The number hotels and accommodations in the greater Athens area continued to grow over the previous year, despite the ominous repercussions of the Covid-19 pandemic on the hospitality sector.
The increase was more pronounced in the municipality of Athens, and especially in the historic city center, with five-star lodgings up by 17 percent over the past five years. The number of four-star hotels, in the same area, increased by 7 percent, according to released figures. Rooms also increased, 4 and 6 percent, respectively, for five- and four-star hotels.
At the same time, an analysis by GBR Consulting calculates that up to 2,500 rooms are under construction, beyond new units on the design boards and excluding some the roughly 2,500 rooms linked to the Helleniko project in coastal southeast Athens.
All of the aforementioned figures were presented during a joint event on Tuesday by the Athens – Attica & Argosaronic Hotel Association (EXAAA) and the Athens International Airport, where the annual study on the sector in the greater Athens area was presented.
Latest News
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight