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Travel Association Wins Commision Case

The Greek Union of Air Travel Agencies (PETAGA) succeeded in winning a court case recently whereby travel agents are entitled to a minimum 7 percent commission on airline tickets sold.
Posted On 01 Apr 2004

Seaplane Service for Greece As of May

Air Sea Lines SA, incorporated in Athens late last year, announced last month that it is ready to provide seaplane scheduled, "for hire" and charter passenger services connecting multiple island and coastal harbors within Greece.
Posted On 01 Apr 2004

Tourism Industry Leaders Pessimistic for 2004 Season

Greece's tourism professionals are not in the least optimistic about the future of the country's main currency-earning industry thus crushing earlier hopes that 2004, being the country's Olympic year, would provide the much-needed shot in the arm to the sector.
Posted On 01 Mar 2004

Olympic Prices for Greek Tourism Sector

A lot has been said recently on the difficulties that face the Greek tourism market and whether or not tourism enterprises will manage to scrounge out a profit from business activities this year, the year of the Athens 2004 Olympic Games. According to some recent surveys, most...
Posted On 01 Mar 2004

Legislation for Tourism Marketing Firm

Legislation before parliament foresees the creation of a tourism marketing firm, most likely under private management. According to the legislation, 51% of the firm's capital will be held by the Hellenic Tourism Organization and the remaining 49% will be split among regional...
Posted On 01 Mar 2004

Festival Cruises Sells Three Vessels

In late January, Festival Cruises (of Greek-Italian interests) was broiled in talks with creditors in an attempt to reverse a decision to auction off its three recently acquired cruise ships -- the Mistral, European Vision and European Star. In mid February, Festival announced...
Posted On 01 Mar 2004

Superfast Ferries Considers New Investment Program

After the sale of four of its first-generation super-fast ferry vessels, Attica Enterprises reportedly has its eyes on foreign shipyards for the construction of new vessels within the framework of a new investment program. This time, however, the new vessels concern its coastal...
Posted On 01 Mar 2004

Athenian Hotels Record Major Drop in Overnights

Overnights in the Athens area dropped an average drop of 11.5% last year when compared with 2002, according to statistics released last month by the Attica Hoteliers' Association. The association says the drop is phenomenal considering it took place the year prior to Athens...
Posted On 01 Mar 2004

Athens Hosts Europe’s Hotel Managers

Some 280 hotel managers from throughout Europe arrived in Athens recently to take part in the European Hotel Manager Association's 31st general assembly. During the assembly participants heard in-depth reports on Europe's hotel industry and its difficulties.
Posted On 01 Mar 2004

ITB 2004 Expects More Than 9,000 Exhibitors

The International Tourism Exchange ITB Berlin 2004, which will take place from 12 to 16 March on the Berlin Exhibition Grounds and in the International Congress Center ICC Berlin, represents every aspect of the value-added chain in the international tourism industry.
Posted On 01 Mar 2004

Panorama Tourism Fair Premieres Olympic Greece

Visitors to this year's tourism fair Touristiko Panorama get the first glimpse of "Olympic Greece" and also get the chance to form initial impressions on the tourism dimension of the greatest challenge facing the country in modern times.
Posted On 01 Mar 2004

CSA and Korean Air Sign Code-share Agreement

Korean Air, a SkyTeam alliance member, begins flying between Prague and Seoul, South Korea, as of May 22 with Czech Airlines as its code-share partner. The Czech flag carrier will offer its passengers flights to Seoul and will also be the general agent for cargo.
Posted On 01 Mar 2004

Tourism Sector Lacks Pertinent Data

The decision making process for most business enterprises and for the formation of a general economic sector policy, such as a tourism policy, begins with the attempt to obtain as much data as possible.
Posted On 01 Mar 2004

Air France-KLM Merger Approved

Competition commissons in both the European Union and America last month approved the proposed merger between Air France and Holland's KLM airlines. With this approval of the carrier's de facto takeover by Air France, KLM's life as an independent airline comes to an end.
Posted On 01 Mar 2004

Corporate Online Travel Bookings to Double in Next Three Years

The battlefield lines are being drawn in the evolving online corporate travel arena. Players positioned at the brink of head-to-head combat, as well as those scuffling behind the front lines, are engaged in an intriguing mix of cooperation and competition. Many are devising...
Posted On 01 Feb 2004

Vagonetto-Fokis Mining Park A Laudable Tourism Attractio

There are many captivating mining parks around the world. In Greece there's the Vagonetto-Fokis Mining Park, just kilometers away from popular sites such as Delphi, Arachova, Itea, Gravia, Amfissa and Galaxidi. This fascinating park has nothing to envy from its global...
Posted On 01 Feb 2004

Tourism Key Economic Activity for Foreign Investment

Greece is emerging as a hub of inter-European networks in the Balkans and hopes to attract large investment schemes in key sectors such as energy and tourism, Development Minister Akis Tsohatzopoulos told a conference on "Greece: The Economic Center of Southeastern Europe" held...
Posted On 01 Feb 2004

New Railway Section Cuts Travel Time

Prime Minister Costas Simitis, along with Transport Minister Christos Verelis, last month inaugurated a new, improved section of the Athens-Thessaloniki railway that cuts travel time between Greece's two major cities by 27 minutes, to four hours and 30 minutes. "What was once...
Posted On 01 Feb 2004

Superfast Ferry Sold to Italian Group

Attica Enterprises announced last month that Atlantic Navigazione of Grimaldi Group, Napoli, has entered into an agreement with its wholly owned subsidiary Superfast Ferries to acquire the fast ferry Superfast I.
Posted On 01 Feb 2004

Blue Star 2 Most Popular Ferry on Piraeus-Chania Route

The newest ferry vessel on the Piraeus-Chania route, the Blue Star 2, has managed to sail ahead of all its competitors. For the month of December, Blue Star 2 increased travel on the route by some 43% and increased cargo transport by about 31%, when compared with the same month...
Posted On 01 Feb 2004