Family-run and owned Anatolia Hospitality has selected IDeaS G3 Revenue Management System (RMS) to manage, control and maximise its data. Anatolia will implement IDeaS initially at its two city hotels with the highest booking dynamic, Anatolia Hotel and Onoma Hotel in Thessaloniki.
Hotels are suffering amid a dramatic drop in demand. the covid-19 crisis hit hard the Greek hospitality sector as travel for business and leisure dried up. Our analysis shows that through the end of September 2020, room revenue of hotels in Athens and Thessaloniki dropped y-o-y by 79% and 67% respectively. Total revenue of city hotels located elsewhere declined by 63% y-o-y YTD Q3 2020, while resort hotels registered a staggering drop of 79% y-o-y during the same period.
Taking charge of the South and East Region of Europe is Vassilis Themelidis, who worked at RCI for over 20 years, serving various roles from key account manager to regional director for various markets. He is based in Athens, Greece.
Athens Capital Hotel - MGallery has officially opened its doors, bringing the brand's captivating style to the very central location of Syntagma Square in Athens. This new beacon of hospitality signifies the arrival of the MGallery Hotel Collection in Greece, introducing visitors to this upscale, cultural and highly visited city through a stay that embodies art in all its expressions, contemporary gastronomy and bespoke accommodations. Athens Capital Hotel - MGallery is the perfect starting point from which to discover Athens, a unique European metropolis which embodies an indulgent combination of ancient character and contemporary lifestyle through sightseeing, high-end shopping and art in all its forms. From the Acropolis of Athens to the Odeon of Herodes, a remarkable landmark awaits behind every turn, and this truly experiential hotel will forge unforgettable memories for its guests by leading them on an evocative journey through the city's hidden gems. The hotel boasts 177 guestrooms, including 18 suites and one impressive Presidential Suite which will provide an unparalleled experience of hospitality. Each room is its own aesthetic universe, celebrating the sheer elegance of pure lines and noble materials with designs that subtly integrate Greek symbols and patterns, whilst its views showcase the vibrant Greek capital in all its glory. Delightful cuisine and charming service are hallmarks of the hotel's restaurants and bars, providing an experience that's both soulful and refined, sparking feelings of warmth in guests and allowing them to form a genuine connection with the city. The MFlavours Main Restaurant will take diners on a journey to the Mediterranean in its refined yet relaxed setting, while the property's Galerie Café on the ground floor will serve as the area's newest and most in-demand urban meeting point; the ultimate hot spot to converge in the beating heart of Athens. The Mappemonde Rooftop Pool Bar is the city's new place to be, sharing its panoramic views of this multifaceted destination from morning until night. It is graced by the most impressive part of the Mappemonde installation, a stunning collection by George Lappas which was created in 1988 and includes 3,000 pieces, most of which are staged along the hotel's atrium area spanning from the 10th floor to the lobby, creating an impressive interactive masterpiece to trigger the curious minds. Every MGallery Hotel Collection stay is enriched with unique storytelling; this is why each one leads its guests on a journey through its own special Iconic Object, an item of great significance to the city, and Memorable Moments, an experience which introduces guests to the distinctive character of the area. At Athens Capital Hotel - MGallery, the Iconic Object is the emblematic Akrokeramon, a show of architectural finesse which graces the city's neoclassical buildings and is symbolic of the hotel's philosophy and unique sense of hospitality. Its Memorable Moment, crafting the traditional Komboloi, is here to draw guests on a journey through time to an authentic Greek workshop, to help foster memories that they will never forget.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
Hotels and destinations need to overcome the initial shock of the Covid-19 pandemic and it's repercussions, and quickly understand the new environment within which they will need to operate. An environment with almost zero bookings, a crashed demand, increased operational costs, health & safety protocols and procedures, closed borders, different sentiments amongst people, different needs and a shortened season that will most probably become less that 80 days and mostly domestic-oriented.
Athens Capital Hotel - MGallery, the new property in the portfolio of Lampsa Hellenic Hotels SA, has announced its opening on September 1, in the center of the Greek capital.
CrossBorderMedCare will be using Bizagi's CoronaPass™ solution to help reinvigorate the hospitality industry in Greece. This important announcement comes as Greece reopens its borders to travellers today. Hospitality, travel, and tourism are among the sectors hardest hit by the stay-at-home measures that were encouraged to slow the spread of COVID-19 across the globe. By some estimates, the industry worldwide is projected to lose $1.2 trillion.
