Santorini Leads Cycladic Islands with €376 Million in Q3 Accommodation and Catering Revenue

A recent analysis has revealed that Santorini generated nearly 376 million euros in revenue from its accommodation and catering sectors during the bustling tourist months of July, August, and September.

The report, conducted by the MTC Group and based on Hellenic Statistical Authority data, indicates that Santorini outperformed all other Cycladic islands, despite experiencing a 9% decline in comparison to the same period last year.

The detailed revenue breakdown shows that Santorini earned €267.5 million from accommodation services and €108.1 million from catering.

Following Santorini, Mykonos claimed second place with revenues surpassing €309 million in the same sectors.

Paros, with almost €117 million, Naxos with €89 million, and Milos with €60 million, ranked next, well ahead of Syros (€28.6 million) and Tinos (€24 million). At the lower end, Andros and Kea/Kythnos each recorded €14 million in revenue.

Noteworthy is the performance of Milos and Paros, which posted significant turnover increases of 32.9% and 23%, respectively, year-over-year.

Nationally, the accommodation sector recorded a total turnover of €6.2 billion, reflecting a 6.9% growth compared to the previous year. Meanwhile, catering services saw a modest rise, bringing in 3.7 billion euros, a slight 0.2% increase over the same period last year.

Source: pagenews.gr