There is a host of new hotels emerging in Athens, Thessaloniki and the rest of Greece. According to a survey by GBR Consulting, a large number of hotels will be operational this year. These are investments that meet an increased demand due to the rise in foreign tourist arrivals.

Tax evasion to the tune of millions of euros was detected by the Independent Public Revenue Authority in top tourist destinations in June.

Cyprus is a leader in the hotel industry within the European Union and hosts the largest amount of 5-star hotels, regarding its population ratio.