Record revenues from tourism in Albania, 788m euros in only the first three months of the year

According to data published today by the Bank of Albania, the tourism industry during the first quarter of this year registered increased revenues from tourists to the value of 788m euros from 624m euros in the same period a year ago.

This is a very optimistic figure taking into account that this is about the January-March period, while predictions are of an even greater increase during the peak summer season.

About 1.5m foreigners who came to the country from January to March have spent 788m euros in the country, up from 624m euros worth in January-March 2023. And the 1.7 million Albanians travelling abroad have spent 521m euros in foreign states, with increases compared to the first quarter of last year when 435m euros were spent.

Bank of Albania stresses, “Travel services have expanded the positive balance to +267m euros, versus +189m euros, in the same period last year. Revenues and expenditures from travel services increased by around 26% and 20%, respectively, in annual terms. This performance has been detected, mainly, by increasing the number of travelers”.

In reference I NSTAT, in the first three months of this year in our country, 1,535,113 foreigners have entered from 1,080,564 foreigners who came in the same period.

Revenues from the tourism sector this year are expected to record a new record in proportion to last year, due to increased influx of tourists.

More than 10 million foreigners visited Albania in 2023, achieving a historical record. This boom has brought an increase of revenue, coming directly from tourism to the economy, but also indirect income to support industries, or sector-related, known as value chain. Telegraph