The Greek Hospitality newsletter of GBR Consulting provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. This hotel data is complemented by data from other sources so as to place the Greek hospitality industry in the perspective of Greek tourism and of the International Hospitality Industry.
The Greek Hospitality newsletter of GBR Consulting provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. This hotel data is complemented by data from other sources so as to place the Greek hospitality industry in the perspective of Greek tourism and of the International Hospitality Industry.
The Greek Hospitality newsletter of GBR Consulting provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. This hotel data is complemented by data from other sources so as to place the Greek hospitality industry in the perspective of Greek tourism and of the International Hospitality Industry.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
The quarterly newsletter provides a snapshot of the Greek hospitality industry's performance in Q1 2013. International arrivals decreased compared to 2012, with the largest decline in Athens. RevPAR declined in Athens and Thessaloniki but increased for resort hotels. While some competitive destinations saw RevPAR increases, others like Madrid declined. The tourism sector remains optimistic for 2013 with expectations of a 10% increase in both arrivals and travel receipts. Macroeconomic data indicates Greece's economy is stabilizing.
Tourism barometer 2011: expectations of the Greek Hospitality SectorGBR Consulting
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).
El documento habla sobre la importancia de la tecnología en la industria petrolera venezolana, específicamente sobre el papel de PDVSA e INTEVEP en el desarrollo tecnológico. También menciona otros institutos como FONACIT que apoyan la ciencia y tecnología en Venezuela.
El documento describe el papel de la tecnología en varias industrias e instituciones importantes en Venezuela, incluida la industria petrolera manejada por PDVSA. PDVSA ha desarrollado tecnología a través de INTEVEP para mantener la competitividad. INTEVEP proporciona apoyo tecnológico a la industria petrolera y ha desarrollado tecnologías como Orimulsión. El documento también discute el papel de otras instituciones como FONACIT, INEA y CNTI en el desarrollo te
The Greek tourism industry, especially in Athens, was hard hit during the economic crisis from 2007-2013. International tourist arrivals to Athens dropped sharply from 2007-2012, while other parts of Greece stabilized. This led to a loss of over €2.5 billion for the Athens hotel industry and related businesses due to fewer tourists. While tourist satisfaction in Athens remained high, concerns over unrest and strikes discouraged visits. However, Athens saw a recovery in 2013 with improved occupancy and rates, and further recovery is expected as confidence returns.
The Greek Hospitality newsletter of GBR Consulting provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. This hotel data is complemented by data from other sources so as to place the Greek hospitality industry in the perspective of Greek tourism and of the International Hospitality Industry.
The Greek Hospitality newsletter of GBR Consulting provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. This hotel data is complemented by data from other sources so as to place the Greek hospitality industry in the perspective of Greek tourism and of the International Hospitality Industry.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
The quarterly newsletter provides a snapshot of the Greek hospitality industry's performance in Q1 2013. International arrivals decreased compared to 2012, with the largest decline in Athens. RevPAR declined in Athens and Thessaloniki but increased for resort hotels. While some competitive destinations saw RevPAR increases, others like Madrid declined. The tourism sector remains optimistic for 2013 with expectations of a 10% increase in both arrivals and travel receipts. Macroeconomic data indicates Greece's economy is stabilizing.
Tourism barometer 2011: expectations of the Greek Hospitality SectorGBR Consulting
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).
El documento habla sobre la importancia de la tecnología en la industria petrolera venezolana, específicamente sobre el papel de PDVSA e INTEVEP en el desarrollo tecnológico. También menciona otros institutos como FONACIT que apoyan la ciencia y tecnología en Venezuela.
El documento describe el papel de la tecnología en varias industrias e instituciones importantes en Venezuela, incluida la industria petrolera manejada por PDVSA. PDVSA ha desarrollado tecnología a través de INTEVEP para mantener la competitividad. INTEVEP proporciona apoyo tecnológico a la industria petrolera y ha desarrollado tecnologías como Orimulsión. El documento también discute el papel de otras instituciones como FONACIT, INEA y CNTI en el desarrollo te
The Greek tourism industry, especially in Athens, was hard hit during the economic crisis from 2007-2013. International tourist arrivals to Athens dropped sharply from 2007-2012, while other parts of Greece stabilized. This led to a loss of over €2.5 billion for the Athens hotel industry and related businesses due to fewer tourists. While tourist satisfaction in Athens remained high, concerns over unrest and strikes discouraged visits. However, Athens saw a recovery in 2013 with improved occupancy and rates, and further recovery is expected as confidence returns.
