The tourism industry during Greek crisis

The number of arrivals to Greece grew by 89 percent over the 2005-2017 period, according to a new study released by INSETE, the Greek Tourism Confederation’s (SETE) intelligence body.

INSETE analysts collected data on incoming tourism, arrivals, overnight stays and travel receipts as well as various key indicators.  The data evaluated over the crisis years which impacted Greece’s economic growth, exploring trends in tourism.

The report focuses for the most part on key source markets, including Germany, the UK, France, the US, Italy, Netherlands and Russia. Also Australia, Romania, Belgium, Switzerland, Cyprus, Turkey, Bulgaria, Sweden, Austria, Albania and Canada were included in the survey. Al the above countries accounted for 85 percent of all travel receipts of incoming tourism in Greece for 2017.

More specifically, over the 2005-2017 period the number of arrivals grew by 89 percent – to 27.2 million in 2017. Overnight stays rose by 36.8 percent, to 209.8 million in 2017 and revenue increased by 32.4 percent, to 14.2 billion euros in 2017.

Greek Island

Main Tourism markets

The main tourism markets for Greece are as follows:

Germany with 37,6 million overnight stays on 2017, which accounts for 2,5 billion   travel receipts vs 2,3 billion euros in 2005.

Boats in the port

United Kingdom with 26,5 million overnight stays on 2017, which accounts for 2,0 billion   travel receipts vs 1.9 billion euros in 2005.


During 2005 French visitors accounted for 12,3 million overnight stays vs 7,7 million on 2005


The overnight stays for American visitors reaches 9,6 million in 2017 vs 6,6 million on 2005. The travel receipts accounted for 814 million eur vs 674 million on 2005.

View from Taygetos peak


12,04 million of overnight stays was made by Italian visitors in 2017 vs 11,3 million on 2005.


 Finally the overnight stays of Russian visitors reach at 5,8 million for 2017 a strong increase vs 1.3 million figure of 2005. The total receipts were quadruple to 420 million euros vs 130 million on 2005.