The Greek Deal.com
GREEK HOTEL MARKET
Occupancy up 1.6% in ten months in Athens region
An increase in demand of 2.2% was recorded in October for the first time after a five-month period with a negative sign in the occupancy rate of Athens hotels, compared to the corresponding month of 2023, thus setting a positive sign for the 10-month period of 2024 (+1.6%).
Project enters a new phase
The Elounda Hills residential project enters a new phase, as the €700 million investment in Crete has received the official approval of the Greek state. The development lights the green light for the implementation works, based on the schedule and initial design.
Further development in Greece
Wyndham Hotels & Resorts' plans for its further development in Greece were mentioned by senior executives of the company, among others, on the occasion of their upcoming participation as speakers at the R&R 2024 forum.
Prices up 8.1% and occupancy down for the 5th consecutive month in Athens
For the fifth consecutive month, the occupancy rate of Athens hotels decreased. Compared to the corresponding month of 2023, total hotel demand decreased by 1.2%, according to data from the Athens, Attica and Argosaronic Hotels Association.
Growth 9% and net profit €9 million in the first half of the year
The upward trend of Lampsa continued during the first half of 2024 due to the significant recovery of the tourism product.
Small and medium hotels adapting to new challenges
The country's hotels seem to be ready for the new preferences of tourists, in a year when tourism is heading towards a new record, with arrivals estimated at 36 million for the whole year.
At 75.5% the average occupancy rate in Athens hotels in the first half of the year
The average occupancy rate for the first half of 2024 in Athens hotels did not exceed 75.5% compared to 72.9% in 2023, and the positive change recorded corresponds to 3.5% compared to the first half of 2023, according to a statement from the Hellenic Chamber of Hotels.
Jann Kaiser is the new General Manager
Jann Kaiser, who was the hotel manager at the Four Seasons Astir Palace Hotel in Athens, has been promoted to general manager.
Agreement with Oikos Property Developments Group
A collaboration agreement has been signed by Wyndham Hotel & Resorts and Oikos Property Developments to establish the first Wyndham Ramada Residences in Greece.
Reassess investment strategy in Athens
The Radisson Hotel Group is reportedly seeking a buyer for the unit it has developed on Mitropoleos Street