Since the announcement of the PCR measures for those entering our country, many reservations may have been “frozen” while cancellations of some international events were recorded, however, the optimism for a better year still exists among the hotel agents of the country.
Circles of the Lampsas Group, which controls the emblematic Grande Bretagne Hotel in Syntagma, commenting on the imposition of the PCR test, noted yesterday that the reservations of the first quarter for the 12-month operating hotels and especially the city hotels seem to be negatively affected. However, the same circles added that in general the feeling is obvious that 2022 will be much better than 2021.
The group already forecasts revenue for 2022 at the level of 80-85% of 2019 for the hotels Grande Bretagne
and King George. In 2021 they are expected to close at the levels of 60% of 2019, while for Sheraton Rhodes in 2021 it closed with a performance at 50% of 2019 and for 2022 it is predicted that it will approach the levels of 85% of 2019
The third hotel of the group in Syntagma, the brand new Athens Capital MGallery, has made a very good start, which is the first venture of the hotel giant of Accor for the luxury brand “MGallery”.
It is noted that the group has in the pipeline another investment project in the property owned by e-EFKA, on Zalokosta Street, for which it has bid in the long-term concession tender and intends to create apartments-suites there, a market that shows a significant increase.
Finally, very good performance for both this year that closes and for next year have been presented by the group’s units in Belgrade with the prospect of recovering the performance of 2019 at a rate of 80% to 90% for 2022, while this year the lag was close at 35%.
Latest News
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
Greek Energy Minister Skylakakis Announces Subsidies to Mitigate Electricity Prices
“When prices exceed a certain threshold, we intervene,” said Skylakakis
Mitsotakis: Greece is a Beacon of Stability in an Unstable World
Greek Prime Minister Kyriakos Mitsotakis described Greece as a "beacon of stability in an unstable world" following the Epiphany water blessing ceremony at Dexameni Square in Athens.