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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.

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.

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.

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.

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.

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.

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.

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.

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.

Greek Hotels Becoming Attractive Investment Option

Increasing tourism flows and dropping prices are making Greek hotels an attractive investment choice with hospitality units on the islands winning over buyers.

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.

Airbnb Hosts in Greece to Face Hefty Fines for Failure to Enroll in Registry

Hosts in Greece leasing out their properties through sharing economy platforms are now required by law to enroll in an electronic registry.

Kountoura Pledges Support for Tourism SMEs at SETKE Congress

Greek Tourism Minister Elena Kountoura expressed her support for tourism SMEs, which form the “backbone of Greek tourism”.

Hotel Sector Trends Revealed at 1st Int’l Hospitality Forum in Athens

New developments and challenges in the hospitality and tourism sector were discussed during the 1st International Hospitality Forum in Athens.

Greek Hoteliers Say Short-term Rental Law Null

Greek hoteliers expressed their doubts over whether a new law can control Airbnb-like operations and curb illegal activity.