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

Germany’s Alltours Enters Greece with Zorbas Village Takeover

German tour operator Alltours has entered the Greek tourism market, adding the Zorbas Village resort on Crete to its hotel chain Allsun Hotels.

Greek Properties Prime Buys for Luxury Holiday Home Buyers

Mykonos, Santorini, Paros and Rhodes are among the top choices for buyers seeking to invest in luxury holiday accommodation.

Northern Greece Ports Attracting Investor Interest

The Thessaloniki Port Authority sale is set to be completed by mid-September, paving the way for the sale of the Kavala and Alexandroupolis ports in northern Greece.

Ministry to Launch 10 Funding Programs for SMEs in Tourism and More

In the upcoming period the Greek economy ministry will launch ten EU funding programs totalling 600 million euros for the support of new business ventures.

Greek Hotel Group Lampsa Eyes Central Athens Ventures

Greek hotels group Lampsa SA is expecting in the immediate future the go-ahead via competitions for two projects in the heart of Athens.

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.

Athenian Riviera Projects Worth €10bn Pick Up Pace

Already home to some of the country’s finest hotels, recreational and cultural spaces, the Athenian Riviera is set to see impressive growth in the coming years.

Commission: EU on Path to Recovery 10 Years After Crisis, Greece Still Getting Aid

Ten years after the start of the crisis, Greece is the only EU member state out of eight still receiving financial assistance, the European Commission said.

Product Price Hikes Across 32 Greek Isles as of Jan. 1

Products and services on 32 islands in the Dodecanese and North Aegean Region will go up as of January 1, 2018, due to new VAT rates.

Greece Still Slow to Attract Tourism Investment

Investors seeking to place their money on tourism projects in Greece are becoming all the more reluctant due to time consuming procedures.

Greece to Ease Capital Controls as of Sept. 1

Account holders can as of Sept. 1 withdraw a monthly total of 1,800 euros in cash following a Greek finance ministry decision to ease capital restrictions.

Smaller Budget, Shorter Stays for Greek Vacationers

SETE says travel spending by Greek holidaymakers has decreased by 65 percent in the last nine years with locals set to vacation less in 2017.

Hellinikon Plans to Include Six Towers, Metropolitan Park

A 7-billion-euro project to develop Hellinikon, Athens' former airport, will include the construction of six 200-meter-tall buildings.

Thessaloniki Port Authority Management Has Big Plans

Transforming Thessaloniki port into a gateway to the Balkans is the priority of a consortium of three companies, which have stepped in as the port’s new managers.

Economy Minister: Greece to See Signs of Growth, More Investments in 2017

The Greek economy will mark the first signs of growth this year and see an increase in investments, according to Economy and Development Minister Dimitris Papadimitriou.

IOBE: Thessaloniki Port Privatization to Bring in €1.6bn in Next Decade

The privatization of the Thessaloniki Port Authority is expected to contribute to GDP growth in Greece by up to 1.6 billion euros by 2026, IOBE think-tank says.

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.

Limited Investment Thwarting Greece’s Recovery, Report Says

Pulling Greece out of investment stagnancy must involve carefully planned policies that will be implemented with consistency, a PwC report says.

Three More Central Athens Hotels in the Pipeline

A tender for the long-term lease of three properties in central Athens is expected to be announced by the Bageios Foundation in the coming months.

PwC: Transport, Tourism & Energy Projects Key for Growth in Greece

Transport infrastructure, upgrading, building and completing key tourism related projects are among the priorities the Greek government must implement to see growth, according to a PwC report.