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Travel & Tourism industry news by Greek Travel Pages (gtp)
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Greek Government Gives Incentive To Restaurants To Drop Prices

The price of wining and dining out in Greece is expected to fall as the value added tax (VAT) reduction in the food service sector from 23 percent to 13 percent comes into effect on 1 August.
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Greece Reshuffles Government, Tourism Ministry Unaffected

Olga Kefalogianni was among the few untouched ministers and remained at her post as Tourism Minister on Monday, 24 June, following the cabinet reshuffle of Greek Prime Minister Antonis Samaras.

Seaplane Legislation Requested By Canadian Ambassador

Canadian Ambassador to Greece, Robert Peck, last month officially requested the immediate processing of necessary legislation and cutting of red tape for waterway investments to proceed in Greece and seaplanes to operate in Greek waters.

New Trends in Sports Tourism

Some 46 speakers, through case studies, showed how important and viable sports is to a country's tourism sector during last month's International Association of Scientific Experts in Tourism's (AIEST) 53rd world congress held at the Divani Apollo Hotel in Kavouri September 8-11...

Summer Arrivals Offset Earlier Losses

An increase in foreign arrivals during the early part of the summer so far has helped cancel the losses seen in the early part of the year. And in an effort to stem some profiteering, particularly at eating establishments, government inspectors continue to visit tourism...

Hoteliers Upset Over Government’s Refusal To Change Depreciation Rate

Greek hoteliers continue efforts to pressure government quarters to change depreciation rates for tax purposes from 4% to the 8% it was some two years ago. Representatives from Greek Hotel Chamber and the Association of Greek Tourism Enterprises say they are very disappointed...

New Decree to Ease Sale of Properties for Tourism Development

A presidential decree ready to be signed opens the way for tourism development projects on large land plots by the private sector. Projects would combine hotel resorts and holiday home complexes that would be up for sale or taken on a long-term lease basis, according to recent...

Development Minister Announces Need for National Tourism Promotional Policy

Development Minister Akis Tsohatzopoulos told regional authorities and tourism professionals in Chalkidiki that we needed a national promotional plan for tourism and that we must create a marketing company that would have the responsibility to promote the country's tourism...

Mont Parnes Sale Approved

A government bill to privatize the Mont Parnes casino near Athens received parliamentary approval on March 2, despite disagreement from the opposition over its terms.

Still No Master Plan For Greek Tourism

Greece can expect to see a 5- percent increase in tourist arrivals next year based on the double premise that the global economy recovers from the current uncertainty and the government takes steps to boost the industry, according to a study released last month by the Tourism...

Optimistic Atmosphere At Philoxenia 2001

Official reaction to Greece's tourism sector, in light of the September 11 events, was more than optimistic during this year's Philoxenia travel fair held last month in Thessaloniki. The country's new development minister, Akis Tsohatzopoulos, did more than his part by attending...

Tourism Sector Calls For Abolition Of Airport Tax As Air Fares Rise

High insurance fees and low revenue have forced Greek airlines to increase fares. At the same time, they want major decreases in airport fees and taxes. And so far, they have managed to get all of the tourism-related associations in the private sector behind them in a strong...

New Tourism Crisis Committee Action Package

Government action to help tourism out of its present predicament was promised early last month by Development Minister Nikos Christodoulakis. He announced the formation of an "Tourism Crisis Management Committee," headed by the ministry's tourism officials.

Unrestrained Optimism For Greek Tourism

If anything was crystal clear at the last month's Destination Greece conference organized by the British Hellenic Chamber of Commerce, it was that Greece has a fantastic opportunity to develop its tourism sector. All that's needed is the decision.

Tourism Organization Offers Greek Cuisine Emblem For Restaurants

The Hellenic Tourism Organization now offers a special Greek cuisine emblem to any eating establishment that adheres to some very strict health, hygiene and quality standards. During a special event held to launch the emblem, the minister explained that today's tourist wants not...

Terrorism Crisis Hits Greece’s Cruise Industry Hardest, For The Moment

Greece's cruise industry, because a significant portion of its business comes from North American customers, is in for a tough time. Along with this, the industry also has to deal with the possible surge in oil prices, the likelihood of a global recession, the difficulties in air...

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.

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...

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%...