ENGLISH

Athens hotel occupancy rates plummet in Nov

Δημοσίευση 25 Δεκεμβρίου 2010, 08:44 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Athens hotel occupancy rates  plummet in Nov
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Hotel occupancy rates in the Athens-Attica region were absolutely disappointing in the off-season month of November compared to the same month last year.

Hotel occupancy rates in the Athens-Attica region were absolutely disappointing in the off-season month of November compared to the same month last year.

A monthly report by the Union of Athens-Attica Hoteliers said the biggest decline in occupancy rates was recorded in five- and four-star hotels, 16.70 pct and 10.50 pct respectively; 6.10 pct in three-star and 10.4 pct in two-star hotels.

Combined with plummeting revenues per available room (17.20 pct in four-star hotels) the decline recorded reflects the fact that the Athens-Attica hotel market has become very “shallow” and the “undeclared” price war already in progress could lead to “cannibalistic” phenomena of earlier decades, the report mentioned.

As regards the occupancy rates in Athens hotels in the month of December, the holiday season atmosphere is absent and the decline in bookings is huge compared to past Christmases, union president Yiannis Retsos told.