Hotel

I want to start with two revealing, and I would say disturbing - in their combination - set of numbers. The only income that the Municipality of Athens had from tourist activity in 2023 - by all accounts one of the best years for tourism - was just 2,714,664 euros.

Leading Cyprus group Thanos Hotels & Resorts announced on Wednesday it is entering the Greek luxury hospitality market with a three-year investment plan aimed at opening 10 new hotels.

In 2023 the group introduced a new hotel concept, the Amyth Hotels, on Mykonos island.

Stone-built hotels in beautifully preserved manor houses, with sumptuous traditional-style décor and modern amenities

Travelers and vacationers' spending is expected to be around 100 billion Turkish Liras during the upcoming nine-day Eid holiday, according to Firuz Bağlıkaya, the president of the Association of Turkish Travel Agencies (TÜRSAB).

The turnover generated by the accommodation of guests in short-term rental accommodation has increased significantly compared to previous years and is now approaching 30% of the turnover made by hotel units.

Rhodes, the capital of the Dodecanese, has been luring travelers for decades now with its state-of-the-art 5-star hotels and high-end luxury boutique accommodation

Small, renovated and special accommodation complexes, also known as boutique hotels, are performing even better than large luxury hotels in terms of the growth rate of their occupancy.

The year has seen a dynamic start in the purchase and sale of hotels, as well as the promotion of investment plans for the development of tourism complexes.

The turnover of Greek hotels in 2023 saw a large increase compared to previous years, going hand in hand with the increase in tourism and inflation.

Türkiye's hotel industry continues to grow with new players joining the market, the Hotel Association of Türkiye (TÜROB) has said in a recent report.

The number of chain and group hotels in the country increased from 57 in 2019 to 67 last year, including 46 local and 21 international chains, showed the report.