Q1 2013 Greek Hospitality Industry Performance
Keypoints are: A good start for the year for the resort destinations, but a bad start for the main cities Athens and Thessaloniki; Hoteliers are overall optimistic for 2013 with significant improvements expected in occupancy, while expectations on room rates vary depending on the type (City or Resort) of hotel, along the same lines as the experience of Q1...
Keypoints are:
- A good start for the year for the resort destinations, but a bad start for the main cities Athens and Thessaloniki;
- Hoteliers are overall optimistic for 2013 with significant improvements expected in occupancy, while expectations on room rates vary depending on the type (City or Resort) of hotel, along the same lines as the experience of Q1;
- On April 29th, Marketing Greece SA, the new national tourism promotion agency was launched;
- The country seems to have finally left behind a grim period of political instability, rumours of exiting the Euro Zone and tough negotiations with creditors, while macroeconomic data indicates the upcoming stabilisation of the Greek economy;
- The privatisation programmes for Regional Airports and small Ports and Marinas have been launched.
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.