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Morgan Stanley Says Airbnb Momentum in US, Europe Slowing Down

Airbnb’s penetration rate in Europe and the US appears to be slowing down, according to Morgan Stanley’s annual AlphaWise survey.

Athens’ Historic King George Hotel Goes to Lampsa SA

Eurobank has accepted the pre-emption right of Lampsa SA for the acquisition of the five-star King George Hotel for 43 million euros.

Four Seasons Astir Palace Hotel Athens Aiming for Spring 2018 Opening

The multi-million-euro revamp of the Astir Palace will proceed according to schedule with plans to open its doors to the public in spring next year.

Greece Preparing E-platform for Short-term Accommodation Rentals

Airbnb-style hosts in Greece will be required to register their properties on e-platform to take effect in immediate future or face steep fines.

Central Athens Neighborhoods Top Airbnb Choice

The historic center of Athens and surrounding districts are the areas with the highest concentration of apartments being leased out short term.

Greece’s Public Revenue Authority to Decide on Short-Term Rentals

Greece's Independent Authority for Public Revenue is to decide on a series of details with regard to a December 2016 law regulating short-term rentals.

Astir Palace Project Moves a Step Ahead After Minister’s Approval

Greek Culture Minister Lydia Koniordou has approved the investment plan and the environmental impact study for the overhaul of Astir Palace in Vouliagmeni.

King George Hotel Owner Set to Be Announced

The new operator of Athens’ King George hotel currently run by Greek hotels group Lampsa SA is set to be announced in the next two weeks.

Greek Archaeological Council Gives Asteras Vouliagmeni Clearance

Greece's archaeological council has approved environmental impact studies submitted for the development of the Asteras peninsula in Vouliagmeni.
Posted On 12 Oct 2017

Public Revenue Authority Launches More Probes into Greek Hotels

In efforts to curb tax evasion, Greece’s Independent Authority for Public Revenue (AADE) said it was reinforcing inspections at hotel businesses across the country.

Greek September Sees Hotel Rates Rise

Hotel rates at popular destinations across Greece have increased by 22 percent for the month of September, according to a Trivago report.

‘Sweet Summer’ for Airbnb, Emerging as Top Choice for Tourists

All the more travelers are opting for short stay accommodation in private homes, according to data released recently by hospitality platform Airbnb.

Greek Hotel Group Lampsa Eyes Central Athens Ventures

Greek hotels group Lampsa SA is expecting in the immediate future the go-ahead via competitions for two projects in the heart of Athens.
Posted On 31 Aug 2017

Five-star Tax Dodgers Uncovered by Greek Revenue Inspectors

Greek tax inspectors recently proceeded with checks to over 700 accommodation facilities, including five-star hotels and rooms to let, throughout Greece.
Posted On 17 Aug 2017

Greece Hotels Under Public Revenue Authority Scrutiny

Greece's independent Authority for Public Revenue said it would begin inspections of hotel businesses across the country in efforts to curb tax evasion.
Posted On 28 Jul 2017

Levy on Short-term Rentals to Boost Greek State Coffers by €48 million

Annual income earned from Airbnb-style rentals is set to be taxed up to 45 percent, boosting state coffers by some 48 million euros in 2018.
Posted On 25 Jul 2017

Which Greek Tourism Businesses are Eligible for Subsidies

Investors seeking to launch tourism businesses can benefit from subsidies of up to 200,000 euros, as part of a a new NSRF program.

SETKE: June Bookings Down for Greece’s Small Accommodation Facilities

Small tourism accommodation facilities in Greece recorded a decline in bookings and overnight stays for the month of June.

Greek Hoteliers Call for Gov’t to Reconsider ‘Stayover Tax’ Before 2018

The Hellenic Federation of Hoteliers (POX) has requested for the government to more closely examine the impact a new levy will have on Greek accommodation.
Posted On 29 Jun 2017

Greece’s Lampsa Teams Up with AccorHotels for Mercure Belgrade Excelsior

Athens-based hotels group Lampsa SA is teaming up with Orbis Hotel Group - AccorHotels for the opening in Serbia of Mercure Belgrade Excelsior in September, the company announced this week.
Posted On 22 Jun 2017