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    Παρασκευή, 21-Φεβ-2020 14:23

    BoG: Travel receipts totalled €18,152 million in 2019, up by 12.8%

    BoG: Travel receipts totalled €18,152 million in 2019, up by 12.8%
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    The balance of travel services showed a surplus of €43 million in December 2019, compared with a surplus of €23 million in December 2018 according to provisional data by Bank of Greece. 

    More specifically, travel receipts in December 2019 rose by 6,1% to €289 million, from €272 million in December 2018, whereas travel payments fell by 1.2% (December 2019: €246 million, December 2018: €249 million). The rise in travel receipts was due to a 5.4% year-on-year increase in inbound traveller flows, as well as to a rise of 0.7% in average expenditure per trip. Net receipts from travel services accounted for 8.4% of total net receipts from services and offset 2.6% of the goods deficit.

    In 2019, the balance of travel services showed a surplus of €15,416 million, compared with a surplus of €13,895 million in 2018. This development is attributed to an increase, by 12.8% or €2,066 million, in travel receipts, which were only partly offset by travel payments, up by 24.9% or €545 million. The rise in travel receipts was driven by an 8.5% rise in average expenditure per trip and by a 4.1% increase in inbound traveller flows. Net receipts from travel services offset 67.5% of the goods deficit and accounted for 73.1% of total net receipts from services.

    Travel receipts 

    In December 2019, as mentioned previously, travel receipts rose by 6.1% year-on-year. In more detail, receipts from residents of the EU28 rose by 3.6% to €130 million and receipts from outside the EU28 increased by 8.3% (December 2019: €156 million, December 2018: €144 million). The higher receipts from within the EU28 were driven by a 26.2% increase in receipts from euro area residents to €98 million, as receipts from residents of non-euro area EU28 countries dropped by 33.2% to €32 million (December 2018: €48 million). Among major countries of origin, receipts from Germany decreased by 16.6% to €19 million and receipts from France fell by 24.9% to €5 million. Receipts from the United Kingdom also fell, by 43.1% to €14 million. Turning to non-EU28 countries, receipts from the United States rose by 37.7% to €30 million, while receipts from Russia fell by 1.9% to €7 million.

    In 2019, travel receipts totalled €18,152 million, up by 12.8% relative to the previous year. This development was driven by an 11.5% increase in receipts from residents of the EU28, which came to €12,277 million, and by a 16.3% rise in receipts from residents outside the EU28 to €5,400 million. In particular, receipts from euro area residents rose by 8.7% to €7,720 million, while receipts from residents of non-euro area EU28 countries increased by 16.7% to €4,558 million. Specifically, receipts from Germany edged down by 0.2% to €2,956 million, whereas receipts from France rose by 14.5% to €1,092 million. Receipts from the United Kingdom rose by 31.9% to €2,556 million. Turning to non-EU28 countries, receipts from the United States increased by 14.2% to €1,187 million and receipts from Russia also increased, by 27.3% to €434 million.

    Inbound traveller flows 

    The number of inbound visitors in December 2019 stood at 692 thousand, compared with 657 thousand in December 2018. Specifically, visitor flows through airports increased by 14.8%, whereas visitor flows through road border-crossing points declined by 5.2%. This overall increase was driven by higher visitor flows from both within the EU28 (up 4.7%) and outside the EU28 (up 6.0%). In greater detail, the number of visitors from within the euro area rose by 41.6% to 196 thousand, while visitors from the non-euro area EU28 countries fell by 23.5% (December 2019: 138 thousand, December 2018: 181 thousand). Specifically, the number of visitors from Germany rose by 23.0% to 47 thousand, while visitors from France fell by 3.2% to 13 thousand. Visitors from the United Kingdom also fell, by 24.9% to 25 thousand. Turning to non-EU28 countries, visitors from the United States decreased by 12.0% to 29 thousand and visitors from Russia fell by 27.0% to 12 thousand.

    In 2019, the number of inbound visitors rose by 4.1% to 31,348 thousand (2018: 30,123 thousand). Specifically, visitor flows through airports increased by 1.6% and visitor flows through road border-crossing points increased by 9.0%. In the period under review, the number of visitors from within the EU28 rose by 3.1% year-on-year to 22,053 thousand and visitors from outside the EU28 increased by 6.5% to 9,295 thousand. Visitors from within the euro area declined by 3.2%, whereas visitors from the non-euro area EU28 countries rose by 10.2%. Specifically, the number of visitors from Germany decreased by 8.1% to 4,026 thousand, while visitors from France increased by 1.2% to 1,542 thousand. Visitors from the United Kingdom also increased, by 18.9% to 3,499 thousand. Finally, turning to non-EU28 countries, the number of visitors from the United States increased by 7.4% to 1,179 thousand, while visitors from Russia rose by 12.1% to 583 thousand.
     

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