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Greek Hotel Sector Sees Growth, Athens’ Five-stars in the Lead

Financial indicators are pointing to growth in the Greek hotel sector with Athens hospitality units gaining some lost ground.

Greece Hospitality Tax to Hamper Small Hotel Upgrades

A new accommodation tax set to take effect next year is expected to put a damper on plans by smaller hotel units to renovate or upgrade.
Posted On 28 Jul 2017

Greek Hospitality Sector Welcomes New Hotels

The hospitality sector in Greece this year is welcoming the opening of new hotels in Athens and in different parts of the country.
Posted On 18 Jul 2017

Property Experts See Potential in Greek Hotel Sector

A number of important deals were completed last year in the Greek hotel industry, while more international firms are looking into doing business in the country, according to a report.

Mitsis Hotels Announces Sofitel Athens Upgrade, Expansion to Mykonos

The Sofitel Athens Airport hotel is set to undergo extensive modernization works in the upcoming period, Mitsis Hotels & Resorts announced recently.
Posted On 13 Feb 2017

Six Greek Hotels Go Under, Now in the Hands of Eurobank

Unable to pay off their loans, six Greek hotels are now in the hands of Eurobank, the group’s Head of Group Corporate & Investment Banking, Konstantinos Vassiliou, said this week.
Posted On 20 Oct 2016

Athens Ledra Hotel Announces Closure

ASTY S.A., the owning company of the central Athens Ledra Hotel, announced the closure of the 314-room establishment, as of Tuesday, May 31.
Posted On 31 May 2016

Greek Hotel Sector Lends Growth a Helping Hand

The Greek hospitality sector has emerged as a driving force of the country’s economy, according to the latest ICAP Group Economic Research Department study.