The Greek Tourism Ministry is preparing a draft bill to regulate the short-term rental market, do away with "loopholes" and establish fair competition.
Home sharing platforms operating in Greece, which fail to provide information requested by the country’s tax authority, may soon be faced with hefty fines.
Airbnb travelers spent $25 billion at restaurants and cafes worldwide in 2018, proving that food and drink have become a significant part of the travel experience.
The popular island of Mykonos continues to hold strong this season, while other favorite jet set destinations appear to have decreased their hotel rates.
Greece's Tourism Ministry has begun a dialogue with the Greek Property Managers Association (PASIDA) regarding legal issues that surround Airbnb-style rentals in the country.
Greek authorities recently uncovered some 20,000 undeclared Airbnb properties as well as 130 operators failing to declare taxes from home-sharing services.
The Airbnb phenomenon which took Greece and particularly Athens by storm in the last few years appears to have tapered off, according to recently released data.
Airbnb-style rentals account for 5.3 percent of Attica’s home rental market, or 12,000 of the 150,000 properties up for rent, according to recent findings.
The once buzzing Athens neighborhood of Psyrri is coming back to life as more and more buyers invest in short-term rentals, boutique hotels and accommodation facilities.
Athens hotel occupancy rates dropped by 6.8 percent in the first quarter of the year, with RevPAR down by 6.8 percent, according to the Athens - Attica & Argosaronic Hotel Association.
The growing Airbnb phenomenon in Greece is now penetrating underdeveloped neighborhoods in Athens, breathing life and creating new conditions of safety and business activity.
