Tourism-related takings rise

  • 23 July, 24

Accommodation and food service posted 14.8% growth in turnover in May year-on-year

Businesses active in the tourism accommodation and food services sectors recorded a 14.8% increase in turnover year-on-year in May, based on data published by the Hellenic Statistical Authority (ELSTAT) on Friday.

For businesses in the accommodation sector, this year’s May turnover increased by 15.8% to 806.9 million euros, compared to the corresponding month last year, when it was €697 million. Accordingly, for businesses in the food service sector, May’s turnover reached €247.13 million, marking an annual increase of 11.8%, compared to the same month in 2023, when it had reached €221 million. Notably, the Greek Orthodox Easter this year was in May, while in 2023 it was in April.

Cumulatively for businesses in the accommodation and food service sectors, turnover in May amounted to €1 billion, marking an increase of 14.8% compared to May last year, when it reached €918.1 million.

For regional units with a contribution to 2023’s total turnover of above 1%, the largest increase in May 2024 compared to May 2023 was observed in the Iraklio Regional Unit (24.5%) and the smallest (3.8%) was recorded in Achaia Regional Unit. In Attica, the increase was 12.3%, with turnover amounting to €398.75 million.

Cre:ekathimerini.com

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