Greece's high-end hotels reported a marginal increase of 3 percent in terms of market value between 2016 and 2017, according to estimates included in an ICAP study, issued this week, on the specific sector for the previous year.
Greece's high-end hotels reported a marginal increase of 3 percent in terms of market value between 2016 and 2017, according to estimates included in an ICAP study, issued this week, on the specific sector for the previous year.
So-called luxury hotels were shown as increasing by 3.5 percent in the specific market value category; 4 percent for first category hotels and only 1 percent for second category hotels (corresponding mostly to four-star units).
The study by the Athens-based Business Services Groups company added that first-category (A, or five- to four-star hotels) held 44 percent of the total market share in 2017.