Greece’s statistical authority, ELSTAT, has released its latest figures, showing a notable uptick in the turnover of both the food service and accommodation sectors during the first quarter of 2024.

According to the report, the turnover in the accommodation sector reached 436,641,282 euros, marking a substantial increase of 13.4% compared to the same period in 2023.

In a more detailed breakdown, it was found that in Regional Units where contributions to the total turnover exceeded 1% in 2023, the island of Kos in the Aegean experienced the most significant surge in turnover at an impressive 62.9%, while Thessaloniki saw the smallest uptick at 5.2%. Conversely, Thira on the island of Santorini, recorded a decrease of 20.2%.

Meanwhile, in the food service sector, the overall turnover for the first quarter of 2024 amounted to 1,799,689,378 euros, signaling a noteworthy 9.4% increase from the first quarter of 2023.

Looking into regional dynamics, Regional Units contributing over 1% to the total turnover of 2023 showcased varying performances. Messinia, in the southwestern Peloponnese, experienced a substantial 16.1% increase in turnover, while the island of Zakynthos in the Ionian Sea, recorded the smallest increase at 1.8%. Conversely, Mykonos and Thira witnessed decreases of 11.2% and 2.0%, respectively.

Furthermore, for businesses in the accommodation sector mandated to maintain duplicate books, March 2024 saw an 11.9% surge compared to March 2023.