BoG: Travel receipts increased by 5.4% in 2024 – Incoming travel traffic was reinforced by 9.8%

In the year 2024, the travel balance showed a surplus of EUR 18,918.1 million, against a surplus of EUR 18,162.0 million in 2023. Rise by EUR 1,108.3 million or 5.4% were reported by travel receipts, which was set at 21.702.0 million, while an increase of EUR 352.2 million or 14.5% It was also observed in travel payments, which stood at € 2,783.9 million. The increase in travel receipts is due to the rise of incoming travel traffic by 9.8%, as average expenditure per trip decreased by 5.1%. Net receipts from travel services offset 53.0% of the balance of goods deficit and contributed 83.2% to all net receipts from services.

Travel receipts

In December 2024, as mentioned above, travel receipts increased by 33.3% compared to the corresponding month of 2023 and stood at € 435.1 million. More specifically, the revenue of EU-27 residents, which stood at EUR 235.3 million, compared to EUR 152.2 million in 2023, with 54.6% in more detail, while the receipts from residents. Other countries increased by 14.4% (December 2024: 187.2 million euros, December 2023: EUR 163.7 million). The rise in receipts from the EU-27 countries was the result of increasing receipts both by residents of the euro area by 57.4% (December 2024: 201.0 million euros, December 2023: 127.7 million. euro) as well as residents of EU-27 countries outside the euro zone by 40.2% (December 2024: 34.3 Million euros, December 2023: 24.5 million euros).

In particular, with regard to the most important countries of origin of travelers from the euro area, Germany receipts increased by 0.9% and stood at € 50.4 million, while receipts from France increased by 21.3% and increased by 21.3% and They stood at € 16.8 million. Italy rose 68.3% from Italy, which stood at € 18.1 million. Of the other countries, the UK revenue increased by 32.7%, which stood at EUR 27.6 million, while US revenue rose by 117.7% and stood at 53.1 million euro. Finally, revenue from Russia increased by 21.4% to € 1.3 million.

In 2024, travel receipts rose 5.4% against 2023 and stood at € 21,702.0 million. This development is due to the increase in receipts by EU-27 residents by 7.0% to EUR 11,948.8 million, as well as the receipts from residents of other countries by 0.8% to EUR 8,641.0 million. . More specifically, receipts from residents of the euro area countries stood at € 9,457.3 million, up 4.2%, while revenue from residents of the EU-27 countries exceeded 18.8%. of the euro, which stood at € 2,491.5 million.

In particular, receipts from Germany increased by 3.5% to EUR 3,696.1 million, while receipts from France decreased by 11.4% to EUR 1,262.9 million. Italy was increased by 13.6%, which stood at € 1,225.1 million. From the other countries, the United Kingdom revenue declined by 3.7%, which stood at EUR 3,172.5 million, while US revenue increased by 15.1% to EUR 1,581.5 million. Finally, revenue from Russia fell by 50.8% and stood at € 15.9 million.

Incoming travel traffic

Incoming travel traffic in December 2024 stood at 882.4 thousand travelers, increased by 15.3% compared to the corresponding month of 2023. In particular, airport travel increased by 33.5% compared to December 2023 , while this through road border stations decreased by 8.2%. The rise of incoming travel movement came from an increase in travel traffic from both the EU countries by 22.7% and other countries by 8.9%. More specifically, travel traffic from euro area countries stood at 335.1 thousand travelers, increased by 42.7%, while traveling by EU-27 countries outside its zone was reduced by 16.3%. euro, which was 101.0 thousand travelers.

In particular, travel from Germany reported by 12.0% and stood at 73.5 thousand travelers, while travel from France increased by 98.4% to 42.0 thousand travelers. Travel traffic from Italy increased by 24.8%, which was 32.4 thousand travelers. In terms of other countries, travel from the United Kingdom increased by 12.2% and stood at 53.8 thousand travelers, while US travel traffic increased by 81.9% to 66.7 thousand travelers. Finally, travel by Russia was reduced by 63.2% and stood at 0.9 thousand travelers.

In 2024, incoming travel traffic rose by 9.8% and stood at 35,951.4 mm travelers, compared to 32,735.2 mm travelers in 2023. In particular, airport travel increased by 10.7% and through it through Road border stations by 8.9%. During the revolutionary year, travel traffic from EU-27 countries stood at 21,795.1 thousand travelers, up 11.0% compared to 2023, while travel traffic from other countries increased by 8, 1% and was 14,156.3 mm travelers. Travel traffic from euro area countries increased by 12.1% and travel from EU-27 countries outside the euro area by 8.9%.

In particular, travel from Germany increased by 13.4% and stood at 5,402.3 thousand travelers, while travel from France increased by 8.8% and stood at 1,992.4 thousand travelers. Travel traffic from Italy rose by 10.0%, which was 2,025.9 thousand travelers. Regarding the other countries, travel from the United Kingdom decreased by 1.0% and stood at 4,545.5 thousand travelers, while the US increased by 10.0% to 1,547.4 thousand travelers. Finally, Russia’s travel traffic decreased by 54.9% and stood at 16.1 thousand travelers.