Q3 2013 Greek Hospitality Industry Performance
Keypoints are: Greek tourism continued its upward trend with +10% in arrivals and +13.7% in revenues; The Russian market has doubled both in terms of arrivals (~928K ) and revenues (~ € 975 mn); Hoteliers remain bullish about prospects for Q4; highest optimism exhibited by 5* hoteliers and resort hoteliers...
Keypoints are:
- Greek tourism continued its upward trend with +10% in arrivals and +13.7% in revenues;
- The Russian market has doubled both in terms of arrivals (~928K ) and revenues (~ € 975 mn);
- Hoteliers remain bullish about prospects for Q4; highest optimism exhibited by 5* hoteliers and resort hoteliers;
- According to our just published Hotel Brands in Greece report, branded hotels in Greece represent 6% of the total and 21% of total rooms;
- The EU has granted its approval for the acquisition of Olympic airlines by Aegean airlines, considered essential for retaining a viable national carrier.
About GBR Consulting
GBR Consulting is the leading hospitality and tourism consultancy in Greece. Its experience includes market and financial feasibility studies as well as valuations and development plans for Hotels, Resorts, Spas, Marinas, Casinos & Gaming, Conference Centers & Arenas, Theme Parks, Golf Courses etc. GBR Consulting is affiliated to CBRE Atria, the Greek arm of CB Richard Ellis, providing together a specialized service for Tourism Properties Transactions. GBR Consulting possesses a database with financial data for over 1,000 hotel establishments in Greece and has a datashare agreement with STR Global, the word's largest databank of hotel operational data.