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Travel & Tourism industry news by Greek Travel Pages (gtp)

Olympic Saga to Finish This Fall

One way or another, the government here says a permanent solution to long-lasting problems with state-owned Olympic Airways will be found and implemented before this winter rolls in. So far, according to a business plan leaked to Greek media, a new company, to be named New...

New Transportation Business Plan Announced

Government last month announced the approval of a new "Railway-Airport-Public Transport" business plan worth almost 3 billion euros. The lion's share of the funds, some 2 billion euros, goes to modernizing Greece's rail network, particularly the Athens-Thessaloniki and...

Tourism Olympic Games Winner

Next year's Olympic Games are expected to not only increase Greece's gross domestic product by as much as 1.4% but also continue to so after the Games are over. The big winner in the economy, however, is the tourism sector, according to a study released during the recent...

European Air Traffic Disappointing

Recent Association of European Airlines traffic figures showed there was a stable growth pattern of around plus 10% for North Atlantic traffic but that inter-Europe traffic refuses to pick up its pace and instead dropped slightly.

Cruise Sales At Home Drop Significantly

It's not only local cruise companies -- for the first half of this year cruise passengers on Greek vessels are down some 30% over the same period last year -- that face difficulties this year.

Aegean Expands Its Route Network Once Again

Aegean Airlines is one company that appears to believe the worse is over for the travel industry. The private-owned Greek airline plans to extend its route network early next year to include destinations in neighboring countries such as Cyprus, Turkey, Albania, Bulgaria,...

Another Step Back for Acropolis Museum Project

The Council of State reportedly said the supreme administrative court has rejected as illegal initial plans for the 94-million-euro glass and concrete New Acropolis Museum project.

Hellas Jet Up and Away Complete with Aegean Cooperation

When Cyprus Airways failed in its efforts to take over Olympic Airways back in 2001, it decided on a counter move and launched its own Athens-based carrier, Hellas Jet, which got off the ground on June 24. The new carrier hopes to undercut Olympic by 15 percent, says the...

Hellenic Tourism Properties Heads for Bourse

The government will float 25 percent of Hellenic Tourism Properties (ETA) by November as part of its state asset sales agenda to reduce debt, eying proceeds of about 150 million euros, ETA officials said during a press conference last month. "The flotation will take place in...

New Investment Bill Introduced

The Greek finance ministry recently introduced a draft bill on investment incentives. The bill contains five points that are significant for the tourism sector. First, investment subsidies for comprehensive plans for refurbishing hotels are revised from 4.5 million euros to 10...

Tourism Organization Promotes Via Internet

The Hellenic Tourism Organization implemented its newest and perhaps most expansive tourism promotional activity recently via the Internet. With the basic aim to inform potential tourists of the country's tourism products, and to promote the same, the organization signed an...

Overnights Down 16% in Athens/Attica Region

For the first five months of this year, overnight stays in the Athens region dropped by 16% when compared with the same period last year, according to the latest statistics released by the Attica Hoteliers' Association. The greatest loss in stays occurred at the capital's luxury...

Worst Tourism Season in 30 Years

Greece's tourism enterprises haven't felt such negative pressure in 30 years, says the Hellenic Association of Travel & Tourism Agents. "The negative economic effects experienced thus far have reached dangerous proportions for the future of tourism enterprises," says the...

Tourism Resolution For New EU Constitution

European parliamentarian Kostas Hatzidakis recently put forth a resolution for tourism to be included in the European Union's new constitution. The resolution was adopted by the European Parliament Committee for Regional Policy, Transportation and Tourism.

New Decree to Ease Sale of Properties for Tourism Development

A presidential decree ready to be signed opens the way for tourism development projects on large land plots by the private sector. Projects would combine hotel resorts and holiday home complexes that would be up for sale or taken on a long-term lease basis, according to recent...

A New Tourism Complex for Peloponnesos

Deputy Development Minister Dimitris Georgakopoulos unveiled plans to build a state-of-the-art tourism complex that would include popular alternate forms of tourism such as spa, marine and golf facilities.

Charter for Athens Convention, Exhibitions and Visitors Bureau Signed

After two years of efforts, four of the country's major tourism organizations got together last month to sign the founding charter of the Athens Convention, Exhibitions and Visitors Bureau (Athens CVB). The founding member organizations included the Hellenic Association of Travel...

Megaron Athens Concert Hall Boasts New Conference Possibilities

Megaron Athens Concert Hall, one of Europe's most sought-after art centers, expands to become one of the world's most sought-after cultural centers as well as a venue for events and conferences. Already, the center boasts all-purpose halls with meeting rooms and state-of-the-art...

Development Minister Announces Need for National Tourism Promotional Policy

Development Minister Akis Tsohatzopoulos told regional authorities and tourism professionals in Chalkidiki that we needed a national promotional plan for tourism and that we must create a marketing company that would have the responsibility to promote the country's tourism...

New Hotel Study Released Shows Major Drop in Hotel Profits

Hotel Study 2003, which has just been released by JBR Hellas, shows that the gross operating profit of Greek hotels last year dropped by some four points. Resort and first-class units are reportedly down even more by 5-10%.
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