Up to 1000 hotels in Greece are facing closure
Greek hoteliers are struggling to keep their properties open in the face of reduced bookings
Published 20 March 2012 in News
Up to 1,000 hotels in Greece are facing closure in the next few weeks.
The Hellenic chamber of Hotels reportedly said that some 10 percent of the country's hotel owners were planning to sell-up after official figures predicted tourism revenue for 2012 would be 5% down on last year.
Recent anti-German protests in Athens involving the burning of the Nazi flag has resulted in a fall for 25 percent in bookings from German nationals.
Bookings from British and Irish tourists is expected to drop around 10 percent.
Reports in the Sunday Times said 10 hotels were for sale on Cephalonia, two agencies in Corfu have 42 properties for sale, with prices beginning at £290,000, while an agency in Crete has 75 hotels on its books.
Be the first to leave a comment
Add Your Comment
Related ItemsAthens Top Ten
Demand for flights to Spain falls by 18% due to strike threat
Six reasons to visit the Cyclades Islands in Greece
Hotel Review: Avli Lounge Apartments, Crete, Greece
Top Tips About Tipping
Trouble in Greece
Mount Athos, the men-only region of Greece
Six ski resorts in Greece
Travel Guide to Mykonos, Greece
Easycruise Life - A Budget Cruise To Greece With Glamour
Greek islanders protest unruly British tourists
Top Ten European beach hostels
Single Travel to Western Crete - but not alone