Mykonos, Santorini Hotel Prices Skyrocket as Peak Season Approaches

Hotel prices in Greece’s two most popular islands, Mykonos and Santorini, skyrocket as high season starts, with most Greeks unable to afford them.

Greek hotel prices have seen large increases over the previous year, mostly because of tax hikes. Now prices in the most popular destinations, Santorini and Mykonos, are the most expensive in the Mediterranean, particularly in comparison to Spain and Italy.

In May, holiday prices on Mykonos, Santorini, Ibiza and Sardinia showed an increase in all hotel categories. However, the higher prices applied to the Greek destinations. In the 1-4 star hotel categories prices in Greece were higher, with Santorini being at the top of prices in the 5-star category.

Specifically, the prices for five-star hotels per night were as follows:

Santorini €413 ($480) (compared with €374 in May 2017)
Ibiza €325 (compared with €292 in May 2017)
Mykonos €303 (compared to €257 in May 2017)
Sardinia €274 (no 2017 prices available)

In the four-star category, the booking price for Santorini reached €249 from €226 in May 2017, in Ibiza at €159 and in Sardinia at €142. In Mykonos, the price was €160, while in May 2017 it was €130.

In the three-star category, the booking price for both Santorini and Mykonos amounted to €108, in Ibiza €91 and in Sardinia €79. In the 1-2 star category the booking price for Mykonos was €81 and for Santorini €86. In Ibiza it stood at €71 and in Sardinia at €63.