Labor Cost Trends in 2020

To minimize the negative impact on profits, management had no alternative but to take drastic action. In 2019, total labor costs and related expenses comprised 50.2 percent of hotel expenses through GOP. Therefore, operators naturally looked at cont…

GBR Hospitality Newsletter 2021 Q2

This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments. …