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Covid-19 Drives Thessaloniki Hotel Stays Down by 1m in 8 Months

Photo Source: @Thessaloniki Hoteliers Association

The outbreak of Covid-19 has cost Thessaloniki hotels more than 1.05 million overnight stays in the first eight months of 2020, a decline of nearly 80 percent, according to data released this week by the Thessaloniki Hotels Association.

More specifically, the northern port city saw the number of overnight stays at its hotels drop by 1,055,650 compared to the same eight-month period last year.

In total, over the January-October 2020 period, hotels recorded 532,016 overnight stays against 1,587,666 in 2019, reflecting the impact of the coronavirus pandemic on the city’s accommodation sector.

Overall, the coronavirus health crisis deterred travelers from all of Thessaloniki’s key source markets leading to a 78.78 percent drop in incoming visitors and 189,605 overnight stays in total for the eight months.

Thessaloniki Greece. Photo Source: Visit Greece / H. Kakarouhas

The largest decline in the number of overnight stays concerned Greek travelers down by 50.66 percent to 342,411 compared to 694,006 in the January-October period 2019.

Thessaloniki hoteliers admit that domestic tourism supported local sector activity accounting for 64.36 percent of total overnight stays in the period under review.

The number of Cypriot travelers to the city recorded the largest drop with 21,931 overnight stays against 80,019 in the January-October period in 2019, down by 75.59 percent.

In terms of foreign visitors, the number of overnight stays by Israel nationals plummeted by 94.66 percent from 128,620 last year to 6,868 in the eight-month period 2020 sending the country 11th from number 1 on the list of major source markets. The number of overnight stays dropped by 91.70 percent by Australians and by 89.65 percent by travelers from Finland.

Meanwhile, based on monthly research conducted on behalf of THA by GBR Consulting, average room rate (ARR) for the January-October 2020 period dropped by 5.9 percent and revenue per available room (RevPar) by 44.8 percent to 28.92 euros.

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