Holidays: 7.7% increase in prices in Greece (charts) – Economic Post

For a large part of the world, vacations remain a kind of luxury in Greece and the EU, as shown in the latest data from Eurostat for the month of July.

In particular, the average price for holiday packages in Greece increased by 7.7% in July compared to a year ago compared to an increase of 6.6% in the European Union.

Tourism: Island destinations are very busy in August

In the EU, the price of domestic package holidays increased by 11.1%, while international package holidays increased by 5.7%.

The holidays

The price of package holidays is increasing across the EU from August 2021. The annual growth rate exceeded 10% in most months throughout 2022 and 2023. In particular, domestic package holidays saw an increase of price in 2023, with the annual growth rate exceeding 20% ​​in 7 months of the same year.

In July 2024, most EU countries reported a positive annual inflation rate for holidays sold within their countries.

The highest increases were recorded for package holidays in France (+ 22.2% compared to July 2023), Italy (+ 19.5%) and Cyprus (+ 16.7%).

In contrast, 3 EU countries reported negative inflation rates for package holidays: Malta (-2.9%), Finland (-2.7%) and Denmark (-0.2%).

Jump to tourism receipts

Travel receipts in the semester of January-June 2024 saw a new jump, confirming the good image of tourism in Greece.

In particular, during this period, according to data from the Institute of the Association of Hellenic Tourism Enterprises (INSETE), travel receipts recorded a 12.2% increase, compared to the corresponding period of 2023, and amounted to 6,921 million euros.

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