Growth in tourism revenue.

[Kon]

Copied from Neos Kosmos Australia. Tourism reveue in Greece increaced at a far greater pace than the gross domestic product (gdp)in the last decade ,posting a 134.4per cent rise while economic activity grew by just 44 per cent showing the ever -increasing significance of tourism for te local economy ,an EFG Eurobank report showed.The report included in the "Economyand Markets"publication of the Economic and Provisions Division of the bank ,reached the following conclusions:Greece is now a mature tourism destination but is facing increasing competition from emerging Mediterannean destinaions,particulary on prices.The market share Greece has in tourism arrivals has declined in the last couple of years from 1.9per cent in 2003 to 1.6 per cent in 2005,while the market shares in revenues from incoming tourism has remained stable at 2 per cent.This means that the revenues per arrival have improved with rival countries .Tourism revenue per arrival has grown in the last couple of years in Greece from 739euros in2003 to 862 euros in 2005 ,while in other countries there has been no such increase.The improvment in revenue per arrival is due to the rise in prices and anincrease in the average nights of stay per foreign tourist in the country.The average size of a Greek hotel unit has grown from 65 beds in 1990 to 75 in 2005,but remains smallerthan the average size in rival destinations.The hotel sector is plagued by oversupply and a low occupancy rate.In Greece there are 6,169 hotel beds per 100,000 people ,while in Turkey ,for instance,the ratio is approximately 10 times smaller.Tourism revenue per Greek hotel and per bed lags that of rivals considerably,underming the possibility of realising the invesment required.Revenue per hotel unit in 2005 was 1.22 million euros and 16,200 euros per bed ,while in croatia the equivalent figures were 6.1 million euros per hotel and 30,400 euros per bed .The distribution of households according to teir number of trips lasting over three days were as follows:54.8 per cent none,28.5 per cent one,10.7 per cent two,3.7 per cent three,and 2.3 per cent four or more trips.Seven out of 10 households that travel choose june, or august to do so. Most households stay with relatives or friends, and the more affluent ones in second homes or private houses. the highest tourism expenditure is in Crete, while Attica proves to be one of the less costly choices, as most households stay within the area in their secondary or country house...........well happy reading ,because my fingers are soooo sore after that.