Greek tourism is set to play a leading role in the recovery of the Greek economy estimated at boosting the GDP by 20% in 2018, Alpha Bank analysts said.
Greece is expected to gain from the instability in the wider Mediterranean region with pre-bookings setting the trend for 2017, according to Alpha Bank analysts.
The large increase of international arrivals at Athens International Airport began in June 2013 and will continue with a strong growth pace this year, analysts have said in a recent report. International arrivals at Athens Airport were up by 28.3 percent during the first nine...
Greece is expected to record some 22.5 million foreign tourist arrivals (including cruise passengers) this year, compared to 19.9 million visitors in 2013, according to a recent report released by Alpha Bank.
A recent Alpha Bank study concluded that a new strategy is needed to facilitate development and construction of large tourism projects, such as resorts, marinas and organized beaches.
This year 404 Greek beaches received Blue Flags, compared with 383 last year, placing Greece in second place among the 40 countries participating in the program. A total of 2,549 beaches around the world received Blue Flags, which means that for every six beaches Greece has one...
Tourism enterprises eligible for the Third Community Support Framework subsidy cycle include small to mid-sized C, D and E class hotels, as well as B class hotels with a capacity of up to 125 beds. Also eligible are C and D class camping grounds, and furnished rooms, apartments...
Hellas Jet, a creation of Cyprus Airways, continues its search for a buyer after Dutch and British buyers backed out of a possible purchase agreement. Press reports say the airline will be forced to shut down.
Greece's newest airline, Hellas Jet, held its first meet last month to officially inaugurate its airline and flights from Athens to Brussels, London, Zurich and Paris as it finally received all necessary licenses. Company officials said the carrier would claim a leading role in...
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...
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.
