The viability of small hotel units is being driven onto a very difficult path due to the further burdening from the increase in taxation and their inability to take out loans from the banks, the president of the Hotels Chamber of Greece Giorgos Tsakiris stressed on Wednesday.
According to Zakynthos island hotels president Christina Tetradi, hotel units of an under-150 bed capability are operating marginally and are only meeting their expenses. These units are surviving because they are mostly family businesses and staffing needs are met by members of the family, she added, noting that otherwise the labor cost would skyrocket, rendering the hotels unable to stay in operation.
Cephalonia hotels president Spyros Galiatsatos told AMNA that despite an ‘expected’ increase in tourist arrivals in 2013 the small and even the larger hotel units will once again have to wage a struggle for survival. Galiatsatos referred to very low-price contracts, stressing that “We are cheaper even than Turkey and Egypt… It’s the lowest we can go”.
Roughly 6,000 hotel units face the danger of shutting down while the number of hotel units of all categories throughout Greece is estimated at 9,500.