Turkey is facing a tourism downturn as rising costs drive budget-conscious travelers to choose Greece instead. With hotels in popular destinations seeing fewer bookings, experts warn that Turkey’s reputation as an affordable holiday spot is at risk. While some discounts are being offered, inflation remains a major challenge, though there’s hope for recovery as the economy stabilizes.
Tag: hotel occupancy
Yiannis Hatzis, President of the Hellenic Hoteliers Federation, has dismissed overtourism claims, citing outdated infrastructure as Greece’s real issue. He noted low hotel occupancy due to short-term rentals and a 12% drop in spending per capita from key markets. Hatzis observed a decline in high-end bookings and a cautious spending trend among tourists.
Athens’ hotel occupancy rate has increased in the first half of 2024, reaching 75.5%. However, the rise of short-term rentals is impacting average occupancy rates for hotels, despite a significant increase in ADR and RevPAR.
In an exclusive article with ‘Kathimerini’, Athens Mayor Haris Doukas, highlighted concerning statistics regarding the…