Significant investments totaling hundreds of millions of euros are pouring into Crete’s hotel market, attracting both established industry players and leading international hotel chains.
This surge in investment is driven by promising growth prospects fueled by the upcoming Kasteli airport on the eastern side of the island and the development of the northern road axis.
Market trends indicate a widening interest in investment beyond the island’s northern region, extending to the south and east, where many development opportunities still exist.
Moreover, established local hotel chains are opting to collaborate with international brands, amplifying the overall enhancement of the tourism offerings in Crete.
Several new hospitality ventures are slated to debut in Crete’s hotel market this year and beyond.
An indicative example is the InterContinental Resort Crete set to open in 2024, alongside Elios Hill by MK Hotel Collection in Hersonissos, opening in July of the same year.
Furthermore, it was recently announced that Marriott International is partnering with SWOT Hospitality and Vasilakis S.A. to introduce the first JW Marriott on the island, while also launching the “Tribute Portfolio” brand at the Alai Beach Resort in Stalida, undergoing renovation.
Also, Rosewood Hotels & Resorts will enter the Greek market with the Rosewood Blue Palace in Elounda in 2025, and the Imperial Flair Chania Old Town, Curio Collection by Hilton, is another notable investment.
A little further from Chania in Kissamos, the Ikos Kissamos Resort is being prepared, marking the first descent of the Sani/Ikos group on the island, while the Elounda Hills project is progressing in Elounda on the eastern tip of Crete, spearheaded by the Mirum construction group.
Finally, the American investment firm HIG Capital is eyeing investments in Crete, having acquired the Aldiana Club Kreta hotel in Agios Nikolaos and exploring further acquisitions in Rethymno and other regions of Crete.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
![Επιθεώρηση εργασίας: Bonus στους ελεγκτές – Τι θα «σκανάρουν» [πίνακες]](https://www.ot.gr/wp-content/uploads/2024/11/ergasia22-4-2-600x402.jpg)
