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Holiday boom pushes up prices

- by Archimedes

Holiday boom pushes up prices.

The chances of a cut-price Greek holiday bargain have dropped significantly as tourist hotel bookings soar. Hotel owners who slashed prices earlier this year to boost business are now offering more realistic room rates. It follows a huge rise in Greek Islands holiday bookings this year with forecasts of a record busting summer season in 2013.

Tourist experts report a 9.5% rise in holiday arrivals in the first six months of the year and are confident of attracting more than 17 million holiday visitors by the end of the summer season.

With demand for holidays rising, hotel room prices are also going up and cheap cut-price deals are disappearing fast.

Islands like Santorini and Mykonos, which have seen sharp rises in visitor numbers this year, have seen the biggest hikes in hotel room prices.

Owners say Santorini has been overrun this summer with a 27.5% rise in arrivals and the island so crowded in some places you can hardly move.

In the more popular holiday hotspots such as Imerovigli it now costs an average €335 a night for a hotel room, assuming you can find one.

Hotels in the nearby resorts of Oia and Firostefani are charging an average €300 a night for rooms.

Other Greek island resorts where demand is pushing up prices include the windsurfing beach at Vasiliki on Lefkas where room prices are 78% up on last year and the clubbing resort of Kardamena on Kos where it will cost you 72% more than last year to book a room.

On Mykonos, where visitor numbers nearly trebled last month, hotel prices have soared 67% on last year. Those prepared to shop around can still find bargains but they are quickly being snapped up.

There are still rooms at budget hotels in Corfu at little more than €25 a night, but there are few five star hotel rooms now to be had for less than €200 a night and many hotels are putting up sold out signs .