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Greece's latest tourism industry news by Greek Travel Pages (gtp)

Tourism Properties Turned Over to Private Investors

A number of properties of the Tourism Development Company are soon to turned over to private enterprises through long-term leasing agreements, and thus bring some much-needed coins to the state.

Freedom for Coastal Shipping, or Bust

Alexandros Panagopoulos, president and managing director of Superfast Ferries, told guests at last month's Association of Greek Tourism Enterprises meeting that unless coastal shipping is liberalized, now, the entire sector would fall into decay.

Corfu Hosts Inflatable Boat Races

With numerous successes under its belt in organizing a various boat races, the island of Corfu on July 2 takes on the task of organizing and presenting the Panhellenic Inflatable Boat Races.

Plotin On the Verge of Bankruptcy

Heavy debts have apparently forced one of Greece's oldest travel companies to the brink of bankruptcy. The Plotin group, owned by the Antoniou family and the German travel group Neckerman, has subsidiary operations in Corfu, Crete, Rodos and Chalkidiki.

Annual ABTA Report Promotes Greece and Athens City Breaks

Positive remarks for Greece in general and Athens in particular were included in the recent annual report of vacation preferences formulated by the Association of British Travel Agents. For 2005 vacation possibilities, the association reminded members of the efforts carried out...

Hyatt Bids for Albanian Casino License

Hyatt Regency Hotels & Tourism Hellas announced it will bid in the international tender for a license to operate a casino in the Albanian capital, Tirana, for 15 years.

Record Tourism Promotion Campaign Underway

Greece's spending on tourism advertising will reach record highs in 2005, approaching 60 million euros. Tourism Development Minister Dimitris Avramopoulos announced last month that of the 31.8 million euros promised, Athens will fork out another 28 million euros for supplementary...

Tourism Down 8% This Year

Most Greek destinations were disappointed this summer when arrivals failed to increase as expected during the summer months. The end result, according to trade professionals, is that Greece will post an 8% drop in tourism arrivals this year. And this occurs after a difficult 2003.

Greece’s Lodging Units Outside of Attica Slash Prices

Negative data for the months of May and June, and a severe lack of bookings for the peak summer period, have forced lodging units outside of the Athens/Attica area to slash prices in an attempt to entice Greek holidaymakers.

Hellenic Tourism Properties Remains Public Property

Government last month decided to suspend the listing of Hellenic Tourism Properties (ETA) on the Athens Stock Exchange.The company is a state-controlled one that leases property owned by the Hellenic Tourism Organization, including beaches,marinas, casinos and hotels, to private...

Research Institute Sees Continual Tourism Decline

Greece's tourism sector continued to fall further behind its foreign competitors during the first nine-month period of this year, according to the latest report published by the Institute for Tourism Research and Forecasting.

New Crete Golf Course Opens July 5

Greece's newest golf course opens this month on the island of Crete. Owners say it is the most challenging golf course in Greece and one that will be meticulously maintained. The course takes in the typical ancient landscape of Crete and will host many of the visitors that come...

Tourism Promotion Campaign Underway

The Hellenic Tourism Organization said it would begin its 7.3-million-euro tourism advertising campaign abroad this month. The organization's president, Yiannis Patellis, said that the campaign's theme would very much resemble that of last year and announced that Greece had...

Hoteliers Look To Domestic Travelers

Greek hoteliers are turning to domestic travelers in order to cover the loss of foreign arrivals expected this year. Many hoteliers already are working with local travel agents to create package programs with an enticing pricing policy. Travel agents and hoteliers expect to work...

Piraeus And Thessaloniki Get Lion’s Share Of Port Infrastructure Funds

Greece's major seaports are scheduled to undergo a series of large construction projects designed to upgrade their infrastructure and increase their cargo handling capacity.

National Control Center For Greek Seas

Construction of the first phase of a new system that will modernize the way ships sail Greek seas gets underway this month. Called Vessel Traffic Management and Information System, the control center will track vessels sailing Greek waters from four main harbor points - Piraeus,...

Bumper Year For Greek Casinos

The privatization of the Mont Parnes Casino is entering its final stage. Hyatt Regency together with construction company Hellenic Technodomiki have submitted one of the offers, while another bid came from the group of Club Hotel Loutraki, Piraeus Bank, the construction companies...

Marine Development Profitable

The first phase of the bidding process for the privatization of the Alimos, Floisvos and Zea marinas conducted by the Hellenic Tourism Properties is completed. And some very powerful business groups are among those that will continue to participate in the final stage.

Twelve Superfast Ferry Launched

Superfast XII slid gracefully down the slipway of the yard into the waters of the Baltic Sea last month. Attica Enterprises, the holding company for Superfast Ferries, said its newest super-fast vessel is due for delivery from the Flender Werft shipyards in Lubeck, Germany, in...

Tourism Sector Good But Needs Improvement

Domestic tourists, and some foreign visitors, are not happy with the services offered by Greek tourism enterprises. According to the General Federation for Consumer Protection in Greece (INKA), initial data show the tourism sector as a whole needs to upgrade its services and find...