Lodging saw a significant current value decline in 2020, and although a rebound is expected in 2021, it is from a low base and sales will remain low compared with the pre-pandemic level. Hotels saw an above-average decline in 2020, although an above-average rate of recovery is projected in 2021.
The current value sales of campsites fell strongly in 2020, and despite a rebound are expected to remain lower in 2021 compared with 2019. Nevertheless, campsites have been less affected than other lodging, as travellers have felt safer outdoors.
Compared with 2020, more hotels opened in 2021, and if the season performs well, most large businesses will manage to survive the COVID-19 crisis and reopen as normal from 2022 onwards. Nevertheless, budget hotels is expected to be the first to return to its 2019 level of sales, as many consumers will remain price-sensitive.
Other lodging is set to take longer to recover to the 2019 pre-pandemic level of sales than other lodging categories. Whilst hotels and short-terms rentals are expected to reach this target in 2025, other lodging is not projected to achieve this even by the end of the forecast period, with this applying to all categories – campsites, hostels and other lodging types.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
Understand the latest market trends and future growth opportunities for the Lodging industry in Greece with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Lodging industry in Greece, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This report originates from Passport, our Lodging research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Home Page