Based on the monthly hotel performance survey conducted by GBR Consulting on behalf of the Hellenic Hotel Federation, the Greek hotel sector showed during Q3 2022 a decline of the number of room nights of 5 – 7%, while the revenue index showed an increase of 19% compared to the same period of 2019. YTD […]
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U.S. hotel gross operating profit per available room (GOPPAR) improved from the month prior and exceeded the pre-pandemic comparable, according to STR‘s September 2022 P&L data release. Additionally, the cost of labor per available room came in higher than the pre-pandemic comparable for the first time. • GOPPAR: US$84.03 • TRevPAR: US$222.97 • EBITDA PAR: […]
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Winter Garden City Lounge of Hotel Grande Bretagne brings its grandiose brunch experience to the heart of the city. Weekends at Winter Garden, curated by Executive Chef Asterios Koustoudis, returns featuring a renewed menu with fresh baked goods created daily basis in the new in-house bakery of the historic hotel. The journey begins with a […]
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Zeus International and the hotels managed, were awarded with 5 Gold, 9 Silver and 2 Bronze awards at the Greek Hospitality Awards 2022, which were held for 8th consecutive year. Specifically, Wyndham Athens Residence in Athens, Wyndham Grand Crete Mirabello Bay in Crete, the new Ammoa Luxury Hotel and Spa Resort in Halkidiki and KoSea […]
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Xenia presents the new project Architect Lab, beginning with its 2022 event (November 26-28, Metropolitan Expo). The Architect Lab is a new, pioneering project, exclusively dedicated to innovative architectural materials and fabrication solutions, “invites” architects, decorators, and engineers in a creative coupling with contemporary hospitality business needs. The project will be built at Hall 2 […]
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HOTREC, the European Association of Hotels, Restaurants and Cafés in Europe, calls on Energy Council Ministers to cut down the energy prices and save thousands of hospitality businesses from bankruptcy. The hospitality sector is a strong contributor to the EU economy, representing 2 million companies (90% of them being micro-enterprises), and employing 12 million people. […]
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Sani/Ikos Group (SIG), the leading luxury beach resort group in the Mediterranean, and GIC, global institutional investor, have entered into a strategic partnership under which GIC will become the leading shareholder alongside SIG’s management team. The transaction values the Sani/Ikos Group at €2.3 billion. The transaction is expected to close in the 4th quarter of […]
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Hotel Investment Partners (HIP), the largest owner of resort hotels in Southern Europe owned by funds managed by Blackstone, and Apple Leisure Group (“ALG”) a leading North American resort brand management, leisure travel and hospitality group, part of Hyatt, announced the opening of Dreams Corfu Resort & Spa on July 28 –formerly known as Corcyra Beach, […]
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On the unique land of Santorini, just a breath away from the world-famous Oia and in a truly picturesque setting, the traditional settlement of Finikia, Danae Suites Santorini welcomes its sophisticated guests to a new world of pure serenity and authentic elegance. True to its motto “Following the Cycladic Light”, this beautiful boutique hotel offers […]
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W Hotels, part of Marriott Bonvoy’s portfolio of 30 extraordinary hotel brands, today announced the opening of W Costa Navarino. The highly anticipated Greek debut brings a vibrant and creative energy to Navarino Waterfront, the newest integrated resort area of Costa Navarino in the Mediterranean. The new W Escape is set within a scenic 13-hectare site, […]
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