Market Reports

GBR Consulting Reports Greek Hospitality Industry Performance 2nd Quarter 2018 (PDF Download)

RevPAR at Athenian hotels improved 13.2% y-o-y during H1 2018, mainly because of strong improvements of ADR. The 3-star category benefited the least of the surge in demand with an improvement of RevPAR of 6.2% y-o-y during H1 2018.
Temple Of Olympian Zeus Athens Greece - Photo by Héctor Martínez on Unsplash
RevPAR at Athenian hotels improved 13.2% y-o-y during H1 2018

GBR Consulting

International arrivals at the Athens International Airport increased by 21.8% y-o-y in Q2 2018, which means that the airport attracted nearly 550,000 more international arrivals during first six months of 2018 than last year. RevPAR at Athenian hotels improved 13.2% y-o-y during H1 2018, mainly because of strong improvements of ADR. The 3-star category benefited the least of the surge in demand with an improvement of RevPAR of 6.2% y-o-y during H1 2018.

In Thessaloniki the second quarter was particularly strong. International arrivals increased 13.6% y-o-y, while RevPAR increased by 15.0% y-o-y in Q2 2018.

Except the airports of Aktio and Skiathos all other main international airports of Greece recorded double digit growth during the first half of this year. Resort hotels benefited with improvements in both occupancy levels and revenues, leading to an increase of the Total Revenue per Available room of 19.2% y-o-y for H1 2018.

Data of the Bank of Greece up to May 2018 shows that international arrivals in Greece increased by 16.8% y-o-y and travel receipts by 23.1% y-o-y, meaning that the average expenditure per arrival is increasing.

The hotel sector of Rome improved their RevPAR with 4.8% y-o-y during H1 2018, while Madrid had an increase of their RevPAR of 1.9% y-o-y over the same period after a difficult second quarter. Cairo continues its recovery with double digit growth of occupancy during the first half of 2018 compared to same period last year.

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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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