Lamway and Hotelising See Partner Hotels Deliver Positive Earnings in 2022

Photo source: Lamway

The 2022 tourism season marked a significant recovery, bringing positive financial results for hotels in the portfolio of Lamway Hotel Management Group and its partner company Hotelising.

According to an announcement by the companies, all hotels in the Lamway-Hotelising portfolio recorded a turnover increase of 23.5 percent compared to 2019.

“Despite the energy crisis, the global financial challenges and the war, we moved with a rational strategy in terms of pricing policy and management, as a result of which we ensured high occupancy rates and satisfactory revenues for the hotels,” Lamway and Hotelising said.

The companies added that their organizational strategy and staff team in the hotels contributed to the smooth outcome of the 2022 tourism year and its extension until the beginning of November at some destinations.

With regard to 2023, Lamway and Hotelising said prospects are encouraging as early bookings for accommodation in Athens and on the islands have already started.

“The desire of tourists for moments of travel and relaxation is apparent,” the companies said.

More hotels in portfolio

New hotels in Athens joined the portfolio of Lamway and Hotelising this year: Neoma Hotel in the area of Filopappou, Athens Flair in Kolonaki and Altar Suites in Monastiraki.

Athens Flair in Kolonaki. Photo source: Lamway

The Archipelagos Resort on Paros and Serapias Suites on Santorini are also new members.

In total, Lamway and Hotelising now have a portfolio of 26 hotels in 12 different destinations in Greece.

The companies expect in 2023 to add new hotels ob their portfolio located on Mykonos, Santorini and Peloponnese.

Athens Flair in Kolonaki. Photo source: Lamway

Lamway Hotel Management Group and Hotelising joined forces in 2014, focused on increasing the profitability and brand awareness of the hotels in their portfolio. Together they offer hotel management services, including Development – New Hotel Creation, Hotel Management, Sales Management, and Property Lease.