Despite cost trimming, Asteras resorts posts losses for 2015

7 March 2016
550 Views

The Asteras resort in the coastal southeast Athens’ district of Vouliagmeni recorded a loss-making year in 2015, despite a positive season for the tourism sector as a whole in the country.

Despite a cut in operating costs, uncertainty in early 2015 over upscale resort’s management – given that a contract with Starwood Hotels & Resorts expired – failed to keep the group in the black. Nevertheless, the resort significantly improved results compared to the previous year, with losses reduced by 35 percent, yoy,

Consolidated turnover fell by 13 percent, compared to 2014, with analysts pointing to two reasons, one of which was the cancellation of the Poseidonia shipping exhibition.

The Asteras resort group had earned revenue worth 2.5 million euros in 2014 from the specific exhibition. The other reason was that the resort – which at one point featured three hotels and individual suites in what’s considered as the best coastal site in the greater Athens area – found itself without a pre-booking and reservation system in early 2015.

You may be interested

Ankara blocks inspection of Turkish ship by German frigate in Libya (video)
SLIDE
shares15 views
SLIDE
shares15 views

Ankara blocks inspection of Turkish ship by German frigate in Libya (video)

makis - Nov 23, 2020

Ankara has prevented a German frigate, participating in the European Union’s “IRINI” mission, from inspecting a suspected Turkish cargo ship…

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks
WORLD
shares26 views
WORLD
shares26 views

Biden Deputy Chief of Staff pushed “mandatory” firearm buybacks

Panos - Nov 23, 2020

Jennifer O’Malley Dillon, would-be White House Deputy Chief of Staff for a Biden administration, managed Robert ‘Beto’ O’Rourke’s 2020 campaign and pushed…

The Greek island with the 235 Churches you must visit (drone video)
GREECE
shares37 views
GREECE
shares37 views

The Greek island with the 235 Churches you must visit (drone video)

Panos - Nov 23, 2020

Greece has been blessed to be sprinkled with hundreds of islands around its shores, with each offering visitors something unique.…

Leave a Comment

Your email address will not be published.