Hospitality ICAP Sees Greek Hotel Enterprises Gaining Ground by GTP editing team 12 October 2015 written by GTP editing team 12 October 2015 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 24 Hotel enterprises in Greece are seeing improved results for the year 2014, according to findings released recently by financial services company ICAP. Of the 860 hotel units sampled, total revenues increased by 15 percent to 2,472 billion euros in 2014, compared to 2,147 billion euros a year before. Results in 2014, meanwhile, were positive with earnings reaching 123.8 million euros against losses to the tune of 26.7 million euros in 2013. The figures demonstrate that tourist confidence in Greece has been restored, with experts expecting the same trend in 2015, particularly in view of recent data revealing foreign tourist arrivals exceeding 24 million for 2015 and revenue coming to 14.5 billion euros in the same period. According to the ICAP sample, which includes hotels, tourist agencies, and camping sites, sales grew by 13.2 percent. The data found that the largest hotel chain in 2014 — based on revenue — was the Porto Carras Group with revenues of 62,403,483 euros compared to 38,852,062 euros in 2013, and profit at 9,085,914 euros against losses of 1,174,299 euros in the year before. The Sani Group came second with revenues at 59,560,627 euros compared to 50,788,036 euros a year ago and 34,896,344 euros in gains against 8,44106 million euros in 2013. FAIAX AETA, controlling the Grecotel Group, came third and TEMES SA , controlling Costa Navarino, came fourth. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Traffic at Athens Int’l Airport Set to Break 20-year Record next post Greece Sees Tourist Arrivals Rise 6.2% in First Nine Months You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 Greek Hotels See Revenue Boost in 2024, Driven by Higher Room Prices 4 February 2025 European Aviation Sector Calls for Stronger EU Support to Reach Net-Zero by... 4 February 2025 Flisvos Beachfront Apartments Offers Seaside Stays on Skopelos Island 4 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