Q1 2015 Greek Hospitality Industry Performance
International Tourist Arrivals at the airports of Athens and Thessaloniki increased significantly with 30% and 22% respectively in 2015 Q1 compared to the same quarter last year. As a result performance of the hotel sectors of both cities improved further (RevPAR increased by 17.3% and 7.6% respectively), especially in terms of occupancy, while room rates increased mildly.
International Tourist Arrivals at the airports of Athens and Thessaloniki increased significantly with 30% and 22% respectively in 2015 Q1 compared to the same quarter last year. As a result performance of the hotel sectors of both cities improved further (RevPAR increased by 17.3% and 7.6% respectively), especially in terms of occupancy, while room rates increased mildly.
In the rest of Greece the resort locations of Chania and Heraklion in Crete, Corfu and Kos received together nearly 13,000 more international tourist arrivals at their airports than Q1 last year. However, the RevPAR of resort hotel overall in Q1 remained on par with 0.4%.
On an international level Madrid had a good performance in Q1 mainly due to strong improvements in room rates, while Rome saw a decline in their ADR yoy. Cairo is clearly on its way back with an improvement of their RevPAR of 87% yoy.