Revenue losses in Greek hotels in Attica and Thessaloniki are estimated at €350 million for the first half of the year, thanks to the forced closure of all businesses for several weeks during the pandemic. But the losses didn’t end in June, when the restrictions were lifted, with only 21 percent of the rooms available for rent in Attica and 42 percent in Thessaloniki.
The occupancy rate for hotels in Thessaloniki was 35 percent, but that figure is for the 42 percent of hotels that were actually open. Overall, hotels in Thessaloniki, including those that remained closed, had an occupancy rate of only 14% in June. It’s a major blow to the Greek hotel sector, which had recorded strong revenue growth during January and February compared to the first two months of 2019.
