Greek hoteliers operating in both holiday resorts and large urban centers appear optimistic for the level of occupancy and prices in Greek hotels for 2018, according to GBR Consulting’s barometer charting the expectations of the Greek hotel industry for 2018.
The city hoteliers are very optimistic for 2018. For the market overall about a third of the hoteliers is expecting stabilising occupancy levels, another third increases of between 2 – 5%, while 2 out 10 hoteliers forecast a growth higher than 5%. The majority expects that room rates will improve with up to 5%, while a quarter of the city hoteliers believe that room rates of their sector will stabilise this year.
The resort hoteliers are expecting an excellent season this year. Overall, about half of the resort sector is expecting growth rates of between 2 – 5% for both occupancy levels and room rates. The remaining group is divided between stabilising levels or significant growth for both indicators. None of the hoteliers is expecting significant drops.
See the tables below…
The GBR Consulting Barometer is a regular suvey to obtain insights into the Greek hotel industry’s opinions current issues as well as expectations about Occupancy (OCC) and Average Room Rate (ARR).
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
