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French hospitality group Accor will present its estimates on tourism and its sustainability in Greece, insisting to Kathimerini that the country is still very important to its plans, a few weeks after announcing the cancellation of projects for two hotels on Mykonos.
Accor cited water shortage and fire risks as the main reasons for the decision, though other sources claim the projects were canceled due to ‘insurmountable’ difficulties in the licensing and development of those assets.
Accor’s decision to back out of the projects was announced last month because the procedures for the cancellation of works have only just been completed, according to people in the know.