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Mergers Turn 20 Ferry Lines Into Three, But Some Routes Monopolized

"Sales commission for travel agents has been reduced; there are fewer discounts available; special group rates have been abolished; and prices have risen more than 20% on some routes."

C&N Bids For Thomson Travel

A decent development in Europe's tourism industry places the sector within the new globalization sphere where most of the world's major industries now sit. Last month, C&N Touristik (Condor & Neckermann) made an official hostile takeover bid for the UK's Thomson Travel Group. The...

Airotel Group Expansion Centers On Quality

Stratos Vasilikos is one of the few in the Greek tourism industry who realized early that quality is the only way to compete and make money. In a step-by-step approach, he practiced what he preached.

Louis Group Raises Greek Flag

One of the many aims of the Louis Group of Cyprus is to fly the Greek flag on its cruise vessels. "It's a shame Greek ships do not fly Greek flags," said the Louis Group's chairman, Costas Loizou, at a recent Athens press conference, "as this is in Greece's interest and in the...

Olympic Aviation Goes International With New Jets

With the delivery last month of two new passenger jets, Olympic Airways' subsidiary Olympic Aviation breaks out of the confines of the regional market and heads for the skies over Europe.

GA Ferries Expands Fleet

GA Ferries has enlarged its fleet of ferries through the recent acquisition of three new, modern vessels. The first of the new high-speed vessels, the Milenaki, will take on Cycladic routes this May.

Nafplio Xenia Taken Over By Mantonanakis Group

The Mantonanakis Group recently signed an agreement for the long-term lease of the Xenia Akronafplias hotel group of Nafplio, which is owned by the Hellenic Tourism Organisation (EOT). The organization's general secretary, Evgenios Yiannakopoulos, and Mantonanakis company's...

Festival Cruises Names New Vessels

Festival Cruises, after launching its new Mistral cruise vessel last summer, ordered another two vessels at a cost of 340 billion drachmas. And that's just the beginning. The line expects to double its fleet to eight by 2004.

Strintzis Accepts Delivery Of New “Blue Star Ithaki”

Strintzis Lines, on March 31, accepted its newest super-fast ultra-modern ferry the Blue Star Ithaki from the Korean shipyard Daewoo Heavy Industries. The new vessel will be the first of its type to ply Greek coastal waters.

Amphitrion Group Moves At A Steady Speed Forward

Konstantinos Mitsiou of the Amphitrion group of travel companies does things that few in the local travel industry dare. He has created companies that specialize in specific areas of tourism and opened offices in far-flung areas, such as North America, Japan, and perhaps soon,...