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

Tourism Ventures Get Half of 2016 Greek Development Funding

Half of all funding under Greece’s 2016 development law were directed to tourism enterprises.

Bilateral Chambers Team Up for Thessaloniki Tourism Event

Five bilateral chambers of commerce have teamed up for the 4th Tourism Conference set to take place in Thessaloniki, on March 14.

Greece Investment Options Top NY Roadshow Agenda

Greece's investment opportunities are at the center of attention in New York this week during the Greek Investment Roadshow running through to June 22.

Piraeus Port Authority Reels in Higher Profit in 2017

The Piraeus Port Authority (PPA), which is led by Chinese shipping giant Cosco, recorded the "best profitability over the last decade" in 2017, according to its management.

Greek Investment Roadshow in the US to Take Place in June

The economic relations between Greece and the US are expected to strengthen during the "Greek Investment Road Show in the USA" in June.

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...

Superfast Purchases 10% of Minoan Lines

Attica Holdings (Superfast and Blue Star Ferries) announced late last month that it had reached an agreement with an Italian company, represented by Romano Artioili, for the acquisition of more than 6.7 million shares of Minoan Lines. The purchase represents 9.51% of the share...

Major Changes in Greece’s Coastal Shipping Sector

Greek coastal shipowners have taken the bull by the horns and come hell or high water will attempt this year to settle the waters after almost three years of rough seas. For example, last month the Greek Coastal Shipowners Association issued an open threat to the Merchant Marine...

Superfast And Costa Crociere Alliance

Attica Enterprises, the holding company for Superfast Ferries, and cruise company Costa Crociere, owned by Carnival Cruise Lines, signed signed a letter of intent to create two joint ventures in cruise and ferry operations.

Coastal Fare Hikes Up To 20%

Coastal shipping companies are expected to ask Merchant Marine Minister Christos Papoutsis to consent to fare hikes of up to 20 percent. They also called on him to extend the increased summer-season fare schedule into the winter. Ferry operators say higher insurance premiums are...

60 Business Groups Bid for Parnitha Casino

Owners of the profitable Parnitha Casino, Hellenic Tourism Properties, have called for bids of interest from international investors interested in taking over the management of the casino on Mount Parnes. So far, some 60 company groups have expressed initial interest.

First Batch Of Promotional Funds Handed Over To EOT

Hellenic Tourism Properties handed over some two billion drachmas to the Hellenic Tourism Organization (EOT) recently as the first payment for the organization's tourism advertising campaigns abroad, which covers the majority of debt owed for same. As well, it's now official:...

Hellenic Tourism Properties Heads For Bourse

Along with the privatization of its casinos, Hellenic Tourism Properties will privatize itself. The first step was taken last month with the sale of convertible privatization bonds, or pre-stock (prometoxa), worth 800 million euros (272.6 billion drachmas), which is about a 25%...

Hoteliers Agree To Bookings For 2004 Games

After promises by government quarters to hold off on any new hotels other than those already approved or being approved (4,500 rooms), the Athens Hoteliers Association agreed to book another 10% of available rooms in luxury hotel units for officials of the 2004 Olympic Games....

Athens No Longer Considered A Saturated Area For New Hotel Units

Some 20 new hotels with a total capacity of some 5.000 beds and costing an estimated 100 billion drachmas are expected to be built in Attica over the years leading up to the 2004 Olympics, Development Minister Nikos Christodoulakis said last month.
Aktina's headquarters are based in its own building complex in Piraeus.
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Aktina Leads The Way

Just a few years after it was first founded in 1975, Piraeus-based Aktina has lead the way for other Greek travel agencies. The office became an IATA member in 1977 and in 1981 the company foresaw new market developments and was one of the few to convert the personal company into...

Philoxenia’s Last Stand

During opening ceremonies, Development Minister Nikos Christodoulakis declared that a total of 596.2 billion drachmas in financing from the EU's Third Structural Fund would be funnelled into the industry between now and 2006.

Structural Changes Planned For The Hellenic Tourism Organization

The executive infrastructure of the Hellenic Tourism Organization changes this month, according to recent statements by Development Minister Nikos Christodoulakis. Basic changes expected include the placement of a tourism secretariat under the development ministry. The new...

Astir Resort Expects Five Billion From Stock Float

Greece's National Bank, owner of the Astir Hotel Company, has placed the three-hotel group on the Athens Stock Exchange. The initial public offering last month places 14.7 billion drachmas within the group's coffers. This cash will be used mostly to initiate a five-year...

Hyatt Regency Buys Grande Bretagne Shares

Through share purchases on the Athens Stock Exchange, the Hyatt Regency of Thessaloniki purchased at least 17% of the Athens-central deluxe hotel Grand Bretagne. Hyatt said it would acquire additional shares if the open-market price is reasonable.
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