According to the recently released Hotel Study 2003 (based on data of the fiscal year 2002) the profitability of Greek hotels has deteriorated, mainly due to a drop in RevPAR by 5 - 10%, depending on the category and type of hotel.

The graph below refers to a selected sample of hotels participating in 2 consecutive hotel studies:

This picture is also confirmed by the fall of the main profitability index GOPPAR (GOP per available room) by 5%, as well as by other data presented in the 50-page study. The Hotel Study 2003 includes market, operational and financial data for the following specific categories, as well as for all hotels:

• Luxury
• A Class
• B Class
• C Class
• City Hotels, De Luxe and A Class
• Resort Hotels, De Luxe and AClass

Hotel Study 2003 was carried out under auspices of SETE, with the support of Travel Daily News. For more information please contact the Project Manager of the this study, Aris Ikkos