Hotels & Accommodations

The National Bank of Greece says that a competitive tourism product, new destinations, extended season and investments for upgrades or new hotels are necessary to boost travel revenue by 40%.

Hotels in Athens recorded an overall positive performance during the first six months of the year, according to the Athens – Attica & Argosaronic Hotel Association.

The Nana Beach Hotel on Crete is setting the good example participating in the “Clean Up the Med” and “Make Holidays Greener” campaigns.

All inclusive resorts account for 2.2 percent of Greece’s total accommodation units, according to Greek Tourism Minister Elena Kountoura.

Greece’s independent Authority for Public Revenue said it would begin inspections of hotel businesses across the country in efforts to curb tax evasion.

A new accommodation tax set to take effect next year is expected to put a damper on plans by smaller hotel units to renovate or upgrade.

Annual income earned from Airbnb-style rentals is set to be taxed up to 45 percent, boosting state coffers by some 48 million euros in 2018.

Hospitality and accommodation in Greece is becoming better than ever with one in five new hotels offering five-star services.

A stalled 1.3-billion-euro investment by Lokros Real Estate in the Atalanti area has received the approval of the tourism and environment ministries.

Greek Tourism Minister Elena Kountoura said this week that she expects most destinations to be fully booked in the upcoming period.