Tag: hotel

Greece’s hotel sector continued to post steady growth in 2025, with revenues rising by 7.7 percent year-on-year in the first nine months, according to the latest Greek Hospitality Industry Performance report by GBR Consulting. According to the data, resorts led the performance, posting the strongest gains in room revenue, while Athens and Thessaloniki showed mixed […]

The “Pearl of the Ionian Sea” — Corfu — is entering a new chapter in luxury marine tourism. The Hellenic Parliament has officially approved a €50 million investment for the construction of a state-of-the-art superyacht marina, positioning Corfu among the Mediterranean’s premier luxury nautical destinations. The new marina will be developed as a modern tourist […]

According to the latest monthly report from INSETE, the Research Institute of the Greek Tourism Confederation (SETE), Greece’s tourism industry is on track for a historic record in 2025. Visitor arrivals, tourism revenue, and the short-term rental market have all reached new highs, confirming Greece’s position as one of Europe’s most attractive destinations. Surge in […]

According to a new report by the National Bank of Greece (NBG), Greece attracts over 11% of all island tourists worldwide, securing its position as one of the world’s leading island tourism destinations. The study, titled “Greek Islands,” highlights that the country’s islands play a central role in driving Greece’s tourism growth, while also facing […]

Tourist accommodation generated €4.893 billion in total revenue in the first eight months of the year, 7.9% more than in the same period last year. According to data from the National Statistics Institute (INE), the Algarve was the region that contributed the most to these figures. According to rapid tourism statistics, national tourist accommodation establishments […]

After the great success of MPEF I, Mercan proudly presents Mercan Private Equity Fund II (MPEF II) – offering global investors a secure and sustainable investment opportunity. Fund Highlights: 👉 Watch the full details video:

Greece’s hotel market has fully rebounded from the pandemic years, recording a 26 percent rise in revenues between 2021 and 2024, according to a new study by analytics firm ICAP CRIF. The data indicated that the sector’s strong rebound came in 2022, when total revenues surpassed 2019 levels. In 2024, four-star hotels generated the largest […]

Athens has emerged as one of the top summer picks for American travelers, according to a recent survey by travel search engine Kayak. To gauge interest in luxury travel, the agency analyzed searches for business and first-class flights, four- and five-star hotels, and premium car rentals during the same periods. The Greek capital proved especially […]

Located in the heart of Alfragide’s business center, the newly opened Moxy Alfragide Lisboa by Marriott is a four-star vibrant lifestyle hotel that marks Mercan Group’ first hotel in Lisbon and the 15th hotel opening in Portugal. Just minutes away from Lisbon International Airport and some of the city’s main tourist attractions, the hotel offers guests […]

Record revenue from tourism was reached in the first half of the year, with UK, and especially US, tourists contributing decisively. The number of visitors increased only modestly, to 11.692 million visitors from 11.625 million in the first half of 2024, while spending per visitor increased significantly, to €622.70 from €565.40 last year.  This gain […]

Located in the heart of Porto’s historic Lapa district, Lapa II, the newly opened wing of the Renaissance Porto Lapa Hotel by Marriott, is redefining five-star hospitality in one of Portugal’s most iconic destinations. Rising on a privileged hilltop with sweeping views over the city, this expansion marks another milestone for Mercan Group and strengthens […]

Greek hotels lag their European counterparts in operational profits. Data provided by the Institute of the Greek Tourism Confederation (INSETE), show that gross operational profit margins in 2023 ranged from 22-24% of turnover for 2- to 4-star hotels, rising to 27% for 5-star ones. In Europe, the lower category hotels have slighter profit margins than […]

Summer 2025 opened with modest gains for Greece’s hotel sector, as both occupancy levels and room rates in June edged up compared to the same period last year, according to a report by the Institute for Tourism Research and Forecasts (ITEP). Based on a sample of 440 hotels, the study—commissioned by the Hellenic Chamber of […]

Located in the heart of Vila Nova de Gaia, the newly opened Origine Porto Gaia, a Tribute Portfolio Hotel by Marriott is a five-star luxury hotel that invites guests to begin their own story in one of Portugal’s most iconic destinations. Overlooking the Douro River and surrounded by the city’s historic charm, the property marks […]

Greece is gaining ground among long-haul travellers, with India showing the strongest rise in travel intent, according to new data by INSETE, the research arm of the Greek Tourism Confederation (SETE). The report highlights how Greece is securing a firm foothold in key non-European markets — notably the United States, Canada, Australia, and increasingly, India […]