International arrivals at the main airports increased by 12.9% y-o-y. The airport of Athens received in 2018 an addition of 930,000 international travellers, reaching a total of 5.7 million, an increase of 19.4% y-o-y. International arrivals at the airport of Thessaloniki increased by 12.3% y-o-y in 2018.
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.
RevPAR in the South of Europe overall improved by 2.5% y-o-y in 2018, while Rome and Madrid improved their RevPAR levels with 5.0% and 4.6% y-o-y respectively in 2018. Madrid had a particularly strong Q4 2018 with the CPhI Worldwide pharmaceutical conference, held in the period of 9 - 11 October, attracting more than 45,000 pharma professionals from around the globe and more than 2,500 international exhibitors.
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