Hotel investments seen hitting 6.2 bln euros over next five years


Hotel investments in Greece seen hitting 6.2 bln euros over next five years

Greece's tourism industry will need investments in hotels over the next five years worth 6.2 billion euros on continued strength in the sector, according to a report from PwC.

Of this total amount, 4.8 billion euros are seen going to upgrading the existing network, while one billion euros will be used to build new hotels, said the report PwC prepared along with INSETE. An additional 300 million euros is estimated to go to maintain current facilities, bringing the total investment to 6.2 billion euros.