Oversupply Ηits Greek Hotels’ Occupancy Rates

February 10, 2020

ATHENS – An oversupply of beds in Athens is hitting occupancy and expenses of hotels in Athens, Evgenios Vasilikos, secretary general of the Athens – Attica & Argosaronic Hotel Association said on Monday.

In comments made to reporters, Vasilikos said he expected this problem to continue in 2020 since new hotels are opening in the capital while short-term leasing is on the rise. Athens hotels reported a 2.2 pct decline in their occupancy rates in 2019, while revenue per room fell 1.4 pct and average room price rose 0.9 pct.

Vasilikos said Athens seemed not to be affected by a Brexit and its consequences on tourism flows.


ATHENS - Finance Minister Christos Staikouras said he was "realistically optimistic" that Greece can - and will - move to high, sustainable and socially just growth and prosperity for all the society, despite the fact that crises are tending to become the new normal, while addressing the Economist conference on Monday.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


“We Got Our Miracle”: Freed Americans Back Home in Alabama

BIRMINGHAM, Ala. — Two US military veterans who disappeared three months ago while fighting with Ukrainian forces against Russia arrived home to Alabama on Saturday, greeted by hugs, cheers and tears of joy at the state's main airport.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.