The contribution of Athens International Airport to the Greek economy has significantly increased during the last six years, due to a sharp rise in air arrivals.
The Bank of Greece cut its annual growth forecast, as it estimates the economy to grow by 1.6% percent, which is lower than the 2.5% previously expected.
Greek tourism contributes to the country's employment and boosts the revenue of social security funds, more than other sectors of the economy, recent figures show.
Greek tourism's progress, prospects and contribution to the Gross Domestic Product (GDP) were the focus of a meeting in Athens between Greek Tourism Minister Olga Kefalogianni and Bank of Greece governor Yiannis Stournaras.
The International Renewable Energy Agency (IRENA) and the World Tourism Organization (UNWTO), have joined forces to promote the use of renewable energies in Islands.
Athens International Airport (AIA) contributes an annual total added value of 5.1 billion euros, corresponding to 2.63 percent of Greece’s GDP, according to a study conducted by the Athens University of Economics and Business.
Greece cannot compete on a price basis with new destinations under its current hospitality cost structure but the country has the necessary element to reinvent itself, reshape its product, and market itself efficiently in order to maintain the positive publicity and the momentum...
The recent fires in Greece have destroyed over 1,900,000 hectares of land, claimed over 60 lives and destroyed dozens of villages. The loss of value of a number of tourism-related companies stocks on the days of the fires show how, according to the international press, the fires...
Tourism competitiveness does not depend only, or basically, on price, reputed the Association of Greek Tourism Enterprises after a recent report released by the World Economic Forum. The report on travel and tourism competitiveness, which placed Greece number 24 in a list of 124...
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.
The World Travel & Tourism Council released its 2005 travel and tourism forecasts for 174 countries and the world and an assessment of the impact of the Indian Ocean Tsunami on the industry at the recent 5th Global Travel & Tourism Summit in New Delhi, India. It also...
The reduction of the current account deficit by nearly 2 billion euros during the first 11 months of 2004 underscores the leading role the service sector, or at least part of it, can play toward balancing Greece's international transactions, according to the latest report of the...
Red tape, leading to delays and the disappointment of investors, has lead to less-than-expected investment in the Greek tourism sector over the past years. But now Economy and Finance Minister Giorgos Alogoskoufis and Tourism Development Minister Dimitris Avramopoulos, say the...
Greece's tourism fair Philoxenia 2003, October 30-November 2, arrived and left this year with little fanfare. For the most part, exhibitors simply said that like every other year the exhibition gives us a chance to see some old friends and business acquaintances. But this year,...
Development Minister Akis Tsohatzopoulos told journalists last month that the government hoped tourism would soon become "the basic economic factor in our country's economic and social development."
Leading travel and tourism industry associations from around the world have collaborated on a joint statement asking governments to work together in partnership to address concerns facing the global travel and tourism industry.
The terrorist attacks on New York and Washington last month dealt a terrible blow to the tourism industry, but officials of the World Tourism Organization predict that the industry will demonstrate its characteristic resilience with a quick recovery.
Tourist arrivals to Greece are expected to top 12 million in 1999, up 7.0 percent against the previous year despite a slowdown in overland arrivals due to the Yugoslav war.
