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Hotel industry sees investment in high-end units, but hampered by seasonality
EconomyFeaturesThe Greek hotel sector reported strong performance in 2019 as revenues rose by 7.3 percent year... on the latest available data from 2018, the HCH showed that hotels and hotel chains captured... of stays and 5.4 percent of revenue). In 2019, a total of 9,971 hotel units were registered in Greece
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Hotel guest numbers up 8.7 percent in 2014
Economyrepresents an increase of 4 million on 2013, pushing hotel bed occupancy up from 45.2 to 47.3 percent... – that is, someone who has lived for at least a year in Greece, regardless of nationality. Their share of hotel... of nights). Of these countries, the biggest increases in hotel arrivals were recorded for the US
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Hotel owners sound warning over Thomas Cook revenue losses
EconomyFeaturesimpact of the collapse of Thomas Cook on the Greek hotel sector. The president of the HCH, Alexandros Vassilikos, warned that no Greek hotel would be left unaffected by the demise of the British... at 516 million euros for the hotel industry, and 929 million for the wider industry. When the tourism
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Special tax structure would benefit hotels and jobs, bank argues
EconomyFeaturesneeds to be aware of when considering the acquisition, holding and divestment of a hotel business... percent corporate income tax Foreign or domestic entities holding a hotel in Greece are exempt from... on the tourism industry and the job creation it entails, the bulletin notes that in 2017, the hotel
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PM warns Covid threat remains as 'wall of immunity' still being built
PoliticsGreek Politicsadmitted that Greece has not yet built the “wall of immunity” it would like even though it is now
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Greek hotel industry reports COVID-19 related losses of half a billion to date
EconomyFeaturesThe Hellenic Chamber of Hotels (HCH) has released a survey showing the first estimations of the impact on Greece’s hotel industry due to the coronavirus epidemic. The survey was carried out... will directly threaten 38,234 jobs, which represents 20.5 percent of total hotel employment unless
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Turnover in tourism drops by 6.5 pct in Q1, reflecting hotel closure impact
EconomyMacroeconomy-related hotel closures, while the food service index decreased at a slower rate by 1.6 percent
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Hotel and catering jobs propel May hiring balance to new record
EconomyMacroeconomy, followed by cooks with 19,294 and hotel cleaners with 11,172. For the first five months of 2024
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Holding out for a (reformist) hero
Agorapotential miracle worker, or “Harvard-educated free-market reformer”, as the Wall Street Journal... bureaucracy and weak political will have to be overcome. The Wall Street Journal writes... holding out hope that a reformist white knight would emerge from the political morass and ride
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Media
No image availableSeveral far right parties have unexpectedly entered the Greek parliament 25/06/23 The Wall Street... Greek elections: Rail tragedy hangs over vote dominated by dynasties 19/05/23 The Wall Street Journal... 2020 11/09/20 The Wall Street Journal Second Night of Fires Destroys Remains of Greek Refugee Camp
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