Old renovated house in Albania. Via @mrizi_i_zanave
Tag: thoughts
Ανησυχία ξενοδόχων: Πτώση πληρότητας και τιμών τον Ιανουάριο στην Αθήνα
Με μια αξιοσημείωτη πτώση της τάξης του – 8,7% στην Πληρότητα, του – 10,1% στο Έσοδο ανά Διαθέσιμο Δωμάτιο (RevPar) και του -1,8% στη Μέση Τιμή Δωματίου ξεκίνησε το 2019 για τα αθηναϊκά ξενοδοχεία (Ιανουάριος 2019, έναντι Ιανουαρίου 2018).
Ακόμη πιο εντυπωσιακό αποτελεί το γεγονός ότι η Αθήνα σημειώνει τη μεγαλύτερη πτώση πληρότητας και τη μεγαλύτερη πτώση RevPar Continue reading »
Focus on Attica
From the sunny slopes of the Acropolis to the sunny shores of the up and coming Athens Riviera, there is a new buzz around greater Athens these days. Home to almost four million people – more than a third of the population Greece’s largest province, Attica, is resurgent after bearing the brunt of the country’s almost decade long financial crisis. In the past two years in particular, greater Athens has seen a revival in everything from city center night life to hotel development to new hi-tech start-ups.
Development of the Athens Riviera is taking off with the redevelopment of the former Athens airport, a mega-project that Continue reading »
Investing in Greek Tourism
Even as Greece’s summer tourist crowds thin, tourism investors are flocking to Athens to discuss opportunities in the country’s hotels, resorts and marinas.
In October, the Greek capital was the site of two major global conferences – on Mediterranean resorts and hotels, and on marinas confirming the growing interest in Greek tourism properties.
Greece has seen five record years of tourist arrivals and is expected to welcome more than 30 million visitors in 2018. And, according to a recent joint opinion poll by real estate platform Continue reading »
News in Brief
Growth Prospects
Greek think tank IOBE sees economic growth accelerating to 2.1% this year from an estimated 1.3% rate in 2017. The estimate is broadly in line with the official Greek government and Europe- an Commission forecasts, both of which see GDP growing at a 2.5% rate this year. Greece’s revised 2017 GDP data is due to be released in early March.
Tesla Greece
Leading U.S. electric automobile manufacturer Tesla is setting up an R&D facility in Greece to tap local scientific expertise in electric motor technology. The facility is expected to employ Continue reading »
More American Tourists in 2018
The U.S. State Department has included Greece in its top category of safe destinations for American travelers to visit under its newly created travel advisory system. U.S. Ambassador to Greece Geoffrey Pyatt said on Twitter: “I’m looking forward to seeing even more American tourists here in Greece in the year ahead.”
Tourism in the Peloponnese gains momentum
Tourism in the Peloponnese is gaining momentum, which is driven by the area’s upgraded infrastructure, the development of thematic travel products and promotional activities run by regional authorities.
Kalamata City, Photo: mythicalpeloponnese.gr
Ermionida, Argolis Photo: G.Ktizein
More specifically, the area was recently included among the 50 best places to travel in 2018 by the Travel+Leisure Magazine, along with Buenos Aires in Argentina, Marrakesh in Morocco and the Fiji Islands. Continue reading »
The total contribution of tourism to GDP is expected to increase in 2017
In 2017 tourist arrivals are expected to hit a new record high and tourism receipts to recover from last year’s decline , as Greece is considered to be a safer destination compared to its neighbouring peers and is offering high quality hospitality. (Chart 17).
According to the latest Bank of Greece data , tourist arrivals (excluding cruises) in the first eight months of 2017 increased by 9.9% yoy, compared to an increase of just 1.3% in the same period of 2016, while travel rece ipts increased by 9.1%, compared to a sharp drop by – 9.1 % in the first eight months of 2016.
Especially in August 2017 , tourism receipts increased by 16.4 % yoy (from – 13.0 % yoy in August 2016 ) and arrivals by 14.3 % yoy (from +1 .8% in 2016 ). In August alone, foreign visitor arrivals reached 5.8 million – the highest number ever for this month (Chart 18).
