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Tourism Sector Hopes For Last-minute Bookings

The tourism sector had best hope for a barrage of last-minute bookings if Greece's consumers' federation is correct in its forecasts. Four out of every 10 Greeks will not take summer holidays this year, mainly to save money, while most of those who do go away will stay in their...
Posted On 01 Jun 2003

Online Travel Continues To Rise

Despite tough economic conditions, a tense political climate and fewer travelers, the online travel market in North America performed surprisingly well in 2002. According to a new report from PhoCusWright Inc., "Online Travel Overview: Market Size and Forecasts 2002-2005," online...
Posted On 01 May 2003

Athens 2004 Games to Host A Million Visitors

More than a million visitors are expected to flock to Athens to watch the action at the Athens 2004 Olympic Games. According to the Athens 2004 committee, foreign visitors during the two weeks of the Games will total somewhere between 500,000 and 700,000. Another 300,000 are...
Posted On 01 May 2003

Prolonged Iraqi War Requires Contingency Plans

A prolonged war in Iraq would destroy more than three million jobs in the global travel and tourism industry and eliminate more than $30 billion of economic value (gross domestic product) in 2003, the latest research from the World Travel & Tourism Council shows.
Posted On 01 Apr 2003

Greek Hotel Sector Improves Financial Picture

There are a plethora of complaints coming from Greece's hotel sector regarding difficult times, desperately low room rates and a severe drop in business. Perhaps so. Figures released recently by the ICAP Data Bank, however, tell a different story. These figure show that 2001 was...
Posted On 01 Apr 2003

Air Traffic Remains Volatile

The first AEA traffic report for 2003 shows an increase in passenger-km of 6.4 percent over January of last year. This brought traffic volume back to within 1.5 percentage points of where it had stood in January 2001.
Posted On 01 Apr 2003

Tourism Sector Weakened By Strong Euro

The strength of the euro against the dollar brings some opportunities to the forefront for Greek travelers to countries outside of the EU. The same applies to travelers from other European Union countries, including Greece's main markets of Germany and Britain, who may forsake...
Posted On 01 Mar 2003

Tourism to Greece at Satisfactory Levels Says WTO

Tourism arrivals to Greece in 2002 remained at a satisfactory level, said the Word Tourism Organization's secretary general, Francisco Frangialli, during the recent Fitur travel fair held in Madrid. He added that prospects for Greece's tourism sector remain positive in light of...
Posted On 01 Mar 2003

Internet Bookings Continue to Rise

Holidaymakers throughout Europe are showing a greater preference for booking travel online. In particular, Western Europe is set to see a dramatic increase in the number of hotel reservations made on the Internet this year.
Posted On 01 Feb 2003

Travel Trade Concerned But Optimistic For 2003 Tourism Year

Despite ominous forecasts, Greek hoteliers and travel agents are somewhat optimistic for this year's tourism sector. They feel Greece this year most likely will have fewer than anticipated losses thanks to its six-month EU presidency, which is expected to be a boon for the...
Posted On 01 Feb 2003

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

SETE Pessimistic For Sector Tourism This Year

Nikos Angelopoulos, vice president of the Association of Greek Tourism Enterprises, told its annual Christmas press gathering that he and the association were not optimistic for tourism possibilities in 2002. He said association sources foresee a possible drop in arrivals from...
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

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

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