FIRE SALE in MYKONOS: Prices Drop Across Island As B-List Celebrities, Bad Press Put a Dent in Iconic Island's Shine
We're not talking Walmart-level prices for a weekend of fun in the sun, but close!
Up until a few years ago every summer the reports would come in of the latest beautiful people to sashay through the winding whitewashed lanes of Mykonos. But lately the only names you hear about are billionaire bozos like Jeff Bezos (bald but not beautiful), Jessica Alba (who?) and various yacht-glued oligarchs who may not be Russian but may be even more obnoxious. It’s a bellwether of the trend that Mykonos just isn’t trendy anymore.
It’s also overrun with carbon copy white minimalist hotels — here an “award-winning” Kalesma, there another Mykonian Collection whatever, yawn — and lemming-like packs of day-trippers disgorged from monster American cruise ships getting in my way and irritating the locals, though most of them, being Greek and not Spanish, are too polite to admit it. Then there are the handful of restaurants generating reams of bad press for the island because they systematically price-gouge their customers.
All this means one thing: now is a great time to visit Mykonos, because prices are plummeting. To the extent that it’s even shocking to the seen-it-all producers of Greek Column.
Greek newspaper “Ta Nea” reports that a newly built one-bedroom villa with a brand new private pool, private outdoor jacuzzi and views of Psarros Bay is now going for €231 per night instead of €923. Wow, right?
The paper also reports that “a five-bedroom villa that last year was rented for 2,000 euros per night this year can be found for 500 euros a night if you get in touch with the owner by phone.”
These things are happening as Mykonos continues “on a negative trajectory” and as the island “records a 10.4% decrease in airline seats in 2024 compared to 2023.”
This doesn’t mean that hotels are giving away rooms like Las Vegas used to do in the summer because of the the heat and high inventory. While there is now a glut of hotels in Mykonos, not all of them are great and the goods ones are still expensive.
But still there are bargains to be had, especially compared to its Aegean rival, Santorini. Mykonos still has some mystique, if little charm left, and the beaches are better by far.
It’s our prediction that August will still be very busy, but based on current indicators it looks like a week in Mykonos in September could turn out to be cheaper than a week in Florida — airfare included.
insider information here !!!!