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

ICAP: Inbound Tourism Drives Greek Travel Operator Growth in 2018

The Greek travel agency sector saw its market share increase by 9 percent in 2018, driven in large part by a surge in inbound travel, says ICAP Group

ERA: EU’s Flight Compensation Rule Impacting Smaller Carriers

The European Regions Airline Association (ERA) is re-examining an EU legislation covering issues of compensation for travelers, claiming it is impacting smaller carriers.

Greece Gains Ground with Canadians, Australians in 2016-2018

Canada, Australia, Denmark, the US and Poland were the top source markets for Greece over the 2016-2018 period, according to INSETE.

More Greek Destinations in Cruise Company Plans, Says CLIA

International cruise companies are looking to include more Greek destinations in their future itineraries, says the Cruise Lines International Association (CLIA).

Athens’ Hotel Room Stock to Grow by 1,000 Beds by 2021

By 2021, some 1,000 beds are expected to be added to the hotel room stock of Athens, says international hospitality consulting company Horwath HTL.

UBS: European Cities Facing Higher Property Price ‘Bubble Risk’

Cities in Europe may be in for property price trouble, according to the latest Global Real Estate Bubble Index 2019, released by UBS.

ETC: Europe Enticing Larger Share of South-East Asian Travelers

City tourism and a wide array of choices make Europe a top destination for South-East Asian travelers, says a study by the European Travel Commission (ETC).

Europe’s Q2 Hotel Construction Pipeline Grows by 23% 

Planned hotel construction in Europe increased by 23 percent in the second quarter of 2019, according to data by Lodging Econometrics.

Report: Europeans Buying Up More Real Estate in Greece

All the more Europeans appear to be investing in real estate in Greece, according to a report released by property brokers Tranio.

Athens Near to Last in IMD Smart City Index

Athens still has a long way to go before it moves up the newly launched IMD Smart City Index, ranking this year 95th among 102 cities in the world.

Tax Policies Taking Toll on Greece’s Competitiveness

Greece is once again lagging behind in competitiveness hindered by its inflexible tax policies, according to the International Tax Competitiveness Index 2019.

Thomas Cook Default Impacts 38 Countries, 8.6m Flight Seats

Thirty-eight countries and 8.6 million seats will be affected by the bankruptcy of UK tour operator Thomas Cook, says a recent analysis.

Greek Business Body Calling for More Investments

More investment activity is required for Greece to move full speed ahead towards economic recovery, the Hellenic Federation of Enterprises (SEV) says.

Greek Hotels: Losses from Thomas Cook Collapse Add Up to €315 Million

Total losses in Greece's accommodation sector from the collapse of Thomas Cook are estimated at 315 million euros, says the Hellenic Chamber of Hotels.

Greek Hotels Top GRI Satisfaction Index in August

Greek hotels hold the top position in terms of quality and services with an August GRI score of 86.9 percent, according to data released by INSETE.

Thessaloniki Hoteliers Troubled about Slow Jan-Aug Performance

Hoteliers in Thessaloniki are concerned about a decline in overnight stays recorded in the first eight months of the year.

Greece Targets 50-plus Dutch Travelers

Aiming to attract 50-plus Dutch travelers to Greece, the Greek National Tourism Organization took part in The Netherlands' “50PlusBeurs 2019” tourism expo.

Athens Caps Off Strong 2019 Summer Season, Says STR

Hotels in Athens reached their best level in terms of occupancy, ADR and RevPAR for the month of August since 2004, STR said in its monthly report.

Greece Sees Average Travel Spend Per Trip Rise in Jan-July 2019

Travel receipts in Greece increased by 13.6 percent during the January-July 2019 period, due to an increase in the average expenditure per trip.

Greek Hotel Room Rates to Rise by 2-4% Next Year – Report

Room rates at Greek hotels are projected at rising by 2-4 percent next year, according to BCD Travel’s 2020 Industry Forecast.