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

China’s Fosun Acquires Thomas Cook for $14.2m

Chinese conglomerate Fosun said it would be purchasing Thomas Cook for $14.2 million, weeks after the travel giant collapsed leaving thousands of holidaymakers stranded.

Fosun: Limited Financial Impact from Thomas Cook Collapse

Fosun International Limited, Thomas Cook's largest shareholder, says the collapse of the UK tour operator has limited impact on its business.
Photo by GTP
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Economy Ministry: Stayover Tax Exemption for Thomas Cook-impacted Hotels in Greece

Greek hotels impacted by the collapse of Thomas Cook will be exempt from paying a stayover tax as a first support measure.

US Court Move Wins Thomas Cook Time for Rescue Deal

Thomas Cook has filed for Chapter 15 bankruptcy protection in the United States, aiming to proceed with its rescue scheme.

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.
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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.

MR&H Forum Returns to Athens, Aims to Explore Greece’s Tourism Opportunities

Greece's dynamic tourism growth will take center stage at the MR&H Forum, scheduled to be held in Athens, during October 29-31.

Fosun to Tap into Chinese Travel Interest in Greece with New Vacation Deals

Fosun International is aiming to tap into the estimated 1.5 million Chinese travelers expected to visit Greece, through new vacation packages.

Club Med to Go to China’s Fosun, Aims to Satisfy Chinese Appetite for Luxury Travel

Aiming to tap into Chinese travellers’ increased interest in high-end travel, Chinese conglomerate Fosun International is set to win the bid for Club Méditerranée in France's longest-running takeover battle after Italian tycoon Andrea Bonomi pulled out of the race.

Travel Provider Announces All-Inclusive Summer 2012 Options

Premium Choice C.M.E.U.T.A., a complete management enterprise of unique travel and aviation, recently announced its travel portfolio for customers in Greece and abroad that includes a wide range of deluxe all–inclusive resorts, selected gourmet tours, VIP cruises and high end...

ITB Tourism Fair Remains Industry Leader

The world's leading tourism exchange, International Tourism Exchange ITB Berlin, remains the industry's number one fair and Greek participation this year again will be substantial.

Greece And The Travel Industry Loses A Man Of Ideals

On September 19, Greece's travel trade professionals paid their last respects to one of the industry's most well-known and well-liked travel and tourism pioneers, Dinos Arvanitis.