Hospitality Hotels Obliged To Maintain Last Year’s Minimum Rates by Nikos Krinis 1 June 2009 written by Nikos Krinis 1 June 2009 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 11 Greek hotels are to maintain last year’s minimum prices for this season until 31 March 2010, according to a recent decision by Tourism Minister Kostas Markopoulos. The Hellenic Chamber of Hotels has pointed out that room prices should be decided based on the current conditions of the tourism market as a result of the global economic crisis. In addition, the chamber said that hotels can proceed with discounts even up to 50 percent but should not “fall” below the minimum prices. Meanwhile, Economy and Finance Minister Yiannis Papathanasiou recently called upon hoteliers to reduce prices not only to foreign tour operators but also to Greek citizens. According to reports, the minister believes that if hotel prices drop then domestic tourism will rise and thus hoteliers will be able to demand better loan conditions from banks. Mr. Papathanasiou pointed out that if prices remain high the turnover of hotels will remain low and therefore banks will not comply with the claims of hotel owners. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail Nikos Krinis Nikos is Greek-American born in New York, USA, and has lived in Greece for over 30 years. He is the managing editor of Greece's leading monthly travel and tourism guide, the Greek Travel Pages (GTP) since June 2008 and of news site GTP Headlines since its launch in September 2012. Nikos has also served as international press officer for the City of Athens and for the mayor. He has a degree in Mass Media and Communications, specializing in Journalism. Nikos is a native English speaker and speaks Greek fluently. previous post Amadeus Hotel Store Launched next post Greek Tourism Makes Bad Start You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
