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//February 1, 2007

Worldspan and Sabre Global Distribution Systems Sold

Sabre Holdings was sold last month to two private equity firms in the U.S. for $4.45 billion. Although Sabre is considered the leading global distribution systems (GDS), analysts say the buyout centered more on the importance of the company's subsidiary units, Travelocity and...
Posted On 01 Feb 2007
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ITB Forecasts A Big and Better Year

ITB Berlin, which takes place from 7 to 11 March 2007, expects this year's fair to top even the successful 2006 fair. "Compared with last year the number of applications received for the ITB Berlin 2007 remains at a high level," according to the director of the ITB, David Ruetz....
Posted On 01 Feb 2007
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Valef Yachts Opens New Office in Piraeus

Valef Yachts recently announced the opening of its Greek offices at Marina Zeas in Piraeus. The office is under the competent management of the founder's two daughters, Kassandra and Alexandra Lefakinis.
Posted On 01 Feb 2007
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Market Expects Major Changes in Local Ferry Ownership

Crete-based Minoan Lines appears to be in the center of a shake up in Greece's coastal shipping sector. Last month, the activity of the Minoan shares on the Athens Stock Exchange, and subsequent press stories, has led most to believe that Attica Enterprises (Superfast Ferries and...
Posted On 01 Feb 2007
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Marine Tourism in the forefront once more
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Marine Tourism in the Forefront Once More

Yet another tourism minister has announced that marine tourism and yachting are very important pieces of the Greek tourism product. During the recent New Year's reception of the Association of Greek Yacht Owners, Tourism Minister Fanni Palli-Petralia added that this was a...
Posted On 01 Feb 2007
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Faliro Marina Up for Grabs

Tourism Development Minister Fanni Palli-Petralia said, as we go to press, that a tender would be published shortly for the marina at Faliro. It is but one of the many properties owned by Tourism Development Company, which recently announced its financial results for the year.
Posted On 01 Feb 2007
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Patras Vies for Race Track Approval

Last month, Greek President of the Republic Carlos Papoulias signed a presidential decree that stipulates the technical specifications required to create and operate a professional race track in Greece.
Posted On 01 Feb 2007
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Although the popular Internet site www.danae.gr has nothing to do with
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Travel Agents Tap Internet Social Network

Amid the rapidly changing social-networking on the Internet, a growing number of travel agents and industry leaders are tapping into new technological "supplements" to reach out to get the attention of on-the-go clients.
Posted On 01 Feb 2007
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