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Greek hotels show revenue growth in 2013-2015

The significant increase in tourism to Greece over the last three years (2013-2015) has positively affected the hotel industry.

Total foreign tourist arrivals reached a new level “record” of 23.6 million in 2015, an increase of 7 pct compared to 2014. More specifically, turnover in all three hotel categories (luxury, A and B category) increased, according to an ICAP research.

More than 80 percent of reservations in Greek hotels are made by foreigners, according to the same research.

An average of 74 million overnight stays were made in 2014 while occupancy rates in hotels reached 47.3 pct compared to 45.2 pct in 2013.

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