Tourist flow tops 20 million in first ten months 2014

Total travel revenues for the period amounted to 13,013 million euros, according to BoG figures.

The increase in revenues was largely due to a rise in arrivals, since average spending per trip was down 9.0%. Net revenues from travel services contributed by 61.4% to net revenues from services and offset a 73.1% trade deficit.
 
Tourism revenues from Eurozone residents reached 5,229 million euros, up 10.4% over the previous year, while revenues from EU28 countries not in the Eurozone were up 23.7%.

Revenues from Germany were down 3.1%, falling to 1,807 million euros, while revenues from France were up by 27.7% at 1,140 million euros. Revenues from the United Kingdom reached 1,567 million euros, up 18.4%.

Among non-EU countries, revenues from Russia were down 13.2% at 1,154 million euros, while revenues from the United States increased by 11% to 604 million euros.

The largest increase in arrivals was from Germany (8.8%) and France (27.4%), followed by the UK (12.9%).

Arrivals from Russia fell by 8.1% and arrivals from the U.S. increased by 29.2% to 562,000.