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...
Aria Hotels, a specialist in authentic Greek hospitality in the country's lesser-known hideaways has added the Elatos Resort & Health Club to its collection of boutique hotels and villas. Elatos is a hidden gem just over two hours from Athens on Greece's Mount Parnassos offering quiet, relaxed skiing in winter and glorious hiking, mountain biking and other country pursuits all year round. In the coming months the hotel will undergo a number of improvements and upgrades which should be completed by December 2013.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announces the internationally-renowned King George hotel in Athens joins The Luxury Collection portfolio following a three-month renovation. Owned by Lampsa Hellenic Hotels S.A., King George, a Luxury Collection Hotel, Athens has been redesigned for a new generation of luxury travelers, offering discreet and personalized service in the iconic Greek capital. With this opening, Starwood expands its footprint in Greece where it now operates 11 hotels and resorts, including eight under The Luxury Collection brand.
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.
With the summer holidays drawing close, hotel comparison website www.trivago.co.uk has ranked Mediterranean beach destinations according to the reputation of their hotels. The reputation percentage is calculated from over 34 million user ratings and reviews compiled from over 160 booking sites. Included in the ranking are destinations with over 5000 aggregated reviews.
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...
VOILA Hotel Rewards (www.voilahotels.com) today announced the expansion of its network with the addition of Xenia Villas (www.xeniavillas.gr) inGreece. This recent addition is another step in the company's focused strategy to increase VOILA Hotel Rewards presence worldwide. The Greek word "Xenia" translates to "hospitality shown to strangers" and that's precisely what guests enjoy while staying at the privately owned chain of luxurious villas with private swimming pools. Starting now, VOILA members can earn points and exchange them for stays at any of 16 Xenia Villas worldwide in Greece.
Starwood Hotels & Resorts Worldwide announced that the internationally-renowned King George Hotel in Athens will join The Luxury Collection Hotels & Resorts’ ensemble of the world’s finest hotels. In partnership with Lampsa Hellenic Hotels S.A, Starwood will open King George, a Luxury Collection Hotel, Athens later this year. The opening will mark The Luxury Collection’s eighth hotel in Greece, reinforcing the brand’s global growth as it remains on track to surpass 90 hotels by 2016.
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.
A large chunk of hotels in Greece are being forced to sell, with values expected to drop drastically according to experts at the recent 13th Greek Prodexpo conference on property held in Athens. Banks will need to write off bad debts, freeing up hotel real estate to be purchased by foreign investors, funds and private equity firms. "The real challenge for investors will be choosing optimal opportunities, such as prime hotel assets and good value properties in high potential markets. As such, hotel valuation methods will come under scrutiny, and at the same time be the key to making the right purchase," says Senior Consultant Market Feasibility Studies and Valuations, MKG Hospitality, Colette Ambiehl who was speaking at the event.
After the difficult year of 2010 and the strong recovery in 2011, the Greek tourism industry as a whole showed signs of stabilisation in 2012. Considering the constant stream of negative news from Greece, this can be evaluated as positive. However, there are major regional differences. With respect to arrivals YTD September, Athens suffered most with a decline of 11.9%. On the other hand, Thessaloniki saw an increase in the number of international arrivals with 7.4%, while the rest of Greece stabilized in Q3 with the same number of arrivals as Q3 2011. In this segment we see the Dodecanese islands of Rhodes and Kos declining, the Ionian islands of Corfu, Zakinthos and Kefalonia increasing and Crete and Cyclades stabilising.
Greece has left a difficult second quarter behind with a first round of elections on May 6th 2012 and a second round on June 17th2012, after which a coalition government was formed headed by Mr. Antonis Samaras, leader of the New Democracy party. Mainly due to the continuing political and economic uncertainty around Greece in the second quarter, international arrivals declined 4.6% overall comparing the first six months of 2012 and 2011. Athens showed the biggest drop of all international airports in Greece of 15.1%, while Thessaloniki saw their international arrivals increasing with 7.0%.
This newsletter provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. The hotel performance data is complemented by data from other sources so as to place the Greek hospitality industry in the context of Greek tourism and of the International Hospitality Industry. Finally, the outlook of the industry, as seen by hoteliers themselves, is given.
This newsletter provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. The hotel performance data is complemented by data from other sources so as to place the Greek hospitality industry in the context of Greek tourism and of the International Hospitality Industry. Finally, the outlook of the industry, as seen by hoteliers themselves, is given.
The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces the Radisson Blu Hotel, Athens: The existing Athens Park Hotel will be rebranded as Radisson Blu Park Hotel Athens by mid December 2011. The property featuring 152 rooms is Rezidor's very first hotel in Greece - the company is now present in 65 countries across Europe, Middle East and Africa.
VingCard Elsafe, the global leader in hospitality security and part of the ASSA ABLOY Group, has completed installation of its Signature RFID contactless electronic door locks and VISION access management system at a pair of luxury Starwood Hotels & Resorts Worldwide properties in Greece. The 321-room The Romanos, A Luxury Collection Resort, and the 445-room The Westin Resort Costa Navarino opened last year as two of the most decadent properties of the Peloponnese region.
This newsletter provides a snapshot of the performance of Greek hotels based on a sample of more than hotels & resorts in Greece. The hotel performance data is complemented by data from other sources so as to place the Greek hospitality industry in the context of Greek tourism and of the International Hospitality Industry. Finally, the outlook of the industry, as seen by hoteliers themselves, is given.
This article provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. The hotel performance data is complemented by data from other sources so as to place the Greek hospitality industry in the context of Greek tourism and of the International Hospitality Industry. Finally, the outlook of the industry, as seen by hoteliers themselves, is given.
This article provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. The hotel performance data is complemented by data from other sources so as to place the Greek hospitality industry in the context of Greek tourism and of the International Hospitality Industry. Finally, the outlook of the industry, as seen by hoteliers themselves, is given.
This newsletter provides a snapshot of the evolution of the performance of Greek hotels, based on a sample of approximately 180 hotels & resorts in Greece. The hotel performance data is compared with data regarding international arrivals in Greece as well as international hotel data, so as to place the Greek hospitality industry in the context of Greek tourism and of the International Hospitality Industry. Finally, a topic of special importance to the hospitality industry will be presented each time.