Over Half of Mature Greek Hotel Investments Left Without Funding, Hoteliers' Chief Warns

More than half of mature Greek hotel investment projects have failed to secure financing, the head of Greece's national hoteliers' federation said, warning that a selective and increasingly cautious tourism market is straining the sector despite record arrivals. Yannis Hatzis, president of the Panhellenic Federation of Hoteliers, told iefimerida in an interview that the shortfall stemmed largely from a disputed reallocation of Recovery Fund resources, calling it "a real shame" that projects a...

By ANTHEE CARASSAVA