Overnight stays in short-term lease properties in Greece exceeded 9.3 million in the first half of the year, according to figures announced on Monday by Eurostat, and compiled from data by AirBnb, Booking, Expedia Group and Tripadvisor.
Specifically, the biggest number of those overnight stays were recorded in May and June, and exceed the figures for the corresponding periods in 2022 and 2019, the record-breaking year for Greece’s tourism sector.
The Greek government has tabled legislation making the framework governing short-term property leasing in the country, so-called “AirBnB” lodgings, stricter.
Such legal changes, if enacted, will mark the first time since 2017 that legislation affecting this booming sector of the tourism industry has been introduced in the east Mediterranean country.
Among the stricter provisions envisioned is one that transforms an individual taxpayer into a business operator if exploiting more than three properties on short-term lease/stay platforms. In other words, a personal tax code number appearing on three or more such properties – regardless of location – will mean that the individual is imposed with a business tax rate of 22 percent of generated profits, while also being forced to tack on VAT to overnight stays and pay a standard hotel stay fee.
Latest News
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards
Syria’s Bashar al-Assad, His family Granted Asylum by Russia
Reuters also reported that a deal has been struck to ensure the safety of Russian military bases in the war-ravaged country
Greece to Introduce Artificial Intelligence into Its Education System
Currently, Greece is taking its first steps to bring AI into classrooms through the AI4edu program, which is being co-funded by the European Union