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 socioeconomic developments.
Radisson Blu, the iconic hotel brand driven by innovation and design, is proudly announcing the opening of their second hotel in Greece. Located on the northern seaside of the largest and mythical Greek island, Crete, the Radisson Blu Beach Resort, Milatos Crete is a picturesque getaway and a true oasis on the Emerald Bay of Milatos.
Leading leisure travel tour operator Thomas Cook is introducing its new “Casa Cook” brand of lifestyle beach resorts to the world from Rhodes, Greece on May 1, as Tornos News (www.tornosnews.com) reported on October 29, 2015 and the group's chief marketing officer, Remo Masala officially announced to Greek journalists in Athens today.
In an exclusive interview to Tornos News (www.tornosnews.com) Mr. Masala described Casa Cook's launching as "the hottest hotel opening in the Mediterranean" and disclosed that most Greek destinations are already performing satisfactorily during 2016, according to the official data that listed Thomas Cook company will announce in the following days.
Athens-Attica & Argosaronic Hotel Association (AHA) announced that Athens hotels have been seeing their occupancy numbers deteriorating from last fall till February 2016.
Numerous destinations and hotels in Greece won significant distinctions at the world's leading travel magazine Conde Nast Traveller Russian Edition Readers Choice 2015 awards.
UNWTO Secretary-General Taleb Rifai has expressed the confidence of the Organization in the continued growth of the tourism sector in Greece. In 2015, international tourist arrivals to Greece grew by 7% to reach 23.6 million, while exports generated by the sector increased by 6% to euro 14.2 billion.
The new study of PwC Greece "Hospitality Invetsment Strategies in Greece" provides an in depth analysis of the hospitality industry and suggests three strategies for development. Greece is a significant global tourist destination and its direct contribution to the country's GDP exceeds 7%. The hospitality industry has been growing fast and systematically in the last three years, but it is not particularly internationally competitive, mainly due to price.
This article 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 socioeconomic developments.
2016 brings with it the opening of the extraordinary Miraggio Thermal Spa & Resort, set to be this year's most exciting new addition to the world of wellness and luxury. Promising to be one of the world's top thermal spa resorts and Greece's first thermae retreat, Miraggio Thermal Spa & Resort is perched majestically at the southernmost up of the Kassandra peninsula in Halkidiki, surrounded by the turquoise waters of the Aegean, and rests on a long stretch of sandy white beach.
Thomas Cook continues to grow its impressive concept hotel portfolio with the launch of Casa Cook Rhodes, Greece due to open in May 2016. The ninety room boutique property will be located in the beautiful hillsides of Kolymbia and is tailored for those in search of a stylish home away from home.
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 socioeconomic developments
From the end of June until the Euro summit of the of July 12, the Greek tourism sector saw a significant drop in late bookings, particularly from Germany. However, as many trips had been booked long before and deposits are usually not refunded following a cancelation, the impact has been limited. Today with easing fears of capital controls as cash withdrawals do not affect foreign bank card holders, hotel bookings are recovering and tour operators and airlines mention that their reservations are showing renewed energy showing mild increases overall compared to last year. Turkey's recent involvement in the war against IS and the terrorist attack in a beach hotel in Tunisia could also be of influence.
An hour west of Athens, the pebbly beaches by turquoise waters and pine-covered mountains are nearly empty as the Greek sunbathers who normally pack them stay home amid fears their country’s economy could implode. Only a few dozen people sit down for a fresh grilled seafood lunch at the beachside restaurant Mary Cromba has owned for 15 years in the tiny village of Psatha. That’s down from the hundreds she served most days last year in July. Now beachgoers on day trips from the capital find parking spaces easily and haul their own food in coolers.
Over the weekend I decided to plan a big, belated birthday trip, and the world really is my oyster. I have no one else to compromise with on destination or accommodations. My inspiration was a Travel & Leisure article about inexpensive flights, including flights from NY to Milan. This, of course, led to a lot of flitting around the internet researching the many different destinations I might enjoy, and now here I am researching a trip to Skiathos, Greece and weighing all the pro's and con's of the political situation alongside getting to check the Greek Isles off my travel bucket list.
This article provides an overview of the luxury tourism mixed-use developments and vacation homes market in Greece. We provide information regarding pricing and the background of the market, as well as a brief overview of legislation relevant to this market in Greece. The prices mentioned in this article cover a selection of properties based on certain characteristics that we deem important for a property to belong in the luxury segment. All information mentioned in the article is indicative and should not be used in the stead of actual market research by an interested party.
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 main airports of Greece increased by 1.6 mn up to September 2014, representing an increase of 14.3%. The main contributor is Athens, as the city received 600,000 international tourists more than last year up to September; an increase of 28.3% and thus recovering –in terms of arrivals- in one year a decline of 5 years. The Athens Hotel Association, the Athens International Airport, Aegean Airlines and Marketing Greece are working together to further improve the city's performance.
Both cities were amongst the best performing markets in Europe in September, achieving impressive year-on-year increases in gross operating profit per available room (GOPPAR) by 71.0% and 44.5% respectively, according to the latest data from HotStats.
In the first half of 2014 1.4 million international tourists arrived at the Athens by plane, 350,000 more than in the same period last year, an increase of +32.8%. We estimate that this increase translates into an additional 198,000 arrivals / 290,000 room nights / 435,000 overnight stays of international tourists at Athens' hotels. The total economic impact of this increase in H1 is estimated at € 98.8 million. As a consequence occupancy levels increased significantly – reaching 90% in June – but room rates increased only moderately at almost 5%. ARRs are still 17% below the levels of 2007 – 2008 and also compared to other Mediterranean capitals, the Athens hotel sector remains one of the cheapest.
SETE Tourism Confederation, Greece's largest and most important hospitality association, has signed a strategic partnership with ReviewPro, the leading provider of online reputation and social media analytics for the hotel industry.