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INSETE Statistics Update for the Greek Hospitality Industry First Half 2024

INSETE Statistics Update for the Greek Hospitality Industry First Half 2024


  • INSETE Statistics Update for the Greek Hospitality Industry First Half 2024

    INSETE Statistics Update for the Greek Hospitality Industry First Half 2024 – Image Credit Unsplash+   

International Air Arrivals 

  • In the period January-July 2024, 14.4 million international air arrivals were recorded, surpassing the levels of January-July 2023 (13.3 million), representing an increase of +8.2% or +1.1 million arrivals.
  • In July 2024international air arrivals reached 4.6 million, an increase of +5.3%/+235 thousand compared to July 2023.
  • The individual geographical units recorded an increase in the period January-July 2024, with the exception of the Cyclades. In particular, in Crete, international air arrivals reached 2.9 million, recording an increase of +182 thousand / +6.7%. International air arrivals at Dodecanese airports amounted to 2.4 million, an increase of +246,000/+11.4%. The Ionian Islands recorded an increase of +104 thousand/+5.3%, with a total of 2.1 million international air arrivals. In the Peloponnese, arrivals amounted to 122 thousand, an increase of +13 thousand/+12%.
  • On the contrary, the Cyclades recorded 689 thousand international air arrivals, showing a decrease of -17 thousand / 2.4%. 

Road Arrivals 

  • In the period January-July 2024, 6.3 million international road arrivals were recorded, compared to 5.5 million in the period January-July 2023, representing an increase of +13.8%/+762 thousand road arrivals.
  • In July, 2.3 million road arrivals were recorded, an increase of +277 thousand / +13.9%.
  • In the period January-July 2024, road arrivals from Albania decreased by -16 thousand (-1.7%) to 904 thousand, while the increase in arrivals from Bulgaria amounted to +383 thousand (+16.4%) with a total of 2.7 million arrivals. Similarly, arrivals from Turkey increased by +206 thousand (+38.4%) with total road arrivals amounting to 742 thousand. Finally, arrivals from North Macedonia increased by +189 thousand (+11.0%), reaching a total of 1.9 million.

  Travel receipts

  • In the period January-June 2024, travel receipts recorded an increase of +12.2%, compared to the corresponding period of 2023, reaching €6,921 million. 
  • This development is due to the increase in receipts from residents of European Union countries by +14.8%, which amounted to €3,816 million, as well as the increase in receipts from residents of other countries by +8.4% to €2,819 million.
  • More specifically, receipts from residents of the euro area countries amounted to €3,104 million, up by +11.8%, while receipts from residents of the European Union countries outside the euro area increased by +30.1% to €711 million.
  • In particular, receipts from Germany increased by +7.4% to €1,223 million, as did those from France, by +2.5% to €446 million.
  • Among the other countriesreceipts from the UK rose by +19.9% to €1,009 million, while receipts from the US increased by +1.0% to €540 million.

 
Short-term rentals

  • In the first half of 2024 there is a clear trend of a steady increase in the number of accommodation units compared to 2023.
  • However, this trend is slowing down in July, which may indicate a peak in demand.
  • In July 2024, accommodation in short term rentals reached 232 thousand, an increase of +20 thousand compared to July 2023.
  • A similar pattern emerges from the analysis of the data on the number of short-term rental beds between 2023 and 2024.
  • From January to June, the number of beds increased steadily, reaching levels in June that were +85 thousand beds higher than in 2023.
  • In July 2024, this growth slowed down, with the total number of beds offered amounting to more than 1 million, an increase of +81 thousand compared to July 2023.

Data provided by INSETE
The Institute of SETE-INSETE is a non-profit organisation founded in early 2013, on the initiative of the Greek Tourism Confederation (SETE), by four partners with intense activity in critical areas of the Greek tourism market. Visit INSETE.