GBR Consulting Reports Greek Hospitality Industry Performance 3rd Quarter 2018 (PDF Download)

Parthenon, Greece - Photo by Puk Patrick on Unsplash
Greek Hospitality Industry Performance 3rd Quarter 2018

Arrivals the Athens International Airport recorded a growth of 15.3% y-o-y during Q3 2018, while YTD September a growth of 19.2% was registered. So far, all months of this year achieved double digit growth figures.

The Athenian hotel sector improved its RevPAR with 7.2% y-o-y during Q3 2018, but occupancy levels dropped 1.1% y-o-y.

At the airport of Thessaloniki Q3 2018 was particularly strong with a growth of international arrivals of 11.2% y-o-y. Up to September 2018 international arrivals increased by 11.9% y-o-y. The increase of demand lead to an improvement of RevPAR of 7.7% y-o-y, mainly due to increasing room rates.

International arrivals at airports located at resort destinations increased by 7.5% y-o-y during Q3 2018. Growth at the airports of Santorini and Mykonos as well as the airports at the Ionian Islands is particularly strong this year with 19.8% y-o-y and 13.0% y-o-y respectively up to September 2018.

However, occupancy levels of resort hotels dropped by 3.7% y-o-y during Q3 2018, while Total Revenue per Occupied Room increased by 8.3%.

RevPAR of the city of Rome improved 1.1% y-o-y during Q3 2018 noting that occupancy levels dropped slightly. The RevPAR of Madrid dropped further in Q3 2018.

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GBR Consulting is a leading Greek business consultant firm. GBR Consulting supports clients develop their businesses in a structured manner leading to growth. The firm offers their clients, who are mainly active in the tourism, retail, food, construction and energy sectors, lasting solutions in the field of strategy, marketing, organisation and finance, while also delivering litigation support.

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