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Attica Enterprises Opens Germany-Sweden Route With Yet Another New Super-fast Ferry

Superfast IX, for the moment the newest vessel in the Attica Enterprises' fleet, last month began service on the new Germany-Sweden route between the port of Sodertalje, in the greater Stockholm area and the port of Rostock, Germany. The new service represents the second stage of...
Posted On 01 Feb 2002

National Control Center For Greek Seas

Construction of the first phase of a new system that will modernize the way ships sail Greek seas gets underway this month. Called Vessel Traffic Management and Information System, the control center will track vessels sailing Greek waters from four main harbor points - Piraeus,...
Posted On 01 Feb 2002

Internet Travel Purchases Continue Rapid Increase Home And Abroad

Internet may account for one in every four travel purchases in the main generating markets within the next five years, according to a recent report issued by the World Tourism Organization Business Council.
Posted On 01 Feb 2002

Subsidies For Olympic Aviation On Unprofitable Routes

Olympic's domestic subsidiary carrier, Olympic Aviation, gets some 10.3 million euros (3.5 billion drachmas) annually in government subsidies for operating flights to nine island destinations considered highly unprofitable.
Posted On 01 Feb 2002

Bumper Year For Greek Casinos

The privatization of the Mont Parnes Casino is entering its final stage. Hyatt Regency together with construction company Hellenic Technodomiki have submitted one of the offers, while another bid came from the group of Club Hotel Loutraki, Piraeus Bank, the construction companies...
Posted On 01 Feb 2002

Possible Increase In Airline Passenger Compensation

The European Commission last month tabled a proposal that, if adopted, would oblige airlines to pay a hefty sum to passengers forced to miss their flights either through overbooking or cancellation.
Posted On 01 Feb 2002

Women Strongest Clients For Business Travel

The number of women that travel for professional reasons continue to increase and now reaches some 50% of total business travelers, compared with a meager 1% back in 1970, said Josiane Loutfi, president of the International Federation of Women's Travel Organizations during a...
Posted On 01 Feb 2002

More Funds To Be Spent On Greek Tourism Promotion

Economy and Finance Deputy Minister Christos Pachtas approved credits worth 32 million euros (11 billion drachmas) to finance a marketing campaign for Greek tourism, domestically and abroad. That is twice the figure spent last year, the minister said.
Posted On 01 Jan 2002

Tourism Crisis Not Critical

European Union travel agencies may be suffering somewhat financially, but for the moment the repercussions from the September terrorism attack are not near as bad as first anticipated, said Carl Axel Rheborg, president of ECTAA, which is the group of national agents and tour...
Posted On 01 Jan 2002

Luxurius Sofitel Adds Creative Class To Airport

From the outside, this does not appear to be a particularly distinctive premium hotel. Its classical style, however, designed to blend in with the intentional blandness of the new El.Venizelos airport at Spata, does grab your attention. Once inside, the change is mind boggling.
Posted On 01 Jan 2002

Marine Development Profitable

The first phase of the bidding process for the privatization of the Alimos, Floisvos and Zea marinas conducted by the Hellenic Tourism Properties is completed. And some very powerful business groups are among those that will continue to participate in the final stage.
Posted On 01 Jan 2002

Around The World With SkyTeam

Some 18 sales representatives from local SkyTeam offices - Air France, Aeromexico, Alitalia, CSA Czech Airlines, Delta and Korean Air - called on 75 travel agencies in Athens and Thessaloniki during a recent short 3-week period. They presented the four new "Around the World Tour"...
Posted On 01 Jan 2002

Tourism Properties Under Private Management

Hellenic Tourism Properties is about to turn its management over to the private sector.
Posted On 01 Jan 2002

Airport Ground Handling Companies Hit Financially

Airport ground handling companies here in Greece now suffer the same financial blows felt by airlines after the New York terrorism attack. Airlines, in an dire attempt to cut costs wherever possible, have made life unbearable for some independent companies, not least of which are...
Posted On 01 Jan 2002

Closures Godsend For Athens Hoteliers

Although most of the major Athenian hotels that have closed for radical renovations had planned to do so long before the September 11 attack, the timing has turned into a godsend for the rest of the sector. And with bookings down to cover only about 35% available beds, hoteliers...
Posted On 01 Jan 2002

Sarbre And Forthnet Subsidiaries Sign Strategic Cooperation Agreement

The commercial cooperation between FORTHcrs, a Forthnet subsidiary, and Sabre Hellas, a Sabre Inc. subsidiary, is now official. Both parties announced a cooperation agreement last month that centers on new and complete solutions in electronic booking and ticket issue.
Posted On 01 Jan 2002

Still No Master Plan For Greek Tourism

Greece can expect to see a 5- percent increase in tourist arrivals next year based on the double premise that the global economy recovers from the current uncertainty and the government takes steps to boost the industry, according to a study released last month by the Tourism...
Posted On 01 Jan 2002

Axon Airlines Grounded

Axon Airlines, which was bidding to buy national carrier Olympic Airways, announced the suspension of operations on November 30, citing an industry downturn and rising losses in the wake of the September 11 attacks on the United States.
Posted On 01 Jan 2002

Twelve Superfast Ferry Launched

Superfast XII slid gracefully down the slipway of the yard into the waters of the Baltic Sea last month. Attica Enterprises, the holding company for Superfast Ferries, said its newest super-fast vessel is due for delivery from the Flender Werft shipyards in Lubeck, Germany, in...
Posted On 01 Jan 2002

Cyprus Airways To Create Greek Subsidiary

Either through a Greek subsidiary airline or through an alliance with a private Greek carrier, Cyprus Airways is about to take on Olympic Airways. The Cypriot flag carrier says it will concentrate on international flights out of Greece and perhaps team up with a private Greek...
Posted On 01 Jan 2002