Greek hotel turnover in 2021 came to 3.8 billion euros demonstrating the hospitality sector’s contribution to the economy despite Covid-19, a report released by the Foundation for Economic & Industrial Research (IOBE) found. According to IOBE data presented on the sidelines of the “#stirizo_HoReCa alliance” (Support HoReCa Alliance) event, the hospitality and F&B
MarBella Elix. Photo source: MarBella Collection / Copyright : Heinz Troll The MarBella Collection Hotel Group is further expanding its activities in the Greek hospitality sector through a 40-million-euro investment program for the period 2022-2025. The group has announced the creation of a brand new hotel unit on Corfu, with a capacity of up to […]
Little Venice, Mykonos island. Hospitality service providers in Greece saw turnover rise by 118.3 percent in 2021 over a year earlier with the popular island of Mykonos leading the way, according to the annual report released by the Hellenic Statistical Authority (ELSTAT). The Regional Unit of Mykonos recorded the largest increase in 2021 where turnover […]
The White Tower in Thessaloniki. Photo source: @Thessaloniki Hotels Association Tourism flows to Thessaloniki, Greece’s second largest city, picked up in 2021 with the number of overnight stays increasing by 50.63 percent over 2020 but still down by 55.02 percent against pre-pandemic 2019 levels, the Thessaloniki Hotels Association (THA) said on Wednesday. A total of
The ongoing pandemic and the persistent Omicron variant is pushing Greek hoteliers to their limits, with hospitality professionals expecting 2022 to be one more challenging year. “Greek hotels will need up to five years to recover since the start of the pandemic,” said Hellenic Federation of Hoteliers (POX) President Grigoris Tasios this week. Tasios said Greek […]
Businesses offering accommodation services in Greece saw turnover increase by 166.9 percent in November 2021 compared to the same month in 2020 gaining from the extension of the tourism season, the Hellenic Statistical Authority (ELSTAT) said this week. More specifically, according to ELSTAT’s monthly report, turnover in November 2021 for enterprises active in
Strong tourism performance helped Greece’s economy rebound in the third quarter (Q3) of the year despite the ongoing Covid-19 pandemic, with the gross domestic product (GDP) increasing by 2.7 percent over Q2 2021 and up by 13.4 percent over Q3 2020, according to provisional data released on Monday by the Hellenic Statistical Authority (ELSTAT). Greece’s […]
Despite the persisting Covid-19 pandemic, hotels and restaurants in Greece saw turnover make a strong recovery in September and in the third quarter (Q3) of the year compared to 2020, according to data released by the Hellenic Statistical Authority (ELSTAT). More specifically, enterprises active in accommodation reported a 125.9 percent increase in Q3 turnover to […]
Hotels in Greece’s two largest cities, Athens and Thessaloniki, were among the hardest hit from Covid-19, managing to recover 39 percent of pre-pandemic overnight stay levels from January to September with resorts achieving higher total revenue per occupied room, according to a report released this week by GBR Consulting. More specifically, according to the GBR
Greek accommodation enterprises were back on track in July, recording nearly 1 billion euros in turnover – quadruple 2020 levels, according to monthly data released by the Hellenic Statistical Authority (ELSTAT). F&B services providers also welcomed an increase in revenue in July driven by strong inbound tourist flows. More specifically, July 2021 turnover

















