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Economy

Greek Tourism Soars During Winter Period, Spring Bringing Even More

ATHENS – Greece’s efforts to lure more tourists year round is succeeding, even during the normally down winter period that showed 24.5 percent growth in the first three months of 2024 and the hordes continuing in the spring.

Data from the Bank of Greece showed that most foreign visitors were choosing short-term rentals on platforms such as Airbnb instead of hotels, which weren’t benefitting as much from the arrivals.

Many of those rentals are also helping rich foreigners who bought up multiple properties to qualify for Golden Visas that gave them and their families 5-year residency permits and valuable European Union passports.

The bank said that revenues from January through March were 942 million euros ($1.022.81 billion) and gave Greece a jump start on what could be another record tourism year surpassing 2023.

There were 1,167,300 tourists in March alone and 2,642,364 overnight stays, showing increases of 3.5 and 4.9 percent, according to figures from the Hellenic Statistical Authority (ELSTAT.)

Greeks were traveling again in their own country after being held down by high costs, low wages and being unable to afford to do so, apart from going to their home villages and islands, not deterred by anything.

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