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

Thomas Cook’s Nordic Unit Saved by Three Buyers

Norwegian investor Petter Stordalen and private equity firms Altor and TDR Capital have signed an agreement to acquire the Nordic unit of collapsed UK tour operator Thomas Cook.

EU Votes to Protect Consumers, Employees in Bankruptcy Cases

Stronger and better consumer and employee protection in cases of corporate failure is the focus of a resolution which was recently adopted by the European Parliament.

TUI Aims to Fill ‘Gap’ Thomas Cook Left in Greek Hotels

TUI is looking to pick up the pieces from the collapse of Thomas Cook, which left behind thousands of stranded tourists and lost hotel bookings in many countries, including Greece.

Excite Holidays Celebrates Entrance in Athens Market

Excite Holidays, a travel technology platform for travel agents, introduced its services to Greek market players at its first event in Athens.

Fosun Steps in with Rescue Plan for Ailing Thomas Cook

High debt levels, strong competition and Brexit uncertainty have driven Thomas Cook Group to agree to the terms of a rescue injection by Fosun Tourism.

B2B Booking Tool RateHawk.com Launches in Greek Language

RateHawk.com, an online booking tool for travel professionals, has introduced a fully localized version to the Greek market.

Brexit Doubts, 737 MAX Grounding Keep TUI Outlook Steady

Brexit uncertainty, aviation overcapacity to Spain, and delayed summer bookings appear to have taken a toll on TUI Group’s third quarter results.

TUI’s CEO Confirms Interest in Greece as Tourism Destination

Travel giant TUI has confirmed its confidence in Greece as a tourism destination and is interested in further developing its presence in the Greek market.

TUI Expects to Bring 3 Million Tourists to Greece in 2019

With Greece ranking among its two most important destinations for travel in 2019, TUI expects to bring more than 3 million customers to the country this year from all across Europe.

Greek Tourism Minister Sees ‘Business as Usual’ with Thomas Cook

Greek Tourism Minister Haris Theoharis sees business proceeding as usual with Thomas Cook, following a meeting with the company's CEO Peter Fankhauser.

Zakynthos Among Thomas Cook’s Top 5 Busiest Destinations for Summer 2019

The Greek island of Zakynthos stands among Thomas Cook's top five busiest destinations for summer 2019, according to the company.
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Thomas Cook – Fosun Examine Rescue Plan

Thomas Cook Group is in advanced talks with its largest shareholder, Fosun Tourism Group, to secure a 750-million-pound cash injection.

Italy’s ‘Through Eternity’ Selects Travelotopos Platform to Distribute its Tours

Through Eternity, a leading tour company in Italy, has selected to distribute its services through the Travelotopos platform.

TUI Expands Hotel Business with Three Hotels on Kos

As part of its expansion strategy to strengthen its high-margin hotel segment, TUI Group moves into Greece with the acquisition of three hotels on Kos.

Greek Travel Agencies Report Improved Performance in 2018

Greek travel agency activity increased by 28.4 percent in 2018 compared to 2017, demonstrating the ongoing dynamic of the tourism sector.

FedHATTA Info Campaign Aimed at non-EU Tourism Services Providers

Greece’s travel agency body fedHATTA has launched a far-reaching information campaign regarding the provision of tourism services by non-EU nationals/entities in Greece.

Extraordinary Hot Summer Hurts TUI’s Earnings

The unusually long and hot summer in Northern Europe in 2018 was said to be among the main reasons for a decline in the earnings of TUI Group.

Tumbling Turkish Lira Takes Toll on Tourism to Northern Greece

The tumbling Turkish lira has taken a toll on tourism flows from the neighboring country of Turkey into Northern Greece, local tour operators say.

ABTA: Refunds for Cancelled Trips Due to Brexit, but No Compensation

The Association of British Travel Agents (ABTA) has confirmed that travelers will be entitled to a full refund should their holidays be cancelled due to Brexit.

Brits Have Soft Spot for Europe, Tourism Figures Rising

All the more Brits are packing their bags, many eyeing Greece, as demonstrated by the rising outgoing tourism figures presented by the Association of British Travel Agents (ABTA).