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).
The Greek hospitality industry is showing signs of recovery in 2014. International tourist arrivals to Greece increased 32% in the first quarter compared to 2013, while revenue per available room (RevPAR) for Athens hotels rose 11.5%. Greek resorts also saw a significant RevPAR increase of 32.3% in Q1 2014 over the previous year. However, room rates in Athens remain 21% lower than 2008 levels. Several new hotel investments and developments are planned or underway in Greece, signaling growing investor confidence in the tourism sector and broader economic recovery. The outlook for 2014 remains positive with expectations of further occupancy and rate gains.
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).
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
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).
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
International arrivals in Greece increased year-over-year in 2013, with arrivals up 14.3% in Athens and 30.5% in the rest of Greece. Revenue per available room (RevPAR) also increased across Athens, Thessaloniki, and Greek resorts. Confidence in the Greek economy is returning as 50% of Greek CEOs expect an improving economy in 2014. Tourist satisfaction in Athens and Thessaloniki remains very high. Several major Greek hotel sales were announced in 2013, including the sale of Astir Palace Resort for €400 million. The Greek tourism industry expects continued growth in 2014 with a target of 18 million international arrivals and €13 billion in revenue.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
The document summarizes the results of a survey of 158 Greek hotels on their expectations for the second quarter and full year of 2013. For Q2 2013, hoteliers overall remain optimistic about increasing occupancy rates but expect room rates to stabilize. City hoteliers anticipate slight occupancy gains but drops in room rates. Resort hotels forecast strong improvements in both occupancy and rates. The most optimistic are hotels in Crete. Two-star hotels are the most pessimistic. For 2013 as a whole, expectations are similar with occupancy increases and stable room rates overall.
This document provides a summary of a market research report on travel and tourism in Greece published in August 2012. It discusses key trends in the Greek travel and tourism market in 2011-2012, including record international tourist arrivals, a severe downturn in domestic tourism due to economic troubles, and an uncertain outlook for 2012. It also briefly summarizes sections on airline mergers in Greece, prospects for car rental and health/wellness tourism, and includes tables of data on these topics.
The Greek Hospitality newsletter of GBR Consulting provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. This hotel data is complemented by data from other sources so as to place the Greek hospitality industry in the perspective of Greek tourism and of the International Hospitality Industry.
This document provides information on tourism and the hotel industry in Greece. It discusses regional data on hotel stock and performance in 2014. There was exceptional growth in Greek tourism in 2014 and 2015, with record numbers of arrivals and travel receipts expected. New hotels from major international chains have opened or plan to open in Greece. The hotel market has attracted investment and seen upgrades. Market values for hotel rooms vary significantly based on location, quality, and other factors. Seasonality is high in Greek tourism, with the majority of activity concentrated in summer months.
The survey summarizes the expectations of Greek hotels for the 4th quarter of 2011 and the 2012 season. For Q4 2011, city hotels expect falling occupancy and room rates, especially in Athens. Resort hotels are optimistic for 2012 with expected increases in occupancy and rates. City hotels expect stabilizing occupancy but decreasing room rates for 2012 overall.
A research dedicated for those looking to buy and invest in the tourism sector of Crete.
What is happening to the commercial – tourism Chania’s property market, and what are the most critical trends?
The commercial property market in Crete and specifically for the Prefecture of Chania is nonetheless relatively healthy, with great prospects for the near future for those looking to buy an exceptional real estate asset in Crete.
NAI Hellas Market Report_March 2014_for emailEleni Makri
The document provides an overview of the Greek commercial real estate market in 2013. Some key points:
1) After years of recession, the Greek economy showed signs of stabilization in 2013, with improvements in GDP, inflation, unemployment, and trade balance.
2) Real estate values decreased on average by 55% since 2008 but stabilized in 2013. The office, retail, and hotel sectors showed most signs of recovery.
3) In Athens, office rents and yields for prime locations remained steady, with demand increasing for Grade A space. The retail market also remained stable, with established locations performing better. Tourism continued growing.
4) 2014 is expected to be a year of further market correction and a new normal being established,
USA Travel Industry outlook and Trends 2018. Deloitte Report. David Vicent
A very complete report by Deloitte about travel and tourism industry trends in USA. Very nice report model to analyce key facts in any latin american country.
