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Newsletter 222 -04/10/2019
to a convergence in the future. Athens looks to overcome APS snags Hotel owners sound warning over... Chamber of Hotels (HCH) who outlined the immediate impact on the Greek hotel sector. Alexandros Vassilikos, warned that no Greek hotel would be left unaffected by the demise of the British travel giant
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Covid-19 impact on tourism sector set to be extensive, report suggests
EconomyFeatures. Domestic flight spending is expected to drop by 79 percent and spending on hotel and resort stays... on domestic flights. Spending on hotel and resort stays is expected to fall by 79 percent. In addition... hotel industry. It showed that 65 percent of year-round hotels and 52 percent of seasonal hotels felt
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Hoteliers staring at big drop in turnover as liquidity calls grow
EconomyFeaturesof the coronavirus pandemic on the country’s hotel industry, which shows that the hotel market has shown... being a brake on hotel results.” He added that goal for 2020 now remained to salvage what could... as the available funds were not reaching the hotel industry fast enough.
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New fiscal measures aim to edge Greece closer to deal with lenders
EconomyMacroeconomyof 6.5 percent for hotel accommodation, medicines, books,newspapers, magazines and theatre. In addition.... However, if the reduced VAT rate on hotel accommodation of 6.5 percent is to be abolished, the MoF would reconsider imposing this new tax as the impact on hotel accommodation could be significant. 7
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Greece seeks to finalise 1 pct of GDP in new tax measures to close review
EconomyMacroeconomyeuros. 3) A levy on hotel stays of 1-5 euros per night, according to the hotel’s category... rates or for not increasing the hotel VAT from 6.5 to 13 percent. 4) Increase in the excise tax
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No imminent decision on pension cuts as Athens moves ahead with minimum wage increase
EconomyProgrammethat will lead to the extension of the sectoral labour contract for hotel workers to cover all the employees in the field. The new contract is compulsory for all hotel employees and foresees a 1.5 percent rise... increase of 1.5 percent in 2019. According to reports, there are 114,000 workers in the hotel sector
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Newsletter 244 -20/03/2020
countries in the curve. Thousands of businesses affected by Covid-19 Hotel industry reports coronavirus... (HCH) has released a survey showing the first estimations of the impact on Greece’s hotel industry due... will directly threaten 38,234 jobs, which represents 20.5 percent of total hotel employment unless immediate
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Newsletter 253 -12/06/2020
sharp decline in hotel activity By activity, the accommodation index fell by 22.1 percent YoY in Q1, reflecting coronavirus-related hotel closures. The turnover index in accommodation and food services... by 22.1 percent YoY in Q1, led by coronavirus-related hotel closures, while the food service index
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Tourism sector struggles as it prepares for full reopening in July
PoliticsGreek Politicsby the story of the 9-year-old daughter of an unemployed hotel worker in Rhodes apparently fainting... dependent on seasonal tourism. Commenting on the story on ERT TV, the president of the hotel... that up to 40,000 workers in hotel and catering on the island are unemployed, while just 15 percent
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Refugee influx pushes Tsipras towards crisis nexus
Agora. In comments to the Wall Street Journal between a multitude of appearances at the sidelines of the United... indicated in his comments to the Wall Street Journal. The European Union has also had somewhat
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