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Greece's latest tourism industry news by Greek Travel Pages

Minoan Narrows Loss

Ferry operator Minoan Lines narrowed its first-half loss to 6.2 million euros from 6.7 million euros in the year-earlier period, the company said in a announcement last month. Group revenues rose 4.6 percent to 83.4 million euros, while earnings before interest, tax, depreciation...

Tourists Spend Most on Food and Drink

The Institute of Tourism Research and Forecasts (ITEP) last month released figures that offer an insight into how the 14 million tourists expected to visit the country this year might spend their money during their stay.

Greek Golf Investment Back in the Limelight

Golf investment in Greece is showing signs of exceptional vigor and numerous projects are proceeding from the drawing board to the fairway.The success of two new courses, one at Porto Carras in Chalkidiki and a second course on Crete, seems to have spurred the strong interest of...

Peak Summer Arrivals Increase Substantially

The number of tourists that entered Greece during the month of August mark an impressive rise against the last few years. This year's peak travel period was so strong that a good number of hotels around the country were unable to absorb the demand.

Research Institute Says Greek Tourism Rebound Mild at Best

As government boasts that arrivals this year will surpass last year's numbers by more than 10%, a report from the country's Institute for Tourism Research says we'll be fortunate to see a 7% increase in arrivals.

Major Tourism Projects Approved

The Hellenic Center for Investment announced last month that it is rapidly proceeding with the implementation of three large tourism projects worth 600 million euros in foreign funds - one on Crete, one in Volos and one on the island of Arkoudi in the Ionian Sea. The projects had...

Best Western Holds Semi-annual Meet in Athens

Last month Athens was the venue for the semi-annual meeting of executives and country representatives of Best Western International. The last time such a meeting was held in Greece was in 2001 (Crete). During the meet, Carol Marriott, president and managing director of Best...

Minoan Doubles Profits

Minoan Lines announced recently that it managed to more than double its net profit for last year despite a drop in traffic on Adriatic routes and less-than-expected passenger loads on the domestic routes, especially in the summer months during the Athens Olympics period.

Trinity Now Fully Operational

Nikos Skoulas former Minister of Tourism, and now the president of Trinity International Hospitality Studies, an English speaking institution of higher learning, says the school starts its full academic program this fall within the facilities of Terra Maris hotel and conference...

Greece Outshined Competitors at ITB

For the first time in memory, Greece held its head high at a world travel exhibition and showed the world its capabilities. The Greek pavilion, with its avid colors, wide-open spaces, and design continuity, outshone its Mediterranean competitors, not only with its design but also...

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.

Two of Greece’s Biggest Travel Agencies Initiate Merge

Two of Greece's major travel enterprises took the plunge last month and started off the new year with a merger announcement. Panagiotis Zerzivilis of Aktina Travel and Giorgios Economou of Marine Tours said they merged their consolidation departments and formed a new company...

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...

Seaworld Opens On Crete this Spring

Seaworld, a new, innovative aquarium, promoted as the largest and most modern in the Mediterranean, opens on Crete early this year. Four thousand sea creatures, currently being kept in fish traps by the Fish Farming Institute, will be transferred to the 32 tanks that are ready at...

Implementation of Announced Tourism Development Measures Imperative

Europe's tourism specialists seem to be coming around to the view that the era of Greek improvisation is over and that a long-term strategy is evolving. "In 2005, you will see the first recovery signs, but the significant rise will come in the next few years when the results of...

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.

Zorpidis Expansion Continues with New Athens Office

For anyone walking into the new downtown Athens offices of Zorpidis Travel Services it's difficult to imagine that there's a tourism crisis. Besides bustling with activity, the office permeates a feeling of success. It will be hardly surprising to see the office expanded within a...

Dane Sea Lines on the Verge of Bankruptcy

After years of economic problems, it appears that the ferry operator for the Dodekanissos islands, Dane Sea Lines, is about sink into the realm of memory. Citizens of the island, however, continue to fight for some assistance that would allow the company to continue running. In...

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.

Deluxe Tourism School Opens on Crete

Hotel Terra Maris, next to the Creta Maris, hosts the first international tourism school on Crete. Markos Komninakis, director of studies for new Trinity International Hospitality Studies says three-year programs begin this October. Accredited studies range from hospitality and...