Hotel industry in the european region reports mixed results for november 2012...Al Roma
The Europe hotel industry posted mixed results in November 2012, with occupancy remaining the same as November 2011 at 65.4% but average daily rates continuing to rise year-over-year. Looking at the year to date, 2012 saw the highest average daily rate increase of the last five years at 4.9%. Hotels in the economy and midscale segments struggled the most, with declining demand pushing occupancy down 2% to 68.1% for those segments.
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).
The hospitality industry in India has seen significant growth in recent years and is projected to continue expanding. Some key points:
- India's travel and tourism sector contributed $234 billion to GDP in 2018 and is projected to contribute $492 billion by 2028, growing at a CAGR of 7.11%.
- Foreign tourist arrivals were 10.56 million in 2018 and are projected to reach 30.5 million by 2028. Foreign exchange earnings from tourism increased from $28.59 billion in 2018 to $2.55 billion in January 2019.
- The industry employs over 81 million people, accounting for 12.38% of total employment in India. Segments like medical tourism, cruise tourism,
The hospitality industry in India has seen significant growth in recent years and is poised for further expansion. Some key points:
1) India's travel and tourism sector contributed $234 billion to GDP in 2018 and is projected to contribute $492 billion by 2028, growing at a CAGR of 7.11%.
2) Foreign tourist arrivals in India grew from 10.56 million in 2018 to 11.8 million in 2019, with earnings from tourism increasing from $28.59 billion to $34.03 billion.
3) Segments with good growth opportunities include medical tourism, cruise tourism, rural tourism, and ecotourism, leveraging India's diverse attractions and resources.
4
To build a tourism strategy that lasts and that works for all, you have to be realistic in analysing what works and what doesn’t. In the first of this ‘uncovered’ series of reports, experts at TOPOSOPHY share their views on the tourism resurgence in Greece and the top priorities for government and business in Greece today.
Cruise lines are queuing up to bring visitors to Greek shores, airlines of all colours and origins are returning to Greek airports and hotels are yet again filling with guests eager to enjoy Greek hospitality. But after some difficult years, is the picture really this rosy? A closer look reveals a range of concerns as big and small players across Greece struggle to keep up with their European competitors and understand how to capitalise on growth from the emerging markets. discover TOPOSOPHY’s take on the current state of Greek Tourism in this candid report that aims to provide much food for thought to tourism industry professionals in Greece and beyond.
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).
The Greek hospitality industry is showing signs of recovery in 2014. International tourist arrivals to Greece increased 32% in the first quarter compared to 2013, while revenue per available room (RevPAR) for Athens hotels rose 11.5%. Greek resorts also saw a significant RevPAR increase of 32.3% in Q1 2014 over the previous year. However, room rates in Athens remain 21% lower than 2008 levels. Several new hotel investments and developments are planned or underway in Greece, signaling growing investor confidence in the tourism sector and broader economic recovery. The outlook for 2014 remains positive with expectations of further occupancy and rate gains.
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).
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
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).
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
International arrivals in Greece increased year-over-year in 2013, with arrivals up 14.3% in Athens and 30.5% in the rest of Greece. Revenue per available room (RevPAR) also increased across Athens, Thessaloniki, and Greek resorts. Confidence in the Greek economy is returning as 50% of Greek CEOs expect an improving economy in 2014. Tourist satisfaction in Athens and Thessaloniki remains very high. Several major Greek hotel sales were announced in 2013, including the sale of Astir Palace Resort for €400 million. The Greek tourism industry expects continued growth in 2014 with a target of 18 million international arrivals and €13 billion in revenue.
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.
The document summarizes the results of a survey of 158 Greek hotels on their expectations for the second quarter and full year of 2013. For Q2 2013, hoteliers overall remain optimistic about increasing occupancy rates but expect room rates to stabilize. City hoteliers anticipate slight occupancy gains but drops in room rates. Resort hotels forecast strong improvements in both occupancy and rates. The most optimistic are hotels in Crete. Two-star hotels are the most pessimistic. For 2013 as a whole, expectations are similar with occupancy increases and stable room rates overall.
This document provides a summary of a market research report on travel and tourism in Greece published in August 2012. It discusses key trends in the Greek travel and tourism market in 2011-2012, including record international tourist arrivals, a severe downturn in domestic tourism due to economic troubles, and an uncertain outlook for 2012. It also briefly summarizes sections on airline mergers in Greece, prospects for car rental and health/wellness tourism, and includes tables of data on these topics.
