Greek Tourism Confederation: Greek tourism revenues dropped significantly in Septembe

Despite the rise in tourist arrivals this year, Greek tourism revenues dropped significantly in September, the research unit of the Greek Tourism Confederation (SETE) said in its monthly statistical bulletin.

There was an overall increase of 12.9 pct in regional airport arrivals in September, and 14.3 pct in the Athens international airport compared to the same period last year. In the January-September period the increase was 7.6 pct.

Road arrivals in August 2016 rose 14.4 pct compared to the September 2015, while the first eight months of 2016 saw a decrease of 1.3 pct.

According to Bank of Greece’s data, travel receipts declined by 9.2 pct year-on-year in August while travel receipts in January-August 2016 totalled 9,853 million euros, falling by 7.1 pct, relative to the same period of 2015.

The confederation said that the reduced revenues was a result of Greece’s late entry in the tourism market with last minute offers and the over-taxation on tourism companies that creates a negative business climate.