Market Report Greece
GBR Consulting Reports Greek Hospitality Industry Performance 4th Quarter 2023
The recovery of occupancy levels at Athenian hotels stalled in 2023 with demand for Athens at record levels. Room rates, however, increased significantly as from June 2022. YTD Dec 2023/19 occupancy declined 1.5%, while ADR improved by 29% and as a result RevPAR increased by 27%.