Showing 1 to 12 of 15 results
Greece's Tourism Boom: Luxury Rise, Budget Hotel Decline
In Greece, over the past 15 years, an average of two lower-category (one- and two-star) hotels have closed weekly, totaling 1,538 closures, while 450+ new four- and five-star hotels have opened, fueled by €12 billion in investments over five years.
Greece's Tourism Boom: Luxury Rise, Budget Hotel Decline
In Greece, over the past 15 years, an average of two lower-category (one- and two-star) hotels have closed weekly, totaling 1,538 closures, while 450+ new four- and five-star hotels have opened, fueled by €12 billion in investments over five years.
Progress
44% Bias Score
Upscale Greek Tourism: Booming Investments, but Challenges Remain
From 2004-2024, Greek tourism saw a 23% rise in hotel units, a 24.7% increase in short-term rentals (surpassing 1 million in 2024), and a €12 billion investment in new and upgraded hotels, creating economic benefits but also challenges regarding sustainability and impact on smaller hotels.
Upscale Greek Tourism: Booming Investments, but Challenges Remain
From 2004-2024, Greek tourism saw a 23% rise in hotel units, a 24.7% increase in short-term rentals (surpassing 1 million in 2024), and a €12 billion investment in new and upgraded hotels, creating economic benefits but also challenges regarding sustainability and impact on smaller hotels.
Progress
36% Bias Score
Greek Tourism: Seat Availability Up, but Geopolitical Risks Loom
International flight seat availability to Greece increased by 5.3% for April-October 2025, but this varied across destinations, with Santorini experiencing a 13.5% decrease, while Athens had an 8.7% increase; geopolitical tensions pose a significant risk.
Greek Tourism: Seat Availability Up, but Geopolitical Risks Loom
International flight seat availability to Greece increased by 5.3% for April-October 2025, but this varied across destinations, with Santorini experiencing a 13.5% decrease, while Athens had an 8.7% increase; geopolitical tensions pose a significant risk.
Progress
44% Bias Score
Greece's Summer Tourism: 4.6% Flight Seat Increase Despite Consumer Confidence Dip
Despite reduced consumer confidence, 28.2 million international flight seats are scheduled for Greece's 2025 summer season—a 4.6% increase—driven by strong European demand and rising interest from the US, Middle East, and Southeast Europe; however, some markets show declines.
Greece's Summer Tourism: 4.6% Flight Seat Increase Despite Consumer Confidence Dip
Despite reduced consumer confidence, 28.2 million international flight seats are scheduled for Greece's 2025 summer season—a 4.6% increase—driven by strong European demand and rising interest from the US, Middle East, and Southeast Europe; however, some markets show declines.
Progress
36% Bias Score
Greek Tourism: 5% Rise in Air Arrivals, Revenue Growth Lags
Airlines project a 5.2% increase in available seats to Greece for the 2025 summer season, driven by an 18.4% surge in US flights, while revenue growth is expected to be lower due to shorter tourist stays.
Greek Tourism: 5% Rise in Air Arrivals, Revenue Growth Lags
Airlines project a 5.2% increase in available seats to Greece for the 2025 summer season, driven by an 18.4% surge in US flights, while revenue growth is expected to be lower due to shorter tourist stays.
Progress
36% Bias Score
Santorini Volcanic Uncertainty Impacts Easter Bookings, but Greek Tourism Remains Largely Unaffected
The ongoing uncertainty surrounding Santorini's volcanic activity has caused an 80% cancellation rate for Easter bookings, yet Athens International Airport reports no impact on international flight schedules; Greek authorities are monitoring the situation and are prepared to offer support if needed.
Santorini Volcanic Uncertainty Impacts Easter Bookings, but Greek Tourism Remains Largely Unaffected
The ongoing uncertainty surrounding Santorini's volcanic activity has caused an 80% cancellation rate for Easter bookings, yet Athens International Airport reports no impact on international flight schedules; Greek authorities are monitoring the situation and are prepared to offer support if needed.
