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Athens’ Hospitality Industry

Athens’ Booming Hospitality Industry

ID: RR1524

Athens’ Booming Hospitality Industry – Bubble or a Growing Pie?

The pandemic appears to have sharpened the appetite of Greek and foreign #investors who are betting on a brilliant tomorrow for the nation's #capital. And we can understand why;
With the #Greek government handling Covid smoothly and focusing on extrovertion, it is no lie that more and more people want to visit Greece even for just the weekend.

Athens is without a question an ancient city with a modern soul. It has been celebrated for its world-famous ancient treasures and it has become one of Europe’s most exciting cities to visit, filled with creativity, a vibrant food & drink scene and new neighborhoods that tourists adore discovering.

Athens is emerging as one of the most exciting and popular city break destinations in Europe today. The number of city break visitors of Athens increased by 600 percent between 2013 and 2018.
According to the reports shared by Europeans, and the US; In the next 10 years, the Greek tourism industry will be 10 times bigger. In 2009 the number of international tourists that arrived increased by 14.9 million, and in 2016 it reached 24.8 million. Besides that, the report shared by WTTC showed that growth in 2019 was 30 million and it will increase to 50 million by 2030.
Let's not forget that Greece's heaviest industry is tourism and the average expenditure per traveler increased from 652.50 euros to 705 euros which was an eight percent increase, boosting the tourism sector, especially in the hospitality businesses.
Alpha Bank said that travel receipts during the first half of 2022 boosted state revenue, which amounted to 41.8 billion euros compared to 35.3 billion euros in the same period of 2021, registering an increase of 18.5 percent.
The more options you have, the greater your chances of success are and Athens is full of investment opportunities!
So if you are thinking of investing in the tourism sector in Athens today is a perfect time. Don't miss your chance, complete the form and have a private consultation session with our team.

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