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This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
In an environment of a significant slow-down of the global economy, geopolitical tensions, inflated energy& food prices and rising interest rates - leading to soaring costs for businesses and households - the Greektourism sector showed a strong performance in 2022 mainly on the back of pandemic related pent-updemand and accumulated savings, the strong labour market and temporary policy measures worldwideto contain energy costs. The Greek luxury hotel sector registered significant growth in 2022 compared2019, supported by the return of the Americans. Travel receipts of international business travel to Greeceincreased by 6.1% in 2022 compared to 2019.