connect with us
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.
Photo by GTP
off

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.

Lamda Development Undertakes 100% of Hellinikon Mega Project

Lamda Development has completely taken over the Hellinikon concession that involves an ambitious project expected to bring in multiple benefits for Greece and its citizens.

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.
off

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.

Hellinikon Project Gets Green Light from Greek Gov’t

The Presidential Decree that paves the way for the development of the multi-million-euro Hellinikon project was signed in Athens.

Hellinikon Investor Lamda Calling for More Actions Fewer Words

Lamda Development is ready to launch works at Hellinikon, as long as the Greek government displays the political will for the project to materialize.

Lamda Says Hellinikon ‘Cannot Be Materialized’ Due to Double Talk

Hellinikon Global, the managing investor of the Hellinikon project, said that the investment cannot proceed due to continuous set backs and political double speak.

One Prerequisite Down Nine to Go for Hellinikon Project to Move Ahead

Of the 10 conditions for the Hellinikon project to move ahead only one has been met, while investors say it will take a decade to clear outstanding issues.

Plans for Skyscrapers at Hellinikon Raising Concerns

The Hellinikon project is facing a new obstacle as the Central Archaeological Council (KAS) must now decide on whether or not to allow the construction of six high-rise buildings.

A Forest the Latest Hurdle for Greece’s Hellenikon Project

A section of the Hellinikon property, where Lamda Development and Global Investment Group plan to erect a full-service resort, has been declared a forest area.

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.

Hellenikon Project in Greece Gets Parliament Go-ahead

An eight-billion-euro project to develop Hellenikon, Athens’ former airport complex, into a multi-purpose hub, was given the green light by majority vote in Greek parliament.

Hellenikon Project to Bring in €14.1bn in Tax Revenue, Report Says

The massive and highly anticipated Hellenikon project along the Athenian Riviera is expected to boost state coffers by some 14.1 billion euros in tax revenues between 2016 and 2041, according to the Athens-based Foundation for Economic and Industrial Reseaerch (IOBE).