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Despite the Greek hoteliers assurances that the prices of hotel accommodation won’t increase more than 3% to 5%, trivago figures show that in many areas the hotel prices have doubled.According to trivago figures the hotel prices have risen compared to June 2013 with the highest increase being recorded in the island of Santorini. In Imerovigli village, a favorite destination for the international jet set, hotel prices have increased by 95% compared to June 2013. The average nightly rate for June stands at 501 euros, while last year the average nightly rate was at 257 euros.
Dimitrios Koutsolioutsos, the founder and chairman of Folli Follie SA, has become a billionaire as the Athens-based maker of jewelry, handbags and fashion accessories increased almost 10-fold in the last two years.