Crete Tourism Arrivals Up 6.2% but Profitability Lags on Costs

Crete's tourism sector shows resilience with international air arrivals up 6.2% to 5.3 million in the first nine months, but hotel profitability is not improving proportionally due to high operating costs and discounting. This suggests a volume-over-value dynamic that may pressure margins for hospitality firms exposed to the region.

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