Cyclades tourism revenues show mixed trends in Q2 2026

Tourism revenues for accommodations and catering in the Cyclades islands showed mixed trends during the second quarter of 2026 compared to the same period in 2025. Data from ELSTAT, processed by MTC Group, indicates that increased visitor arrivals no longer automatically result in proportional revenue growth.

Santorini remains the leading destination in the region. Accommodation revenues in Thira rose to approximately €124.43 million, up from €117.55 million in 2025, following a recovery period after previous seismic activity. However, catering revenues in Santorini remained nearly stagnant at approximately €59.81 million.

In contrast, Mykonos experienced a slight decline in both sectors. Accommodation revenues fell to approximately €83.98 million from €85.22 million the previous year, while catering revenues saw a minor decrease to €58.29 million. Other islands like Paros, Naxos, and Milos reported growth in accommodation revenues during this period.