Athens hotel rates have soared

After a temporary dip in August, price increases at Athens hotels resumed in September, setting the average cost of accommodation for their guests in the first month of the fall almost 40% higher than the levels of 2019, the last year before the pandemic and a record year for Greek tourism.

High occupancies attributed mainly to the emergence of the capital as an independent international destination but also to a significant number of international conferences taking place there, as well as inflation, have driven average room rates to record-high levels.

According to the latest data by the Hotel Association of Athens, Attica and Argosaronicos (EXAAA), the average rate per night in September reached 171.35 euros against €143.94 in September 2022 and €123.67 in September 2019. That is, an increase of 19% and 38.6% compared to September 2022 and 2019 respectively.