Greek Hospitality Industry Performance Q1 2022 – Hotel Magazine

In accordance to GBR Consulting, the foremost hospitality and tourism consultancy in Greece, the metropolitan areas of Athens and Thessaloniki have started to enter their article-pandemic recovery method. 

The performance in the hospitality industry in Greece exhibits that domestic targeted visitors at the Athens Intercontinental Airport is rebounding faster than worldwide site visitors, achieving a level of 78 p.c and 70 p.c, respectively, of what it was in 2019 in Q1 2022.

In contrast, the global website traffic at Thessaloniki’s airport seems to be recovering more rapidly than that of Athens, peaking at 83 per cent of 2019 stages in March 2022, while domestic traffic achieved a stage of 72 %. With traffic forecasted to increase in March, the Thessaloniki lodge sector recorded a RevPAR of 80 percent of the degree of 2019 in March 2022, while Athens attained a amount of 62 % of 2019 for the duration of the very same thirty day period.

All round, the Athens and Thessaloniki resort markets obtained a RevPAR of € 28 during Q1 2022. For Athens, that is significantly lessen than its global Mediterranean friends of Rome, Barcelona, Madrid and Istanbul. Also, the general performance of Thessaloniki lagged behind lots of world aggressive marketplaces besides for German places, which registered very low occupancy and space costs for the duration of the initial quarter.

Metropolis resorts outside the house Athens and Thessaloniki acquired an occupancy stage of around 38 percent throughout the very first 3 months of 2022. For vacation resort motels, couple of units ended up in operation through Q1 attaining occupancy down below 35 p.c on normal.