Athens is ranked in 47th position in a list of 75 areas assessing the cost of hotel accommodation, while the country overall is considered very competitive, compared to other popular holiday destinations.
A study by one of Germany's largest tour operators, Dertour, presented by BusinessDaily, reveals that Greece and Athens have managed to remain highly competitive, adapting to pandemic conditions.
In the case of the Greek capital, the average cost is 92 euros per night and covers three, four and five star hotels, with Athens being the ninth cheapest European city. Of course, this amount tells half the truth about hotel revenues, as very low occupancy rates are not taken into account.
According to a relevant survey by GBR Consulting, at the end of September, the average income per room did not exceed 25 euros in Athens and Thessaloniki, reflecting low occupancy rates among city hotels.
On the other hand, the impact on revenues for hospitality companies becomes clear as price discounts were offered in addition to a drop in business. It is indicative that Corfu is the cheapest destination in Europe, with the average cost per night not exceeding 54 euros.
Higher up the scale, Mykonos and Santorini are in 7th and 14th place respectively in the world rankings (5th and 8th in Europe), but have seen revenue fall. In Mykonos, the average price for hotel accommodation is 165 euros, 56% higher than the global average of 105 euros per night. Of course, the variation depends on the quality of the accommodation being offered. The five-star units cost 329 euros per night, while those of the three stars cost only 77 euros. The four-star units cost 149 euros per night.
Regarding independent holiday homes, the rental cost is 288 euros. According to the survey, hotel prices have decreased by 18.5% compared to the same period in 2019.
Respectively, in Santorini, the average cost is 146 euros per night. Five-star units cost 353 euros, four-star units 155 euros and three-star places 71 euros. As for the holiday homes, the cost per night is 184 euros, much lower than Mykonos. The reduction in prices in Santorini was to the order of 17.7% compared to 2019.
Globally, the biggest decrease in hotel prices was recorded in Amsterdam, where the decrease hit 51.6%. Thus, the capital of the Netherlands is ranked 19th in the world, with an average cost per night of 132 euros. By contrast, the highest cost is found in Zurich, where despite a 10% drop, the nightly cost is at 210 euros, or 477 euros if it is a five star stay. High costs are also observed in Venice, Italy with 178 euros, but also a reduction in prices by 16% from 2019. Also, in Paris the average cost of hotel accommodation is 167 euros, 11% lower than in 2019. Respectively, in Marrakesh Morocco, daily living costs increased by 15%, despite the pandemic.
The lowest cost of accommodation is observed in areas where access is quite complicated, due to the coronavirus. Thus, in Phuket, Thailand, the average cost is just 25 euros, in Delhi, India, 29 euros and in Kuala Lumpur, Malaysia 31 euros. In Europe, apart from Corfu at 54 euros, low costs are also seen in Krakow in Poland and Prague in the Czech Republic at 60 and 62 euros respectively.
Dertour's research covers the period up until the end of September, utilizing online booking and accommodation sources. Prices are based on searches conducted in early August for a trip in late September.
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