Up to 1000 hotels in Greece are facing closureGreek hoteliers are struggling to keep their properties open in the face of reduced bookings Published 20 March 2012 in News |
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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. CommentsBe the first to leave a comment Add Your CommentPlease note: all comments will be manually verified by our staff before appearing on the site. Please do not try and spam and do not use offending language. If you want to be notified when your post has been published, add your email address below. Related ItemsEasycruise Life - A Budget Cruise To Greece With GlamourCruise Review: Italy and Croatia on Celebrity Silhouette Weddings Abroad Single Travel to Western Crete - but not alone Demand for flights to Spain falls by 18% due to strike threat Mount Athos, the men-only region of Greece Six ski resorts in Greece Six reasons to visit the Cyclades Islands in Greece Top emerging European destinations in 2011 Top Ten European beach hostels Travel Guide to Mykonos, Greece Athens Top Ten Greek islanders protest unruly British tourists Top Tips About Tipping Hotel Review: Avli Lounge Apartments, Crete, Greece News Archives |