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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).