Hospitality industry

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Property investment companies are expected to swing further towards the tourism sector, particularly in the city hotel domain, as was the case this week with the acquisition by listed firm Grivalia Properties of such a property in Thessaloniki.

Three-star hotels in Greece offer tourists notable opportunities for securing relatively good prices - given the period - even at the most popular destinations, according to several online booking sites monitored by Kathimerini. In contrast, online rates for four- and five-star hotels with available beds are typically beyond what most Greeks can afford.

Hotel occupancy rates in Istanbul soared in May, but the city's hotels remained to be the cheapest across Europe, according to a leading tourism association. 

The Hotels Association of Turkey (TÜROB) also noted that hotel occupancy rates in the Mediterranean resort of Antalya continued to decline, despite the recent flock of Russian tourists into the province. 

Towering cranes dot the Havana skyline as communist-run Cuba races to build luxury hotels, amid indignation among some residents and concern that U.S. President Donald Trump might reverse a detente that fueled the tourist boom.

Turkey's hotel occupancy rates rose in March after months of decline thanks to a surge in the number of business meetings and the sharp rise in the number of Iranian tourists visiting Turkey during the Nevruz holiday. However, hotel revenues have continued to decline in the first quarter of 2017, a leading sector association announced on April 27. 

The Russian Tour Operator Coral Travel’s “Starway World Best Hotels” are awarded to the 100 best hotels as voted by the Russian tourists themselves.

The award ceremony took place in Moscow on March 14th during the MITT tourist exhibition.

France's AccorHotels and Turkey's Rixos Hotels signed a strategic partnership deal to expand mainly in the luxury segment, Reuters reported March 6. 

Under a long-term joint venture, both parties said they intended to collaborate, develop and manage Rixos-branded resorts and hotels around the world, according to statements from the companies. 

Greek hotels are in the top 3 regarding online reviews, according to the results of the 2017 Global Hotel Reputation Benchmark Report.

As the world faces numerous challenges such as climate change, social inequalities and global conflicts, businesses realize the increasing necessity to become more aware of the impact of their business practices on the environment but also on the rest of the society and take the responsibility for the effects.