GTP Headlines Turnover of Greek Hotels Down by 78% in 2020
turnover in 2020 drop by 78 percent to 1.83 billion euros compared to 8.35 billion euros in 2019, as a result of the coronavirus (Covid-19) pandemic and its impact on travel and tourism, according to a report by the Institute for Tourism Research and Forecasts (ITEP). ITEP said that only Following Greece’s first lockdown in March 2020, only 59 percent of the country’s year-round hotels – 2,328 out of 3,965 units – managed to reopen, while 63 percent of them were forced to close again by the end of the year. As a result, only 863 year-round hotels – 22 percent of the total – ...