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

Tsipras: ‘Liberation Day’ for Post-bailout Greece

Greek Prime Minister Alexis Tsipras described August 20, as a day of liberation for Greece, as the country completed its nearly eight-year rescue period.

Greece Exits Bailout Era Amid Uncertainty, Betting on Regaining Trust

August 20 marks Greece’s exit from a nearly eight-year-long aid program.

EU Approves of ‘Enhanced Surveillance’ for Post-bailout Greece

The European Commission presented an “enhanced surveillance" framework in order to support Greece in its post-bailout efforts to return to “normalcy”.

Greece Gets Eurogroup Green Light to Exit Debt Program

Greece will receive its final 15-billion-euro bailout tranche after successfully completing its fourth assessment and will exit its nearly eight-year-long aid program on August 20.

Commitment to Reforms Key to Regaining Investors’ Trust in Greece, Says ESM Head

Commitment to economic reforms is vital if Greece wants to attract foreign investments, said the head of the European Stability Mechanism (ESM), Klaus Regling.

EU Moves to Make Fairer Euro Transfers, Currency Conversions

The European Commission proposed legislation that will make cross-border payments in euros cheaper across the EU, aiming to facilitate trade.

Debt Crisis a Real Enemy for Eurozone, Says Hellenic Republic President

Eurozone's real enemy is the debt crisis, President of the Hellenic Republic Prokopios Pavlopoulos said during the opening ceremony of the Delphi Economic Forum 2018.

Commission Urged to Adopt a European Tourism Strategy

Tourism industry professionals, MEPs and regional authorities are urging the European Commission to adopt a comprehensive European tourism strategy.

Greece’s Deal with Creditors Puts Tourism, Business Sectors at Ease

Greek tourism professionals hope that the deal reached between Greece and its lenders will lift the lingering uncertainty and allow tourism to grow.

Eurogroup: Greece Gets New Lease on Life, Tourism, Business Sectors Relieved

Greece clinched additional loans from its international creditors to the tune of 10.3 billion euros on Wednesday, while Eurogroup finance ministers agreed to offer debt relief extending the repayment period and capping interest rates.

ESM Approves Third Bailout for Greece

The European Stability Mechanism’s (ESM) board of governors approved Greece's 86 billion euro bailout program on Wednesday.

Greece Fluster, Tunisia Attacks Curb Thomas Cook Gains

The Thomas Cook Group announced Thursday, that the June 26 terrorist attack in Tunisia, and the recent political and economic turmoil in Greece, were expected to take a toll on the company’s full-year profits, despite reporting solid results for the third quarter ending June 2015.

Greece’s Third Bailout: Euro Summit Statement

Greece has agreed to tough reforms after marathon talks with eurozone leaders in return for a three-year bailout ended in the early morning of July 13.

Thomas Cook: Tourists are Enjoying Holidays ‘Without Disruption’ in Greece

British tour operator Thomas Cook said on Monday that its feedback from its team and returning holidaymakers on Greece has been that it is business as usual in the Greek resorts, with customers continuing to enjoy their holidays without disruption.

SETE on CNBC: ‘We Believe in the Euro’

Alexandros Lamnidis, general manager of the Greek Tourism Confederation (SETE), told CNBC on Tuesday that SETE wants Greece to remain a member of the currency union.

Israeli Tourists Opt For Greece, Snub Turkey

Greece has tourism parameters that Turkey cannot compete with, Culture and Tourism Minister Pavlos Geroulanos told the Israeli press last month during an official visit to Tel Aviv, Israel, aimed at attracting Israeli tourists to Greece.

Greek Tourism Revenue Drops, Arrivals Improve

Greece’s tourism revenue dropped 11.9 percent during the first six months of the year and 15.7 percent in June, according to data from the Bank of Greece.
To domestic tourism, ITEP predicted a drop since the cost of living has increased significantly and wages have been cut due to the government’s austerity measures.
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Greece Gets Negative Tourism Outlook For 2010

Prospects for Greek tourism in 2010 are anything but promising as the volatile and uncertain economic climate will leave no room for improved figures but only a qualitative approach in the industry, according to a recent study of the Institute of Tourist Research and Forecasts (ITEP).

Another Strong Year Forecast for Greek Tourism

The Association of Greek Tourism Enterprises has forecast a rise of around 8 percent in tourism arrivals this year, with more than 14 million tourists visiting Greece. The association says that tourist arrivals were up 7.2 percent from a year ago in January-October, compared with...

Hoteliers Agree To Bookings For 2004 Games

After promises by government quarters to hold off on any new hotels other than those already approved or being approved (4,500 rooms), the Athens Hoteliers Association agreed to book another 10% of available rooms in luxury hotel units for officials of the 2004 Olympic Games....