2017 Occupancy Rates in Greek Hotels To Be Highest in History

2017 Occupancy Rates in Greek Hotels To Be Highest in History

Hellenic Hotel Federation (HHF) President Yiannis Retsos announced during a media briefing on Wednesday, May 3, that Greek tourism in 2017 has had a good start, and that about a million more tourists are expected to visit Greece this year after an already strong 2016. This would set a new record in occupancy rates for Greek hotels.

On the other hand, nearly half the hotel rooms are being offered at discount rates, which could translate into a decrease in total revenues, Retsos suggests. He estimates that about €14.5 billion will be pumped into the Greek economy for hotel room rentals.

Mentioning the new tax, known as the "stayover tax," that will be assessed to hotels which have more than 2 stars, beginning in 2018, Retsos said that the government should limit levying the tax to the peak months of July and August, rather that the whole year. Citing that fact that Greek hoteliers already pay 7-8 points higher in VAT than their competitors, he said that it "would be a mistake to reduce further our competitiveness by adding this new levy to the contracts with tour operators." He added that he hoped Prime Minister Tsipras would discuss this during the upcoming general assembly of the Greek Tourism Copnfederation (SETE).