ECONOMY

Monemvasia leads drop in hotel rates

The medieval town of Monemvasia in the Peloponnese is leading Greek destinations in terms of decling online hotel rates, according to travel website Trivago.gr, which surveys accommodation costs for its visitors.

Monemvasia hotel rates have dropped 19 percent on average compared to the same month last year, with the mean rate for a twin room at 57 euros per night, against a nationwide average of 79 euros.

The average decline year-on-year in hotel rates this month has come to 7 percent, with hotels in Athens hotels dropping prices by 7.3 percent, in Thessaloniki by 11.1 percent and in the city of Rhodes by 7 percent.