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• According to Eurobank EFG’s summer 2006 hotel survey, 40% of the workers in the hotel industry hold a higher education (HE) degree.
• Workers in 4 and 5 star hotel units account for half the sector’s labor force and of those, more than 50% are HE graduates.• New hotels (post 2000) employ more HE degree holders than older establishments.
• Hotels that employ more HE degree holders exhibit higher turnovers and lower operational costs (as a percentage of turnover).