TripAdvisor, the world’s largest travel site, can exclusively reveal that hotel prices in a number of popular Greek holiday resorts have dropped substantially over the past year, with the island of Corfu experiencing a remarkable average decline of 20%* in its nightly room rates. Other destinations to see a significant drop in hotel prices include Zakynthos, Kos and the capital city of Athens.
Most of the nine popular destinations studied saw their hotel rates drop by 8% or more, with the exceptions of Mykonos and Santorini which have remained relatively stagnant.
“While the Greek economy has experienced a traumatic year, the silver lining for tourism could be an increase in visitors due to the lower prices in many of its popular destinations, commented Emma Shaw, TripAdvisor spokesperson. “There are some excellent hotel deals to be had in Greece at the moment, and with hotel prices coming down, it could be a great time for Brits to plan a 2012 holiday to Greece.”
Popular Greek holiday resorts which have seen a year-on-year decrease in hotel prices**:
| Destination | Average nightly hotel rate: One year ago | Average nightly hotel rate: Now | Change in price |
| Corfu | €99.27 | €79.07 | 20.3% drop |
| Zakynthos | €86.96 | €76.16 | 12.4% drop |
| Kos | €75.06 | €67.86 | 9.6% drop |
| Kefalonia | €107.85 | €99.05 | 8.2% drop |
| Athens | €81.02 | €74.66 | 7.9% drop |
| Crete | €85.75 | €79.16 | 7.7% drop |
| Rhodes | €96.82 | €91.42 | 5.6% drop |
| Santorini | €162.08 | €161.91 | 0.1% drop |
| Mykonos | €160.04 | €161.09 | 0.7% rise |
For more information on visiting Greece, visit http://www.tripadvisor.co.uk/Tourism-g189398-Greece-Vacations.html
*Percentages shown specify the average change in per room per night hotel room cost at hotels found on TripAdvisor in that destination when comparing 1 November 2010-16 January 2011 against the same dates one year later. Between 22 and 401 hotels of various star-ratings were checked for each destination, for a total of 1,299 hotels checked across all nine destinations.
**Prices shown indicate average per night per room per night hotel cost in that destination. Between 22 and 401 hotels of various star-ratings were checked for each destination, for a total of 1,299 hotels checked across all nine destinations. Prices in the ‘One year ago’ column denote the average per night per room cost from 1 November 2010-16 January 2011. Prices in the ‘Now’ column denote the average per night per room cost from 1 November 2011-16 January 2012.
