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  1. Newsletter 253 -12/06/2020

    Newsletters

    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

    16%

  2. Tourism sector struggles as it prepares for full reopening in July
    Photo by MacroPolis

    PoliticsGreek Politics

    by 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

    16%

  3. Greek union data suggest workers get paid late or in kind

    Society

    is up to 13 months. One in two hotel companies that operate for the whole year is said... or other products. In other cases, payment in kind may mean “free” hotel accommodation or daily meals

    14%

  4. Greece moves closer to troika over fiscal gap, waits for response
    Photo by MacroPolis

    EconomyProgramme

    citing government sources indicate that the key measures relate to increasing the VAT rate on hotel... that the resulting higher cost for hotel services from the rise of VAT to 13 percent would lead to 2.6 million

    14%

  5. Accommodation and food services index up 7.6 pct in Q3
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    , the recent government proposal to double the hotel VAT rate to 13 percent, aligning... results. Responding to the ministry’s proposal, SETE underlined that the higher cost for hotel services

    14%

  6. Greek travel receipts continued upward course in October, rising by 4.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    fiscal gap of 2.5 billion - to double the hotel VAT rate to 13 percent, aligning... negative effects are only temporal. In contrast, SETE stressed that the higher cost for hotel services

    14%

  7. Proposed VAT overhaul a stepping stone towards agreement with lenders?

    EconomyProgramme

    currently two main VAT rates at 13 and 23 percent and a lower rate of 6.5 percent for hotel... on hotel accommodation since prices would be set for an 8 percent increase. Smaller price increases

    14%

  8. Greece close to agreement that would unlock sale of Astir Vouliagmenis

    Economy

    hotel (85.35 percent owned by NBG) and the Vouliagmeni marina (fully owned by Astir Palace) with the total size of the hotel complex at 120,000 square meters. Market sources indicate that NBG would

    14%

  9. Newsletter 63 - 19/02/2016

    Newsletters

    for Ionian Hotel Enterprises, which owns and operates Hilton Athens hotel. Alpha holds a stake

    14%

  10. Greek tourism: Hopeful yet uncertain for 2016
    Photo by MacroPolis

    EconomyFeatures

    . The Lesvos Hoteliers’ Association reported in February that hotel bookings on the island were down... hike from 23 to 24 percent and a levy on overnight hotel stays. With the tourism season proper set

    14%