Greece: Hotels suffer horrific slump

Santorini (Photo: Pixabay).
Santorini (Photo: Pixabay).

Greece: Hotels suffer horrific slump

Santorini (Photo: Pixabay).
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Not only the hotel industry in this country is suffering from the corona measures. The Greek companies are also struggling to survive.

And only the strong survive. However, most of them lose this battle. Only 863 year-round hotels were retained by the Greeks in December - that is, only 22 percent. Money worries and existential fears force people to throw in the towel. Who can hold it against them. In the past year alone, there was a drop in sales of 78 percent. While the companies generated almost 2019 billion euros in 8,3, it was only around 1,8 billion euros in the Corona year. On average, only one in five accommodations was able to survive the effects of Covid-19, reports news.gtp.gr. 

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Editor of this article:

Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

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