The Greek Hospitality newsletter of GBR Consulting provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. This hotel data is complemented by data from other sources so as to place the Greek hospitality industry in the perspective of Greek tourism and of the International Hospitality Industry.
This document provides information on tourism and the hotel industry in Greece. It discusses regional data on hotel stock and performance in 2014. There was exceptional growth in Greek tourism in 2014 and 2015, with record numbers of arrivals and travel receipts expected. New hotels from major international chains have opened or plan to open in Greece. The hotel market has attracted investment and seen upgrades. Market values for hotel rooms vary significantly based on location, quality, and other factors. Seasonality is high in Greek tourism, with the majority of activity concentrated in summer months.
The survey summarizes the expectations of Greek hotels for the 4th quarter of 2011 and the 2012 season. For Q4 2011, city hotels expect falling occupancy and room rates, especially in Athens. Resort hotels are optimistic for 2012 with expected increases in occupancy and rates. City hotels expect stabilizing occupancy but decreasing room rates for 2012 overall.
A research dedicated for those looking to buy and invest in the tourism sector of Crete.
What is happening to the commercial – tourism Chania’s property market, and what are the most critical trends?
The commercial property market in Crete and specifically for the Prefecture of Chania is nonetheless relatively healthy, with great prospects for the near future for those looking to buy an exceptional real estate asset in Crete.
NAI Hellas Market Report_March 2014_for emailEleni Makri
The document provides an overview of the Greek commercial real estate market in 2013. Some key points:
1) After years of recession, the Greek economy showed signs of stabilization in 2013, with improvements in GDP, inflation, unemployment, and trade balance.
2) Real estate values decreased on average by 55% since 2008 but stabilized in 2013. The office, retail, and hotel sectors showed most signs of recovery.
3) In Athens, office rents and yields for prime locations remained steady, with demand increasing for Grade A space. The retail market also remained stable, with established locations performing better. Tourism continued growing.
4) 2014 is expected to be a year of further market correction and a new normal being established,
USA Travel Industry outlook and Trends 2018. Deloitte Report. David Vicent
A very complete report by Deloitte about travel and tourism industry trends in USA. Very nice report model to analyce key facts in any latin american country.
Hotel industry in the european region reports mixed results for november 2012...Al Roma
The Europe hotel industry posted mixed results in November 2012, with occupancy remaining the same as November 2011 at 65.4% but average daily rates continuing to rise year-over-year. Looking at the year to date, 2012 saw the highest average daily rate increase of the last five years at 4.9%. Hotels in the economy and midscale segments struggled the most, with declining demand pushing occupancy down 2% to 68.1% for those segments.
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).
The hospitality industry in India has seen significant growth in recent years and is projected to continue expanding. Some key points:
- India's travel and tourism sector contributed $234 billion to GDP in 2018 and is projected to contribute $492 billion by 2028, growing at a CAGR of 7.11%.
- Foreign tourist arrivals were 10.56 million in 2018 and are projected to reach 30.5 million by 2028. Foreign exchange earnings from tourism increased from $28.59 billion in 2018 to $2.55 billion in January 2019.
- The industry employs over 81 million people, accounting for 12.38% of total employment in India. Segments like medical tourism, cruise tourism,
The hospitality industry in India has seen significant growth in recent years and is poised for further expansion. Some key points:
1) India's travel and tourism sector contributed $234 billion to GDP in 2018 and is projected to contribute $492 billion by 2028, growing at a CAGR of 7.11%.
2) Foreign tourist arrivals in India grew from 10.56 million in 2018 to 11.8 million in 2019, with earnings from tourism increasing from $28.59 billion to $34.03 billion.
3) Segments with good growth opportunities include medical tourism, cruise tourism, rural tourism, and ecotourism, leveraging India's diverse attractions and resources.
4
To build a tourism strategy that lasts and that works for all, you have to be realistic in analysing what works and what doesn’t. In the first of this ‘uncovered’ series of reports, experts at TOPOSOPHY share their views on the tourism resurgence in Greece and the top priorities for government and business in Greece today.
Cruise lines are queuing up to bring visitors to Greek shores, airlines of all colours and origins are returning to Greek airports and hotels are yet again filling with guests eager to enjoy Greek hospitality. But after some difficult years, is the picture really this rosy? A closer look reveals a range of concerns as big and small players across Greece struggle to keep up with their European competitors and understand how to capitalise on growth from the emerging markets. discover TOPOSOPHY’s take on the current state of Greek Tourism in this candid report that aims to provide much food for thought to tourism industry professionals in Greece and beyond.
