For sure, during the crisis, Greek hotels as almost every hotel in the world faced some difficulties. To
be honest people thought that the crisis would have huge consequences in Greek hotels. Apparently,
the situation was not as bad as expected to be. It Is true that hotel revenues have much decreased as
hoteliers have tried to keep their prices on the best price level (which is definitely much less than it
was) so that people have an initiative to travel and stay in hotels. Although hoteliers had to plan their
steps, they tried to fire as much fewer employees as possible telling them that as soon as the crisis is
over and hotels starting to operate normally, they will have a position offered to them.
It is hard for employees to stay calm but research have shown that in 2011 hotels will start to
operate as before and that prices will start increasing again. Hotels and tourism in general is expected
to start increasing.
Posted by Katerina Argyros
http://www.grreporter.info/en/luxury_hotels_are_least_damaged_crisis/3635#
It's really good to know that hotels haven't suffered too much in Greece, especially after their recent economic crisis.The one really great benefit that Greece has is that even if tourism is in a general decline, it won't affect Greece too much because there is always a high demand for tourism there. Hopefully, if the hotel and tourism market does increase in the next year, it'll help Greece recover just a little bit quicker.
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