According to Greek Tourism Confederation estimates (May 2017), in 2017 tourist arrivals (including cruises) are expected to reach approximately 28.5 million and receipts to increase by 7.5% yoy. In addition, according to the World Travel and Tourism Council, the total contribution of tourism to GDP in 2017 is expected to increase by 6.9% to approximately 20%.
source:
part Alpha Bank/greece economic and financial outlook
Ερμιονίδα- «Σωσίβιο» για την περιοχή το φυσικό της κάλλος, λείπει η σοβαρή και συστηματική προώθηση…»
Αναδημοσιεύουμε από την εφημερίδα “Ενημέρωση Πελοποννήσου”
Έρευνα: Κώστας Πρώιμος
Με αιτία και αφορμή την απερχόμενη τουριστική σεζόν καταγράψαμε τον απολογισμό της, μέσω των συνομιλιών μας, με τέσσερις γνωστούς επιχειρηματίες, που δραστηριοποιούνται στην Ερμιόνη και το Πόρτο – Χέλι.
Το κύριο εξαγόμενο συμπέρασμα της ακόλουθης έρευνας, αποτελεί η διαπίστωση πως η «Τουριστική» Ερμιονίδα, παρά τις σοβαρές ελλείψεις σε αναπτυξιακές υποδομές, καταφέρνει μέσω παρατεταμένης ύφεσης να επιβιώνει, χάριν πρωτίστως στο φυσικό της κάλλος και τις ιδιαιτερότητές της, που την καθιστούν θελκτική, σε όσους την επισκέπτονται είτε συστηματικά, είτε για πρώτη φορά…
Πάντως, εν όψει κοσμογονικών εξελίξεων, στο γεωπολιτικό χάρτη και τα διεθνή οικονομικά συστήματα, ο έμπειρος επιχειρηματίας κ. Παναγιώτης Γούτος, «κρούει τον κώδωνα του κινδύνου», ισχυριζόμενος πως είναι επιτακτική ανάγκη, η δημιουργία ενός ενιαίου Τουριστικού φορέα προώθησης και προβολής της Ερμιονίδας, αλλά και των γειτονικών νησιών Σπετσών και Ύδρας… συνθέτοντας ένα «μαγικό» τουριστικό τρίγωνο…
Παναγιώτης Γούτος- (GODAI): «Η εφετινή χρονιά για την επιχείρησή μας που αποτελεί και μια καινούρια επένδυση στην περιοχή, μπορώ να πω ότι ήταν καλή και φαίνεται πλέον ότι «πατάμε» γερά για τρίτη συνεχόμενη σεζόν, χάριν στην επιμονή μας για ποιότητα και παροχή υψηλών υπηρεσιών… Θέλω όμως να επισημάνω πως, κανένα GODAI ή άλλη τουριστική μονάδα, δεν μπορούν από μόνες τους να σηματοδοτήσουν την περαιτέρω ανάκαμψη της περιοχής μας. Καθώς δεν υπάρχουν υποδομές προς αυτή την κατεύθυνση, ούτε και οργανωμένο marketing από τους καθ΄ ύλιν αρμοδίους… Continue reading »
Avoiding Capital Controls: Real Estate Revenues From Foreign Buyers Deposited in Banks Abroad
The majority of revenues of Greek luxury real estate transactions acquired by foreign nationals remain in banks outside of Greece, sources have reported.
In fact, many of the Greek sellers are even prepared to travel abroad in order to close contracts and open foreign bank accounts where they then deposit their profits. A major motivation for sellers opening bank accounts when dealing with the luxury real estate market and foreign buyers is to avoid capital controls imposed on Greek banks.
Unfortunately that means that the money spent on luxury Greek properties by foreigners never enters the Greek credit system and only some of it enters the Greek economy, but is impossible to track back to its original origin.
After the imposition of the capital controls [at end-June 2015], the cases of sellers requesting that money be deposited abroad have multiplied. Of course such transactions are entirely legitimate and taxed in Greece, but the revenues remain in other countries.
