019, before the Coronavirus struck in 2020 and almost closed down international air travel and tourism for two years.

Estimates for travel spending in Greece compared to that year are on a path to be 10 percent higher for the sector that brings in as much as 18-20 percent of the annual Gross Domestic Product (GDP) of 190.53 billion euros ($200.3 billion.)

American airlines have added more direct flights but run into the problem of having to cancel flights because after taking $50 billion in federal subsidies and now raising ticket prices they bought out pilots and don’t have enough to fly planes.

Greece’s second quarter began with a 20 percent increase in April revenues and signs that it will continue through June said Kathimerini in a report on the return of foreign visitors and higher spending.

That could set the stage for a big summer boom despite the presence of stinging jellyfish in the seas with almost every part of Greece’s coast and many islands infiltrated by them.

An economist not named told the newspaper that, “Even if we have a mild return of the pandemic from the fall, the figures that will apparently be recorded in the second and third quarters are enough to cover both the losses of the first quarter and any bending of the fourth.”

That matches what was said at the general meeting of the Greek Tourism Confederation (SETE) for a record year, with the group’s President Yiannis Retsos saying the sector could bring in 20 billion euros ($21.03 billion.)

Much of the spending is being done at 4-and-5-Star hotels and luxury resorts with the wealthy pouring into the country and wanting high-end treatment.

Despite the money also overflowing, the government said it can’t afford to cut a 24 percent Value Added Tax (VAT) on food with prices rising beyond the reach of many families and inflation the highest since 1993.

RELATED

Greece’s drive to get tourists to keep coming year round for attractions other than beaches, summer, sun and islands should include showing off the health benefits of its hot springs.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Over 100 Pilot Whales Beached on Western Australian Coast Have Been Rescued, Officials Say

MELBOURNE, Australia (AP) — More than 100 long-finned pilot whales that beached on the western Australian coast Thursday have returned to sea, while 29 died on the shore, officials said.

East Macedonia and Thrace aren't just destinations for history buffs and nature enthusiasts; they're also playgrounds for families seeking enriching experiences.

BOSTON – During the visit of Dimitris Koutsoumpas, the General Secretary of the Communist Party of Greece, on Friday, April 26, at the Archdiocese in New York Archbishop Elpidophoros of America proposed the separation of Church and State in Greece.

NEW YORK – With the commitment to upgrade their relationship and to improve the services of the Municipality for expatriate Chians, the Mayor of Chios Dr.

THRU JUNE 4 NEW YORK – The third iteration of the Carte Blanche project featuring Maria Antelman with the work ‘The Seer (Deep)’ opened on April 19 and runs through June 4, Monday-Friday 9 AM-2:30 PM, at the Consulate General of Greece in New York, 69 East 79th Street in Manhattan.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.