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Athens hotels’ 2022 performance strong, but lower than in 2019

Ηotels located in Athens and the Attica region recorded an average occupancy rate of 69.1% in 2022, up from 54% in 2021, but significantly lower compared with an average rate of 77.4% in 2019, the Hoteliers’ Association of Athens and Attica said in a report on Thursday.

However, December figures were encouraging, since average occupancy rate was 7.9% higher compared with 2019.

The report said that, according to the European Benchmark, average room prices in Athens were lower compared with the city’s competitors, like Istanbul, with revenue per available room at 83.95 euros on average in 2022, up from 82.20 euros in 2019. This despite the fact that costs rose because of a spike in the inflation rate. Revenue per available room grew 63.1% in 2022, compared with 2021.

 

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