The market value of Greek Luxury, A’ and B’ class hotels increased by 3% in the 2016-2107 period, but the industry is heavily reliant on international tour operators from abroad, according to an ICAP industry report announced this week.
ICAP Group on Monday announced its revenue grew 7.0 pct in 2017 to 68.7 million euros -the highest in its history- along with improved market shares in most sectors.
The business information sector offered services to around 100,000 business report, a rise of 6.0 pct, the Trade Exchange Program service was enriched with 200,000 new companies and implemented significant new projects for PPC, Attica Bank and Pancretan Bank. ICAP delivered 2,137 credit ratings and issued 48 sectorial surveys.
ICAP also reported that the market value of Greek Luxury, A’ and B’ class hotels rose by 3% in the 2016-2107 period.
Furthermore, their total assets rose by 12% during the past five years and their sales soared 40%.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
