GBR Consulting

Based on data up to September 2019 international arrivals at the 19 main airports of Greece increased by 3.3% y-o-y. Athens clearly outperforms the other airports with an increase of 11.8% y-o-y. Occupancy levels in Athens showed a small decline, while room rates increased marginally. As a result, RevPAR declined 1.3% y-o-y YTD September, but hotel supply in Athens has increased significantly in the upper categories over the past years and especially in the centre of Athens. Detailed analysis will be presented by the Attica Hotels Association later this month through a new report on guest satisfaction and hotel sector performance, conducted by GBR Consulting.

The airport of Thessaloniki recorded an increase of 5% y-o-y YTD September 2019. Occupancy at hotels in Thessaloniki declined slightly, while ADR increased a few percentage points, resulting in an improvement of RevPAR of 2.0% y-o-y YTD September 2019. In terms of supply we recorded a number of new openings in Thessaloniki and a pipeline of about 15 new hotel projects, mainly covering existing buildings which will be transformed into boutique hotels. These new units are expected to upgrade the hotel product in Thessaloniki.

The resort hotels showed a strong performance during Q3 2019. Total Sales per Available Room increased by 8.1% during Q3 leading to a YTD Q3 performance of 6.8% y-o-y. The 5-star resorts showed the highest improvement of RevPAR with 8.7% y-o-y, followed by the 3-star resorts of 6.3% y-o-y, while the 4-star resorts remained flat with 0.5% y-o-y YTD Q3.

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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.

GBR Consulting
4 Sekeri Street, 106 74 Athens, Greece
T (+30) 210 36 05 002
F (+30) 210 36 06 935

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