Etude PwC sur l'hôtellerie européenne (2014)PwC France
http://pwc.to/MHQxud
Après une année 2013 marquée par une reprise fragile, la troisième étude de PwC sur l’hôtellerie en Europe montre que le secteur devrait retrouver le chemin de la croissance en 2014. En matière de croissance du revenu par chambre disponible (Revenue Per Available Room, soit RevPAR), Dublin, Londres et Paris prennent la tête du classement. L’hôtellerie parisienne devrait ainsi connaître une croissance de près 4% de son RevPAR en 2014, grâce à des taux d’occupation et prix moyen élevés.
Product Brochure: Global Online Accommodation Booking Market 2018yStats.com
This document provides an overview and table of contents for the report "Global Online Accommodation Booking Market 2018". The report examines key trends in the global online accommodation booking market, including the growth of online bookings and shift to mobile and sharing platforms like Airbnb. It provides market data, analysis and forecasts through 2022 on topics like online travel sales, hotel booking channels, short-term rental trends and the leading online travel agencies. The report also includes regional sections covering developments in areas like Asia-Pacific, Europe, North America, Latin America and the Middle East.
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).
Mazars Real Estate: Hospitality in Italy, where to invest 2016Danilo Papaleo
Mazars Real Estate Italy presents the research of the top cities in Italy for hotel investments. The study was conducted by Mazars hospitality department over 110 major cities in Italy after having identified seven variables used by hotel developers to select the target cities for their developments.
Similar to GBR Hospitality Newsletter 2011 Q3 (20)
2013: Exa the performance of the athens hotel sectorGBR Consulting
The document summarizes the results of a tourist satisfaction survey conducted in Athens, Greece between July and September 2013 with 1,450 respondents. Some key findings include:
- The average age of respondents was 30-40 years old and most were travelling with a partner for pleasure and stayed an average of 4.5 nights.
- 70% visited Athens for its archaeological sites and 91% visited the Acropolis.
- 59% had a better experience than expected and 92% would recommend Athens.
- The overall assessment score was 7.8 out of 10.
The document summarizes the expectations of the Greek hospitality sector for the first quarter and full year of 2014. For Q1 2014, hotels expect occupancy rates to increase but are cautious about room rates, which are forecast to stabilize or see slight increases. For the full year 2014, the sector anticipates significant improvements in both occupancy and room rates. City hotels expect stronger occupancy gains in Q1 than resorts, which foresee stable occupancy. Five-star hotels are optimistic for Q1 occupancy but cautious on rates, while four-star hotels see gains in both areas. Three-star hotels predict stable-to-higher occupancy but lower room rates for Q1.
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).
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).
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).
The performance of the Athens hotel sectorGBR Consulting
The survey summarizes tourism trends in Athens from 2009-2012 based on surveys of over 7,000 international visitors. It finds that while international arrivals have stabilized elsewhere in Greece, Athens saw a 11% decline in 2012. Americans, Australians, and Brits paid most attention to the economic crisis but over half still visited. Greeks and Cypriots rated safety and overall satisfaction lower than foreigners. Hotel revenue declined most in lower-rated hotels. While social media use is high, most travelers are older than 30. Hoteliers forecast a difficult first quarter but stabilization in 2013 with regional differences and resilient resort areas.
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).
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).
The survey summarizes expectations of the Greek hospitality sector for the first quarter of 2012 and the full year of 2012 based on a survey of 210 Greek hotels conducted in January 2012. For Q1 2012, city hotels expect significant drops in occupancy and room rates. Resort hotels are slightly pessimistic as well. For 2012 overall, expectations have turned negative after being slightly optimistic in the previous survey, with concerns over ongoing negotiations between Greece and international lenders. Some exceptions to the overall negative outlook include 5-star resort hotels and hotels in Thessaloniki.
BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. BTW UK Visa Application Process, Uk Visa complete guide, Uk Visa fees, requirements and application process. Know all about uk visa and best way to apply for the uk visa. Get to know about the requirements that allows you for the faster visa appliaction. Get information in this PDF and simplyfy your visa process.
Our excursions in tahiti offer stunning lagoon tours, vibrant marine life encounters, and cultural experiences. We ensure unforgettable adventures amidst breathtaking landscapes and serene waters. For more information, mail us at tracey@uniquetahiti.com.
