Greece experiences a tourism boom: guests prefer rental accommodation

The Central Bank published statistics for the first quarter of 2024.

Event

The Greek tourism sector is thriving, showing a 24.5% increase in the first quarter of 2024 compared to the same period last year.

According to the Bank of Greece:

• The number of foreign tourists increased by nearly 25%.
• Tourism revenues reached €942 million, which is 28.2% more than in 2023.

Interesting facts

• The main contributors to this growth were tourists preferring short-term rental accommodations.
• Domestic tourism also showed significant growth, accounting for 58.3% of total arrivals and 55.1% of total overnight stays.
• Hotel sector turnover in the first quarter of 2024 increased by 13.4% compared to last year.

All these indicators point to a strong recovery of Greek tourism after the COVID-19 pandemic.