Only 10% of all hotels in Greece, ie 1,022 in absolute number, but 32% of hotel rooms belong to chain brands according to GBR Consulting.
As GBR Consulting explains, “branded chain” means that the hotel is part of an international brand with hotels in more than one country, or is part of a national brand with a presence in various geographical areas within Greece, or belongs to a local brand with presence with more than one hotel in a single geographical area and / or in a consortium, covering hotels that are part of a marketing partnership.
According to the research, there are 198 separate brands of all the mentioned types in Greece today, of which 63 are international.
Five star hotels belong by a large majority to branded chains, as 73% of them and 83% of the rooms are branded, while in the 4-star hotels the respective percentages are 23% and 40% respectively.
The last five years
Compared to 2016, the number of branded hotels increased by 65% and branded hotel rooms by 59%.
Some of the international brands that entered the Greek market in the last 5 years are from Marriott International (as Autograph Collection Hotels, Marriott Hotels and Moxy were introduced), Brown Hotels, Cook & Cook’s Club (both former Thomas Cook), Hilton Worldwide (with Curio Collection), Four Seasons, Wyndham Hotel Group (with Dolce Hotels & Resorts, Ramada, Wyndham Grand and Wyndham Hotels & Resorts), Accor (with Angsana, Ibis Styles and MGallery), Labranda Hotels & Resorts (FTI) , OKU Hotels and Pacha Group.
The map
In 2016, Athens, Lassithi (Crete) and Ilia (western Peloponnese) were the only areas with branded hotels accounting for more than 40% of hotel rooms. In 2021 the Dodecanese and Heraklion (Crete) were added to this category.
Finally, the prefecture with the most branded hotel rooms is the Dodecanese with almost 40,000 rooms, followed by Heraklion in Crete with almost 19,000 rooms and Halkidiki with about 9,500 rooms.
Latest News
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year
Council of State Rejects Motion Against Thessaloniki Motorway Project
The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction
Greek 30Y Bond Issue Oversubscribed by 11 Times
Very high demand pushed down the coupon's interest rate to 4.125%
Athens Int’l Airport Wins Top Prize at Routes Europe Awards
The Routes business is focused entirely on aviation route development and the company's portfolio includes events, media and online businesses