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Greece's latest tourism industry news by Greek Travel Pages

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%...

Airline Specialist Takes Over Tourism General Secretariat

Demetris Georgarakis, an electronic engineer with some 20 years experience in the airline sector (Olympic Airways) has been appointed to head the newly created tourism general secretariat, which is directly under the development ministry.

Offers In For Attica Beach Properties

Hellenic Tourism Properties called on the three consortiums that had bid for 10-year concession contracts for five state-run Athens beaches to improve their offers, both in the line of the lease fees and improvement works promised.

Tourism Institute Says Tourism Arrivals Will Drop This Year

Private sector tourism professionals say we are in for a bad year, but the government's tourism organization insists that we'll see another increase in arrivals this year. The end result will most likely be somewhere in between.

Kandor Report Outlines Greece’s Tourism Disadvantages

A strong seasonal character, uneven geographical distribution, low per-capita spending of tourists and the absence of international hotel chains appear to be the disadvantages of the Greek tourism industry, according to an annual report.

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.

Tourist Enterprises Get EU Funding For Modernization

A total of 596.5 billion drachmas will be absorbed by the Greek tourism sector over the next five years with help from the Third EU Structural Fund and corresponding private investment, says Development Minister Nikos Christodoulakis. Much of the funds will aim at bringing these...

Greek Tourist Enterprises Enters New Phase

After sitting quietly since its inception some two years ago, the holding company formed to manage the Hellenic Tourism Organization's extensive list of properties seems ready to enter a new phase. At a recent press call to present the company's new chairman, Stefanos...

Major State Investment Program For Tourism

Athens could soon acquire a theme park, an aquarium, a marine research park and more marinas as part of a major two-year investment project by the Hellenic Tourism Organization's new real estate subsidiary, Development Minister Nikos Christodoulakis said last month.

More And More Greeks Head For The Hills

This year, a substantial number of Greek holidaymakers headed for the mountains during the peak July-August vacation period instead of heading for the beaches. "An increase in mountain tourism has been seen in the past few years, even during the summer months," says Thimios...

Tourism Organization Continues Inspections

The Hellenic Tourism Organization last month continued its inspections of tourist resorts and businesses around the country. The organization's secretary general, Evgenios Yiannakopoulos, said that in a single week last month 51 inspectors checked 309 hotel units, 139 tourism...

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...

Tourism Policy Makers Create “Readiness 2000” Package

A package of measures aimed at increasing the level of tourism services offered in Greece was announced recently by Development Minister Nikos Christodoulakis. The package, called “Tourism Readiness 2000", is seen as a positive measure and one that provides tourists with some...

New Strategy Plan for Tourism Sector

At a recent press call, Development Minister Nikos Christodoulakis said his ministry was, preparing an “Olympic tourism package" that will address several areas of the industry, including existing infrastructure and the quality of tourist services. He stated it would be a...

Biggest And Best Tourism Panorama

This year’s domestic fair, Panorama 2000, held last month at the Peace & Friendship Stadium, proved to be the biggest, the best and the most successful to date. “It was not only the size and the well-designed stands that made this year’s fair so impressive,” said one seasoned...

No Executive Changes Foreseen Within The Country’s Tourism Organization

No changes appear forthcoming within the Hellenic Tourism Organization as a result of Greece's national elections held last month. The country's new Minister for Development, who is responsible for tourism, Nikos Christodoulakis, met with the organization's leaders a few days...

Mediterranean Travel Fair Spotlights Greece

The Mediterranean Travel Fair, MTF, held in Cairo, proved a success. Some 1,200 senior buyers were invited to attend and meet with a host of suppliers during the three day show held in 'The Cairo International Conference Center'. The first two days were reserved for buyers and...

Environment Takes Front Seat At Tourism Meet

The Hellenic Tourism Organization's secretary general, Evgenios Yiannakopoulos, called the country's environment and animal protection organizations and associations to a meeting recently. He wanted their thoughts on how they and the tourism sector could best cooperate within the...

New Attractions On Rodos

A new "wonder" and millennium monument will be built on Rodos harbour by 2004, according to the island's mayor, Giorgos Yiannopoulos. The monument will draw inspiration from the "Kolossos" statue, one of the Seven Wonders of the World that was allegedly ruined some 2,220 years ago.