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

Commission: Greek Economy Showing Signs of Sustained Recovery

The Greek economy is showing signs of sustained recovery, according to the European Commission's Winter 2017 Economic Forecast for Greece.

Greek Hospitality Sector Welcomes 5-star Hotel Boom

Greece’s hospitality industry is seeing all the more 5-star hotels at major destinations across the country, offering visitors high quality services and at the same time attracting higher income travelers.

Greek Hoteliers Discuss Challenges at 6th General Assembly

Greek hoteliers discussed the challenges of the industry during the Hellenic Chamber of Hotels' 6th general assembly on Friday.

New Owner to Take Over Capsis Hotel on Rhodes

The historic luxury Capsis Hotel on Rhodes has now slipped into the ownership of entrepreneur Nikos Koutras for the amount of 30 million euros.

ICAP: Despite Growing Arrivals Greek Hotels Still Struggling

Despite the record number of arrivals to Greece, the country's hotel sector continues to be struggling, according to data of business services group ICAP.

Greece Economy Suffers, Business Creation Down by 50%

Tourism aside, Greece is still unable to restore its ailing economy to health, according to a 50% drop in the number of new companies established in 2016.

Avis Greece Up for Sale, Set to Break All Records in 2017

Avis Greece celebrated its positive performance in 2016 at a special event in central Athens this week, amid media reports of the company’s imminent sale.

Insecurity, Lagging Negotiations Dampening Investment Climate in Greece

The IOBE think tank expects Greece’s investment climate to be affected by the lingering insecurity due to ongoing bailout negotiations.

FS Italiane Now Owns Greek Railway Operator Trainose

Greek train operator Trainose was recently sold to Italian state railway group Ferrovie dello Stato (FS) Italiane for a sum of 45 million euros.

Main Greek Court Says Shops to Stay Closed on Sundays

Greece's Council of State has ruled against a 2014 decision by the serving development minister to allow the optional operation of shops across Attica and elsewhere on random Sundays throughout the year.

Lingering Debt Talks Keep Greece Tourism Officials Alert

Greek tourism officials are expressing concerns that constantly stalled bailout negotiations are bound to take a toll on the sector particularly now, the beginning of the summer booking season.

Greek Gov’t Planning Changes to Investor Visa Program

The Greek government is planning changes to the so-called golden visa program extended to foreign nationals investing in property in efforts to make it more attractive.

Greece Tourism Body Expects Record Arrivals in 2017, Spending Key

Tourist arrivals to Greece are expected to increase yet again this year, according to initial forecasts by the Greek Tourism Confederation (SETE), adding that the decisive factor will be an increase in spending.

Application Deadline for Tourism, New Media Subsidies Jan. 31

January 31 is the deadline for all interested parties wishing to gain access to subsidies under the new development law estimated by the end of 2020 to distribute some 4.2-4.3 billion euros.

EU Bank Launches Credit Line for Agriculture, Tourism, Manufacturing in Greece

The European Investment Bank (EIB) announced on Thursday the launch of a 1 billion euro "Loans for SMEs and MidCaps" credit line to Greek banks.

More EU Funds to be Made Available for Greek SMEs

The European Investment Fund (EIF) and the Greek economy ministry signed a funding deal to establish a 260 million euro risk capital Fund-of-Funds which will facilitate access to finance for entrepreneurs by unlocking the equity potential in the Greek market.

Greek Shipowners Boosting Fleet, Reinforcing Global Presence

Crisis aside, Greek shipowners are becoming even stronger global players says international financial services company Petrofin Research.

ICAP: Greek Tourism Sector Going Strong

Greece’s tourism sector is continuing to grow despite the ongoing economic crisis, according data released by Athens-based market research firm ICAP this week.

Greek PM Pledges Relief Measures for Island Communities

Greek Prime Minister Alexis Tsipras pledged to upgrade infrastructure, redesign coastal shipping, enhance transportation, support agriculture and local production, and boost local entrepreneurship in efforts to improve the standard of living on Greek island communities.

E. Aegean Islanders Ringing Alarm Bells Ahead of 2017 Tax Hikes

Eastern Aegean island professionals are ringing alarm bells in view of VAT tax hikes to take effect January 1 and are calling on the government to apply taxation rates that were applicable in 2015.