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Greek hotel industry reports COVID-19 related losses of half a billion to date

Thu, 19 Mar 2020 11:10:00 GMT

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... should not be considered unlikely, GDP was expected to fall by 0.83 percentage points (pps

General govt primary cash surplus at 5.93 bln in Dec, arrears fall by 584 mln

Tue, 06 Feb 2018 10:24:00 GMT

. A 24.9 percent fall in transfers was the main factor behind the decline, as this category went from... by 1.16 billion euros and stood at 79.41 billion euros. This was driven by a combination of a fall... which came to 417 million euros. The figure for 2017 was nearly half that for 2016 (611 million

Hotel industry sees investment in high-end units, but hampered by seasonality

Fri, 21 Feb 2020 11:24:00 GMT

The 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

Hotel guest numbers up 8.7 percent in 2014

Tue, 29 Sep 2015 07:24:00 GMT

represents 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

Special tax structure would benefit hotels and jobs, bank argues

Fri, 17 Aug 2018 06:29:00 GMT

needs 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

Newsletter 74 - 20/05/2016

Fri, 20 May 2016 13:00:00 GMT

-year NPL stock to fall below last year’s level, while anticipating it will also turn profitable..., the queue for underwriting bank IPOs is growing in Italy. The next candidate due to initiate a cash...), the Public Properties Company (ETAD) and the new Public Holdings Company that will hold the state-controlled

Hotel owners sound warning over Thomas Cook revenue losses

Wed, 02 Oct 2019 09:49:00 GMT

impact 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

Newsletter 277 -11/12/2020

Fri, 11 Dec 2020 07:38:00 GMT

) with an annual fall of 880 million euros, bringing the total figure to a surplus of 171 million euros... with an increase of 42 million euros YoY. Overall, the state budget primary balance showed a fall of 14.71 billion... 40.12 billion a year ago. The next largest fall was in sales of non-financial assets with a decline

Newsletter 63 - 19/02/2016

Fri, 19 Feb 2016 14:06:00 GMT

for Ionian Hotel Enterprises, which owns and operates Hilton Athens hotel. Alpha holds a stake... will be ready to compromise and those who refuse to discuss a deal can be singled out as holding extreme... to change that. Consumer price fall accelerates The fall in the Greek Consumer Price Index (CPI

Turnover in tourism drops by 6.5 pct in Q1, reflecting hotel closure impact

Tue, 09 Jun 2020 09:35:00 GMT

-related hotel closures, while the food service index decreased at a slower rate by 1.6 percent