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Greece’s tourism revenues down 78% in first nine months of 2020

Tourism revenues in Greece went down by 78% and arrivals recorded a decline of 77.2%, the Bank of Greece said in a report about the performance in the first nine months of 2020.

This is practically the performance of the whole year as there is no tourism traffic due to the second lockdown imposed since the beginning of November.

Therefore, travel receipts this year amount to 3.51 billion euros, after a 73.4% annual contraction in takings from European Union citizens and an 83% slump from non-EU visitors.

Faring slightly better in comparison with other markets were those of France and Germany, from where travel receipts fell 68.9% and 69.4% respectively from 2019.

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