Best Places to Stay in New Brunswick, Canada.Mahogany Manor
New Brunswick, a picturesque province in eastern Canada, offers a plethora of unique and charming places to stay for every kind of traveler. From the historic allure of Fredericton and the vibrant culture of Saint John to the natural beauty of Fundy National Park and the serene coastal towns like St. Andrews by-the-Sea, there's something for everyone. Whether you prefer luxury resorts, cozy inns, rustic lodges, or budget-friendly options, the best places to stay in New Brunswick ensure a memorable stay, allowing you to fully immerse yourself in the province's rich history, stunning landscapes, and warm hospitality.
https://www.mmanor.ca/blog/best-5-bed-and-breakfast-new-brunswick-canada
How do I plan a Kilimanjaro Climb?
Planning to climb Mount Kilimanjaro is an exciting yet detailed process. Here’s a step-by-step guide to help you prepare for this incredible adventure.
Un viaje a Buenos Aires y sus alrededoresJudy Hochberg
A travelogue of my recent trip to Argentina, most to Buenos Aires, but including excursion to Iguazú waterfalls, Tigre, and Colonia del Sacramento in Uruguay
How To Talk To a Live Person at American Airlinesflyn goo
This page by FlynGoo can become your ultimate guide to connecting with a live person at American Airlines. Have you ever felt lost in the automated maze of customer service menus? FlynGoo is here to rescue you from endless phone trees and automated responses. With just a click or a call to a specific number, we ensure you get the human touch you deserve. No more frustration, no more waiting on hold - we simplify the process, making your travel experience smoother and more enjoyable.
The Power of a Glamping Go-To-Market Accelerator Plan.pptxRezStream
Unlock the secrets to success with our comprehensive 8-Step Glamping Accelerator Go-To-Market Plan! Watch our FREE webinar, where you'll receive expert guidance and invaluable insights on every aspect of launching and growing your glamping business.
Assessing the Influence of Transportation on the Tourism Industry in Nigeriagsochially
This research dissertation investigates the complex interplay between transportation and the tourism industry in Nigeria, aiming to unravel critical insights that contribute to the enhancement of the overall tourist experience. The study employs a multi-faceted approach, literature review establishes a robust theoretical framework, incorporating The Service Quality and Satisfaction Theory to guide the research questions and hypotheses.
The methodology involves the distribution of a structured questionnaire, ensuring a representative sample and facilitating a comprehensive analysis of the gathered data.
Key findings include the nuanced perceptions of transportation infrastructure adequacy, safety and security concerns, financial influences on travel decisions, and the cultural and ecological impacts of transportation choices. These findings culminate in a comprehensive set of recommendations for policymakers and practitioners in the Nigerian tourism industry. The findings contribute to the existing literature by providing actionable insights for policymakers, stakeholders, and researchers in the Nigerian tourism sector.
The recommendations encompass gender-sensitive planning, infrastructure enhancements, safety measures, and strategic interventions to address financial constraints, ensuring a holistic and sustainable development of the tourism industry in Nigeria.
Author: Imafidon Osademwingie Martins
Wayanad-The-Touristry-Heaven to the tour.pptxcosmo-soil
Wayanad, nestled in Kerala's Western Ghats, is a lush paradise renowned for its scenic landscapes, rich biodiversity, and cultural heritage. From trekking Chembra Peak to exploring ancient Edakkal Caves, Wayanad offers thrilling adventures and serene experiences. Its vibrant economy, driven by agriculture and tourism, highlights a harmonious blend of nature, tradition, and modernity.
2. Introduction
This newsletter provides a snapshot of the performance of Greek hotels based on a sample of more than
180 hotels & resorts in Greece. The hotel performance data is complemented by data from other sources so
as to place the Greek hospitality industry in the context of Greek tourism and of the International
Hospitality Industry. Finally, the outlook of the industry, as seen by hoteliers themselves, is given.
