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JBR Hellas reports

Low profitability for hotels in Greece

According to the recently released by JBR Hellas Hotel Study 2003 (based on data for fiscal year 2002) the profitability of Greek hotels has…

According to the recently released by JBR Hellas Hotel Study 2003 (based on data for fiscal year 2002) the profitability of Greek hotels has deteriorated, mainly due to a drop in the RevPAR by between 5 and 10%, depending on the category/type of the hotel.



The following table refers to a selected sample of hotels participating in 2 consecutive hotel studies and gives the picture at a glance.







Source: Hotel Study 2003, JBR Hellas



This picture is also confirmed by the fall in the main profitability index GOPPAR (GOP per available room) by 5%, as well as by other data presented in the Study. Hotel Study 2003 includes market, operational and financial data for the following specific categories, as well as for all hotels:



Luxury

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