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

Robust Revenue for Fraport in 2017 Driven by Greek Airports

Fraport Group announced strong revenue for 2017 driven by significant traffic growth at its airports, with those in Greece boosting revenue by 234.9 million euros.

Greece Finalizes Airbnb Online Registration Platform

Property owners leasing their homes via Airbnb or other platforms will be required within the month to register all rental activity on an electronic registry.

Demand for Athens Center Property Peaks

Demand for Athens center properties is increasing with investors planning to transform their buys into offices, boutique hotels and Airbnb-style units.

PwC: Greece’s Incomplete Infrastructure Works Worth €18.7bn

The backlog of infrastructure projects in Greece has grown to 18.7 billion euros, according to a study released by PwC Greece.

Greece Real Estate Attracting Foreign Capital Inflows

Foreign investors injected the Greek economy with 503 million euros in capital in 2017 for the purchase of property, according to Bank of Greece data, marking an 86.5 percent increase compared to 2016, the highest in the last decade.

Greece’s Hellinikon Tourism Project Gets High Court Approval

The Council of State has decided that the presidential decree for the development of Athens former airport into a multipurpose resort area is legal.

Fourth Tranche for Greece Hinges on Hellinikon Project Approval

The Hellinikon investment project, set to be developed at the former Athens airport, is still hinging on the approval of the Council of State.

Foreign Real Estate Agents Eyeing Greek Market

Foreign real estate agencies are aiming to get a bite out of Greece's booming market by offering their services to buyers seeking for properties in Athens and other destinations.

UBS: Greece Set for Bailout Exit ‘Healthier’ than Expected

Greece is set to exit its bailout program and move towards growth in 2018 and 2019, according to a report by Swiss financial services provider UBS.

Privatizations Set to Boost Greek State Coffers by €2bn

Greece’s international lenders and the government are estimating that privatization projects will boost state coffers by some 2 billion euros this year.

Amsterdam to Impose 30-day Limit on Airbnb-style Rentals

In efforts to rein in short-term home rentals, officials in Amsterdam said the city would be imposing a cap of 30 nights per year as of 2019.

Greek Taxmen May Pose as Tourists to Worm Out Illegal Airbnb Rentals

Greek taxmen may go undercover as tourists and conduct on-the-spot checks to ferret out sharing economy lodgings that are operating illegally.

Greece is an Attractive Investment Destination, Says PM Tsipras

Greece is returning to growth and has become an attractive investment destination, according to Prime Minister Alexis Tsipras.

Greek Economy Ministry Expects FDI to Exceed €4bn in 2017

The Greek economy is showing signs of recovery with the economy ministry expecting FDI to exceed 4 billion euros in 2017.

Fraport Greece Airports Boost Parent Company Profits

Fraport Greece has boosted German operator Fraport’s turnover by approximately 181.4 million euros since April, when it took over 14 Greek regional airports.

Greek Deposit Inflows Slowly Picking Up Pace

Private sector deposits at Greek banks picked up pace in the summer months on back of improved tourism figures and following the third bailout deal.

Levy on Short-term Rentals to Boost Greek State Coffers by €48 million

Annual income earned from Airbnb-style rentals is set to be taxed up to 45 percent, boosting state coffers by some 48 million euros in 2018.

Greek Gov’t Can Collect Up to €48m in 2018 by Taxing Airbnb-style Rentals

A total of 48 million euros is estimated to go into Greek state coffers in 2018 according to a document released, revealing a set of 140 EU requirements Greece must implement.

IOBE Trims Greece’s Growth Forecast Due to Lagging Bailout Progress

The Greek economy will grow by up to 1.5 percent in 2017, below January forecasts, as the lingering bailout negotiation process continues to fuel uncertainty.

Fraport Steps in as Manager at 14 Greek Airports

Fraport Greece is taking over the 40-year management of 14 regional airports across Greece and plans to proceed with renovation and construction works.