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Travel & Tourism industry news. A Service by Greek Travel Pages (gtp)
 

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...

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...

Albania, Greece’s Newest Tourism Competitor

According to recent press reports, the Albanian government has launched a radical drive to attract a thriving international tourist trade by bulldozing hundreds of kiosks, shops and hotels along the best sandy beaches in the country. All the buildings were illegally erected and...

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...

S.E. European Tourism Ministers Agree to Unite

Tourism ministers from Southeastern Europe met in Athens recently under the initiative of Greece's development minister, Akis Tsohatzopoulos, to sign a tourism cooperation agreement. This followed close on the heels of an agreement signed during the Panorama tourism exhibition by...

Korean Air To Purchase 17 New Aircraft

Korean Air has signed a memorandum of understanding with Airbus and Boeing respectively to purchase a total of 17 aircraft. The deal includes eight A380s from Airbus, and seven B777s, and two B747-400ERFs from Boeing.

Finally, New Offices for Hellenic Tourism Organization

After numerous decades at its offices in downtown Athens on Amerikis Street, the 52-year-old Hellenic Tourism Organization last month moved to bright, new, modern quarters. It now takes up all seven floors of space within a modern office building on Tshoha Street not far from the...

Six New Tourism Promotion Programs Announced

The Hellenic Tourism Organization announced six tourism promotional programs worth five million euros where, for the first time, the private sector is invited to participate. Five of the programs, announced earlier this year, are worth 1.5 million euros and will center on...

Hellas Jet Gets Operator’s License

Cyprus Airways subsidiary, Hellas Jet, picked up an air operator's license for Greece but is still waiting on a commercial license. Although the airline had hoped to begin flights on June 23, as we go to press there has been no further announcements as to when flights will begin.

Aegean Celebrates Fourth Anniversary

Greece's number one private carrier, Aegean Airlines, celebrated its fourth anniversary recently and its 9,000,000th passenger. The airline began scheduled flights at the end of May in 1999 with two aircraft and four Greek destinations. Today, its 17 passenger aircraft executes...

A Gem Hidden in the Center of Athens

Dionysis Bozikis, a cardiologist by profession, has created a little lodging gem hidden in the center of downtown Athens. His "Magna Graecia Suites" hotel was created from a three-story building designed and built by the German architect Ernst Ziller in 1898. This exemplary...

Dora Stratou Performances Underway

In the idyllic surroundings of Philopappou Hill, opposite the Acropolis, in the Dora Stratou garden-theatre, regional cultures come to life during the warm Athenian summer nights.

New Crete Golf Course Opens July 5

Greece's newest golf course opens this month on the island of Crete. Owners say it is the most challenging golf course in Greece and one that will be meticulously maintained. The course takes in the typical ancient landscape of Crete and will host many of the visitors that come...