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Greek Hotel Profits

A recent survey by Stat Bank characterized the Greek hotel sector as a "two-speed industry" since 58 percent of hotels showed profits and 42 percent reported losses in 2007.

Yiannis Retsos

The current period is without a doubt characterized by the turbulent and painful process of restructuring the basic structure of the Greek State and the effort to control the most important financial and economic figures and indicators.

GNTO Forms Committee With Hotel Chamber

The Greek National Tourism Organization (GNTO) and the Hellenic Chamber of Hotels last month established a joint committee aimed to solve problems between the Greek hotel sector and the Greek State.

Barometer: Greek Hoteliers Optimistic For 2013

The Greek hotel sector is optimistic for 2013 overall, with increasing occupancy levels and stabilizing room rates, according to the latest tourism barometer report conducted by GBR Consulting on the expectations of the Greek hospitality sector in 2013.

Conference In Thessaloniki To Focus On New Tourism Bill

The new tourism bill that was submitted for public consultation in January will be the main topic of a conference to be held Sunday, 21 April, at the Makedonia Palace Hotel in Thessaloniki.

Greek City Hoteliers Most Positive On 2014 Third Quarter Outlook

Greece's city hoteliers have a very positive outlook for the performance of their units in the third quarter of 2014 on all levels, while resort hotels are slightly more cautious in their predictions.

Greek Hoteliers Mildly Optimistic for First Three Months of 2015

The Greek hotel sector is mildly optimistic for the first quarter of 2015 and expects slight improvements in occupancy levels and room rates for the market in general in comparison with the performance of last year.

Record Visitor Numbers at HORECA 2017 Expo

The HORECA 2017 trade show this year attracted a total of 125,000 professionals from 48,000 business of the hotel sector and the wider food market.

Controversial ‘Stayover Tax’ Expected to Impact Greek Hotel Sector, Economy

Greece's economy and hotel sector are expected to see losses when the so-called "stayover tax" comes into effect in 2018, says a Grant Thornton study.

Kos, Lesvos Tourism Professionals Urge Gov’t to Scrap ‘Stayover’ Tax

Tourism professionals on the islands of Kos and Lesvos are calling on the government to scrap an imminent “stayover" tax.

Greek Tourism Sector to Shoulder Tax Burden in 2018

Greece’s tourism sector is set to bear the brunt of the country’s economic recovery according to the economy ministry’s latest set of measures set to take effect in 2018.

Refineries, Hospitality Come Out of Greece Crisis Stronger

Oil refineries and hotel ventures came out of the Greek economic crisis stronger, increasing turnover in the 2006-2016 period by more than 20 percent.

Greek Hotels Chamber Sets Out Goals for 2018

Key issues that must be addressed so as to "unlock" the Greek hotel sector’s full potential were underlined at the 7th Hellenic Chamber of Hotels General Assembly in Athens.

Liquidity, Return of Rival Markets Break Greek Tourism Spell

Limited access to cash on top of recovering rival markets are taking a bite out of Greece’s tourism sector in terms of arrivals and revenue, according to market experts.