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Greek Hospitality Industry Performance - 1st Quarter 2013

Introduction

This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.

% Change in International arrivals1 in Greek airports, 2013 compared to 2012

Region
% Change Q1
% Change YTD Q1
Athens
-9.8%
-9.8%
Thessaloniki
-3.3%
-3.3%
Rest of Greece
18.8%
18.8%
Source: SETE, processed by GBR Consulting

% Change in RevPAR2 in Greek hotels, 2013 compared to 2012

Region
% Change Q1
% Change YTD Q1
Athens
-9.0%
-9.0%
Thessaloniki
-18.9%
-18.9%
Resort
44.3%
44.3%
Source: GBR Consulting

RevPAR in Competitive Destinations, 2013 compared to 2012

Region
% Change Q1
% Change YTD Q1
S. Europe
4.5%
4.5%
Rome
-1.0%
-1.0%
Madrid
-7.6%
-7.6%
Cairo
6.5%
6.5%
Source: STR Global, processed by GBR Consulting

Commentary

Greek Tourism sector optimistic for 2013

All hotels - forecast for 2013 as a whole

Barometer - legend

Outlook of Greece improving fast

Endnotes

1 The international arrivals statistics are based on SETE calculations compiling the data from 13 major airports of Greece, representing 95% of foreigners' arrivals by plane in Greece and 72% of total foreigners' arrivals. Thessaloniki airport does not distinguish between arrivals of Greeks and foreigners.

2 RevPAR : Revenue per Available Room; for Greek resorts, calculations are based on TRevPAR (i.e. Total RevPAR).

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