Study: Number, Size of Greek Hotels on the Rise

Resorts are popping up in Greece with their dynamic marking a 52 p.c enhance between 1990 and 2015, in line with analysis outcomes introduced by the Institute for Tourism Analysis and Forecasts (ITEP) in Athens, on Wednesday.

Titled “Developments in International and Greek Tourism”, the examine targeted largely on the hospitality sector, revealing a 19 p.c rise within the common variety of rooms, whereas the variety of five-star items elevated by 486 p.c with the capability of four- and five-star accommodations coming to 41 p.c of the full resort capability, anticipated to achieve 48-50 p.c by 2020.

Greek accommodations on common have 42 rooms, with 80 p.c having fewer than 50 rooms. The examine findings additional reveal that 36.5 p.c of Greece’s accommodations cost much less that 40 euros per keep in Might 2015, with the speed dropping to 14.5 p.c in August 2015, throughout peak season.

Solely 5 p.c of the full variety of accommodations cost greater than 100 euros final Might, dropping to 14 p.c in August.

Girls, in the meantime, make up the biggest a part of the work power at 57-58 p.c of the full, with the determine reaching 90 p.c in decrease class accommodations.

With regard to Greek vacationers, Financial institution of Greece analysis reveals a 2 p.c drop in 2015 common spending per journey.

Seasonality stays a serious downside for the sector.