Progress
40% Bias Score
Rising Costs Shift Greek Tourism Towards Non-Rented Accommodation and Foreign Travel in 2024
In 2024, rising accommodation and food costs in Greece led to 73.7% of Greek tourists' overnight stays being in non-rented accommodations (often friends' or family's homes), resulting in shorter trips (mostly 4–7 days) and a 7.6% rise in outbound travel, despite a 3.9% increase in domestic trips. Th...
Rising Costs Shift Greek Tourism Towards Non-Rented Accommodation and Foreign Travel in 2024
In 2024, rising accommodation and food costs in Greece led to 73.7% of Greek tourists' overnight stays being in non-rented accommodations (often friends' or family's homes), resulting in shorter trips (mostly 4–7 days) and a 7.6% rise in outbound travel, despite a 3.9% increase in domestic trips. Th...
Progress
36% Bias Score
Greek Tourism Growth Slows in 2025
Greece's tourism sector shows signs of slowing growth in the first half of 2025, with Santorini experiencing a significant 24.4% drop in arrivals from January to May, while Athens and Thessaloniki show continued growth; however, overall growth is marginal.
Greek Tourism Growth Slows in 2025
Greece's tourism sector shows signs of slowing growth in the first half of 2025, with Santorini experiencing a significant 24.4% drop in arrivals from January to May, while Athens and Thessaloniki show continued growth; however, overall growth is marginal.
Progress
36% Bias Score
Greek Island Supermarket Sales Surge on Tourism Boom
Supermarket sales in the Greek islands and Crete are booming, reaching almost 19% of total sales in summer 2024, up from 16.5% in 2021, driven by increased tourism and self-catering by tourists; this has created a €2.5 billion market that major supermarket chains are fiercely competing for.
Greek Island Supermarket Sales Surge on Tourism Boom
Supermarket sales in the Greek islands and Crete are booming, reaching almost 19% of total sales in summer 2024, up from 16.5% in 2021, driven by increased tourism and self-catering by tourists; this has created a €2.5 billion market that major supermarket chains are fiercely competing for.
Progress
24% Bias Score
Sani/Ikos Acquires Halkidiki Hotels for €400 Million Resort
Sani/Ikos Group purchased three Halkidiki hotels—Athos Palace, Pallini Beach, and Theophano Imperial—from Goldman Sachs Asset Management for €400 million to create the 'Ikos Kassandra' resort, opening in April 2029.
Sani/Ikos Acquires Halkidiki Hotels for €400 Million Resort
Sani/Ikos Group purchased three Halkidiki hotels—Athos Palace, Pallini Beach, and Theophano Imperial—from Goldman Sachs Asset Management for €400 million to create the 'Ikos Kassandra' resort, opening in April 2029.
Progress
4% Bias Score
Greek Tourism Faces Uncertainty Amidst Santorini Earthquakes
The Greek tourism sector anticipates growth in 2025, despite Santorini's earthquake-related 80% Easter cancellations. Athens and Thessaloniki show positive winter tourism trends, while international airlines maintain Greek routes. The government is monitoring the situation.
Greek Tourism Faces Uncertainty Amidst Santorini Earthquakes
The Greek tourism sector anticipates growth in 2025, despite Santorini's earthquake-related 80% Easter cancellations. Athens and Thessaloniki show positive winter tourism trends, while international airlines maintain Greek routes. The government is monitoring the situation.
Progress
44% Bias Score
Greece Approves €1 Billion in Tourism Investments
Greece's Interministerial Committee for Strategic Investments will approve three large-scale tourism projects totaling €1 billion on Monday, including luxury resorts in Petalioi, Astakos, and near Hydra.
Greece Approves €1 Billion in Tourism Investments
Greece's Interministerial Committee for Strategic Investments will approve three large-scale tourism projects totaling €1 billion on Monday, including luxury resorts in Petalioi, Astakos, and near Hydra.
Progress
40% Bias Score
Showing 1 to 12 of 15 results