International arrivals1 in Greek airports, 2011 compared to 2010
Region % Change in International arrivals – Q3 % Change in International Arrivals – ytd Q3
Athens -0.5% -2.1%
Thessaloniki 13.1% 12.3%
Rest of Greece 12.5% 14.0%
Source: SETE, processed by GBR Consulting
RevPAR2 in Greek hotels, 2011 compared to 2010
Region % Change in RevPAR of Greek hotels -- Q3 % Change in RevPAR of Greek hotels – ytd Q3
Athens
6.9% 4.3%
Thessaloniki
5.4% -0.2%
Resorts 11.4% 10.2%
Source: GBR Consulting
RevPAR2 in Competitive Destinations, 2011 compared to 2010
Region % Δ in RevPAR of Comp. Destinations – Q3 % Δ in RevPAR of Comp. Destinations – ytd Q3
S. Europe 7.9% 9.0%
Rome 9.5% 7.8%
Madrid 12.4% 3.2%
Cairo -48.6% -51.1%
Source: STR Global, processed by GBR Consulting
1
The international arrivals statistics are based on SETE calculations compiling the data from 13
major airports of Greece, representing 95% of foreigners’ arrivals by plane in Greece and 72% of
total foreigners’ arrivals. Thessaloniki airport does not distinguish between arrivals of Greeks and
foreigners.
2
RevPAR: Revenue per Available Room; for Greek resorts, calculations are based on TRevPAR (i.e.
Total RevPAR).
Hotels • Resorts • Spas • Marinas • Casinos • Conference Centers • Theme Parks • Golf Page 2 of 4
3. Commentary
International arrivals continued their positive trend (see also below) with the exception of Athens
showing a YTD Q3 of -2.1%, which is an improvement though compared to the -3.0% of YTD Q2 and
the -8.3% YTD Q1. Thessaloniki and the other main airports of Greece showed robust performance in
the third quarter resulting in +12.3% YTD Q3 for Thessaloniki and +14.0% YTD Q3 for the rest of
Greece. The positive Q3 results can be ascribed to what are expected to be record arrivals in 2011.
In terms of RevPAR the Resort hotels performed at a +11.4% in their peak season Q3 resulting in an
overall YTD Q3 performance of +10.2%. The city hotels recovered somewhat in the third quarter as YTD
Q3 for Athens now stands at +4.3% in terms of RevPAR, while YTD Q2 showed a +2.9%. Also
Thessaloniki further improved and landed in Q3 almost on par with the same quarter last year, showing
a -0.2% for YTD Q3, while this number in Q2 was still -4.1%.
Finally, Rome and Madrid improved their performance in Q3 compared to Q2, while Cairo remains
operating at about half the RevPAR of 2010.
Hotel & Other News
Based on the latest Bank of Greece data, Greece saw a 6.5% increase in international tourism receipts
from € 2,233 mn in August 2010 to € 2,378 mn in August 2011. This increase was not as robust as
June and July (+13.4% and +16.7% respectively), but it is clear that the tourism sector is performing
very well in these troubled times for the country and despite numerous problems. YTD August, Greece
had € 704 mn more receipts from tourism, representing an increase of 10%, totalling € 7,718 mn.
It is also interesting to see that the EU 27 contributed € 5,270 of these receipts, showing an increase of
6.4%. The major growth though came from other countries, responsible for the remaining € 2,448 in
receipts, showing an increase of 18.8%. In this segment Russia showed a growth of 46.6%.
Not only the receipts increased by 10%, also the non-residents’ arrivals rose at an average annual rate
of 9.9%, according to the Bank of Greece’s border survey for the period January – August 2011. It is
positive that the Germans are returning to Greece with an increase of 13.3%, who also spent 11.8%
more compared to the same period last year. On the other hand the British arrivals declined by 6.9%.
Beyond August, we are less positive for City tourism as people are influenced by images of riots in
Athens and tourists carrying their luggage due to taxi strikes. Furthermore, winter destinations rely
almost exclusively on domestic tourists, who have been seriously hit by the economic crisis. The GBR
Tourism Barometer confirms this (see below).
The prospects for next season are uncertain, due to a worsening economic climate in general, the
possible revival of countries of North Africa and the problems in Greece overall. The GBR Tourism
Barometer on the outlook for next season (2012) shows a mixed picture (see below) with resort hotels
being upbeat and city hotels downbeat.
Barometer
In our Tourism Barometer survey for 2011 Q4, City Hoteliers have become clearly pessimistic for Q4 in
terms of occupancy as well as ARR. Athenian hotels are the most pessimistic, while hoteliers in
Thessaloniki expect similar occupancy levels as last year, while they are also very pessimistic on the
development of their ARR this quarter in comparison to last year.
City Hotels
Occupancy ARR
Hotels • Resorts • Spas • Marinas • Casinos • Conference Centers • Theme Parks • Golf Page 3 of 4