Articles tagged Market Report Greece

Foreign residents arriving at the International Airport of Athens increased 11.0% during Q2 2019 compared to the same quarter last year. Performance of April was particularly strong with an increase of 20.5% y-o-y, while May and June recorded single digit growth rates of 9.7% and 6.1% y-o-y respectively. It should be noted that these international arrivals include passengers that are transferring in Athens to other domestic destinations. continue reading →

Occupancy levels at Athenian hotels dropped by 6.8%, while room prices remained at the same level as last year, mainly caused by the expanding accommodation sector. continue reading →

RevPAR of the Athenian hotel sector increased in 2018 by 10% y-o-y, RevPAR in Thessaloniki by 6.1% y-o-y and the Total Revenue per Available Room of the resort hotels in Greece by 10.1%. However, in all three sectors the growth was driven by room rates, as occupancy improved marginally in 2018. continue reading →

The Athenian hotel sector improved its RevPAR with 7.2% y-o-y during Q3 2018, but occupancy levels dropped 1.1% y-o-y continue reading →

RevPAR at Athenian hotels improved 13.2% y-o-y during H1 2018, mainly because of strong improvements of ADR. The 3-star category benefited the least of the surge in demand with an improvement of RevPAR of 6.2% y-o-y during H1 2018. continue reading →

The strong growth path of Athens continues. In Q1 2018 international arrivals increased by a stunning 27.1% y-o-y and RevPAR at Athenian hotels increased by 14.6% y-o-y as a result of both increasing occupancy levels and room rates. continue reading →

Greek Tourism Exceeded Expectations in Terms of International Arrivals In 2017 continue reading →

Changing brand landscape in the Athens hotel market continue reading →

International arrivals at the airport of Athens increased by 4.6% y-o-y during H1 2017. Subsequently, occupancy levels and room rates increased at Athenian hotels, resulting in an improvement of RevPAR of 10.1% y-o-y during H1 2017. continue reading →

The Greek Tourism Confederation is optimistic for 2017 forecasting at least 26 million international tourists, representing an increase of 5% and significantly higher receipts, targeting at € 14.4 billion, an increase of 12.9% y-o-y. We assume that this increase is based on expected changes in the market mix. continue reading →