Greece saw 35.3 million international arrivals in 2019 and was forecast to welcome 37.1 million arrivals in 2020 pre-COVID-19. However, the impact of COVID-19 has seen that projection fall to 24.3 million, according to the latest figures from GlobalData, a leading data and analytics company.
In one of our previous articles, we analysed the impact of COVID-19 on hotel occupancy in Athens and Thessaloniki whereas our latest one was an attempt to interpret the different perspectives of Greek hospitality industry experts through targeted interviews that offered further insight on the aspects affecting hotel operations in the short-term. In the process of writing both of these articles two main 'ankyloses' of the local hospitality market came up in a way that was not clearly apparent but, following some additional thoughts, they could explain to a large extent the vulnerability of Greek hotels whose business models were stripped naked due to the outbreak of the COVID-19 pandemic.
The Greek hotel industry is bruising, as it has been forced to a grinding halt. However, even on a dauntless note during such times, the hospitality industry is characterized by its resilience to perform and navigate itself through enhanced novel strategies. Finding itself in an advantageous position compared to other European destinations, Greece has gained positive momentum considering the proactiveness it showed in keeping the virus spread under control.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
Imagine for a minute you are a hotel investor seeking after promising opportunities into developing destinations that you consider they have untapped potential. Looking back at the period 2012-19, Greek tourism was breaking one record after another. Following a nadir of 21 million that was caused to a great extent by the rumors about Greece's potential economic default and the consequent negative publicity accompanied by political instability back in 2012, foreign tourist arrivals have been constantly growing since then at a Compound Annual Growth Rate of 8.4% to reach 37 million in 2019.
Once home to Greek gods and a favorite destination of Jackie Kennedy as well as artists, poets, designers and actors, Mykonos has long been in the spotlight. But the whole story of the island is rarely told. Enter Kalesma. With 25 suites and two villas, the hotel will open on June 1, 2020 to introduce a luxury experience that balances fun and privacy with genuine insider knowledge of off-the-beaten-path sites.
Nestled into a cliffside on the crescent shaped island of Santorini, Nature Eco Residences is set to open early May 2020. Here, near the ancient city of Akrotiri, guests can expect sights of midnight-blue waters from the caldera and sheer lava cliffs layered in multicolored rock, while an experience steeped in human connection further illuminates the natural world. The 15-suite hotel is awash with vintage deco items, earth tones, and handmade furniture while the straight lines, crisp white, and deft curves typical of Santorini architecture are on full display. Rounding out a high-luxe Grecian stay here, a kitchen concept of elevated regional cuisine, a panoramic pool perched on the edge of a cliff, and a social outdoor center which will host multi-disciplined wellness programming.
The Secretary-General of the World Tourism Organization (UNWTO) paid a high-level visit to Greece to meet with the Prime Minister and Minister of Tourism and offer the United Nations' specialized agency's support as the country works to grow and diversify its tourism sector.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
The Sporades are an island complex along the east coast of Central Greece, northeast of the island of Euboea, in the Aegean Sea. They consist of 24 islands, four of which are permanently inhabited, namely Alonnisos, Skiathos, Skopelos and Skyros. Skiathos is the westernmost island in the Sporades group, east of the Pelion peninsula in Magnesia on the mainland, and west of the island of Skopelos.
Far removed from the identikit beach hotels that dot Crete's coastline, Cretan Malia Park is a flora-filled retreat that augments classic Aegean hospitality with a focus on refined luxury and slow-paced living. Owned by the Sbokos family since it opened in the 1980s, the 204-room hotel has recently undergone an extensive renovation program led by Greek architect Vana Pernari, resulting in a unique aesthetic inspired by the colors and textures of the island. Key to the hotel's identity is its commitment to sustainability — a crucial philosophy that informs all aspects of the design and operations. Factor in a fresh, Mediterranean kitchen inspired by Crete's culinary traditions, an organic wellness program that allows guests to commune with the spectacular surroundings, and exquisitely landscaped botanical gardens leading to the sparkling Aegean Sea, and you have a whole new spin on carefree Cretan luxury.
Over 400 delegates gathered at the Hilton Athens this week for the 5th Mediterranean Resort & Hotel Real Estate Forum (MR&H). Hosted by Questex Hospitality Group, MR&H 2019 was the largest gathering of hotel and resort investors, owners and operators - making MR&H the industry's premier mixed use resort and real estate forum.