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Greece's latest tourism industry news by Greek Travel Pages (gtp)

Athens Not So Expensive After All

Athens may not be among the most expensive cities in the world but it is a middle-ranking one, according to the recent study “Prices and Earnings-2009 edition” published by Swiss banking group UBS. The study compared the purchasing power of citizens in 73 cities around the globe.

The study, which included price and wage comparison and reviewed domestic purchasing power, ranked Athens in 36th place in terms of expensiveness.

In the price comparison category of restaurant and hotel prices, the study showed that the average visitor (tourist) of Athens would pay $310 (global average price) for an overnight stay in a luxury hotel including breakfast and service charges.

Athens was on the same level of Madrid but slightly more expensive than Istanbul ($300).

However, an overnight stay in a 3-star hotel in Athens would amount to $110 while the average cost worldwide is $135. In Madrid the cost amounts to $140 while Istanbul is far cheaper as the price drops to $100.

The cost of a short city break in Athens for two has been calculated at $600 that is cheaper than the average, which reaches $650 (Madrid-$690 and Istanbul-$560).

Taxi rides in Athens also turn out much cheaper as for a daytime route of five kilometers in the city, cab drivers charge an average $9.1 while Athenians are only charged $3.9.

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About the Author
Nikos is Greek-American born in New York, USA, and has lived in Greece for over 30 years. He is the managing editor of Greece's leading monthly travel and tourism guide, the Greek Travel Pages (GTP) since June 2008 and of news site GTP Headlines since its launch in September 2012. Nikos has also served as international press officer for the City of Athens and for the mayor. He has a degree in Mass Media and Communications, specializing in Journalism. Nikos is a native English speaker and speaks Greek fluently.

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