The first five months of 2024 for Athens hotels closed with an average occupancy rate of 72.3%.
In fact, the current occupancy rate has increased by 4.8% compared to last year, the Association of Hoteliers of Athens, Attica and Argosaronicos highlighted in a statement. May recorded the best occupancy rate in previous months (86.2%), but compared to May 2023 there was a decrease of 2.7%, Athens hoteliers emphasize.
Meanwhile, the average room rate (Μέση Τιμή Δωματίου, ADR) and revenue per available room (Έσοδο ανά Διαθέσιμο Δωμάτιο, RevPar) show several better performance compared to the corresponding period in 2023. In particular, the average room rate (ADR) for the first five months of 2024 was 127.15 euros (an increase of 8.8% compared to the first five months of 2023), and the revenue per available room (RevPar) was 91.90 euros – compared to €80.58 in the first five months of 2023 (up 14%).
May, as you know, is considered a peak month for the capital, as is June. And by definition, higher performance is always expected. The average room rate (ADR) in May 2024 was €178.16 (up 15.6% compared to May 2023) and the revenue per available room (RevPar) was €153.50 (up 12.4%). % compared to May 2023).
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