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

Local Banks Extend ATM Surcharge to Greek Non-customer Card Users

Greek debit card users will - as of July 20 - be charged an extra fee for the use of ATM machines at banks in which they do not have an account.

Greece Tumbles Near to Last on IMD Competitiveness List

Greece still needs to do plenty to become a competitive economy, as the country is almost last on the IMD World Competitiveness Ranking list for 2019, at number 58 out of 63 world economies.

Long-term Rental Property Market in Athens Gaining Lost Ground

Athens' rental property market is picking up pace after the economic crisis and the onslaught of short-term rental options, says Eurobank Property Services.

Greek Tourism Body SETE Calls for Integrated and Permanent Taxation Policy

The Greek Tourism Confederation (SETE) has reiterated its call for government planning that will include tax cuts in transportation, among others.

Greek Island Residents Can Now Claim Air Transport Discounts

Discounts for island residents, under the so-called "transport equivalent” program - known as “metaforiko isodynamo” (MI) - have now been extended to air travel.

High-speed Train Ready to Run Athens-Thessaloniki Route Under 4 Hours

Trainose's new high-speed passenger train will soon run the Athens - Thessaloniki route in less than four hours.

Deloitte Says Technology to Transform Property Market Practices

Evolving technology, faster processing, wider data collection and new business models are set to stimulate the property market, according to Deloitte.

Chinese Travelers Stimulating Greece’s Tax Free Market

Chinese travelers account for more than 40 percent of all 2018 tax free sales in Greece, according to findings released by solutions firm Global Blue.

Greece Evolving into Tax Free Shopping Destination

Greece is slowly but steadily evolving into a strong tax free shopping destination, according to data for 2018 released by solutions firm Global Blue.

Greek Tourism Body SETE Calls for Tax Cuts in Transport

The Greek Tourism Confederation (SETE) is calling for reduced taxation on transport, after Prime Minister Alexis Tsipras announced a series of tax relief measures.

Greek PM Announces VAT Cuts Ahead of May Elections

Greek Prime Minister Alexis Tsipras announced a series of new relief measures to take effect in 2019-2021 including the reduction of value-added tax (VAT) on restaurants and hotel accommodation.

Greek Tourism Boosting Property Market Growth, Says BoG

A friendlier investment environment supported by fast-track procedures and increasing tourism are set to revive Greece’s real estate market.

Report: Greece’s Construction Industry Set to Grow by 2022

Greece's construction sector is expected to recover over the 2018-2022 period, with a compound annual growth rate of 4.7 percent from -2.4 percent in 2013-2017.

Qatar Eyeing Investments in Greece

Attracting foreign investment topped the agenda of Greece's foreign minister, Georgios Katrougalos, who was recently in Qatar, to discuss ways of strengthening ties between the two countries.

Greek PM: Crete’s North Road Axis ‘Vital for Island’s Development’

The completion of Crete's north road axis is vital for the island’s further development, said Greek Prime Minister Alexis Tsipras.

Athenian Riviera Coasts A’ & B’ Set for Overhaul

Voula Coasts A’ and B’, two of Attica’s most popular beaches along the Athenian Riviera, will undergo a major revamp.

Transport, Exports Offset Greece’s Current Account Deficit in February

Greece’s current account deficit in February came to 990 million euros, down by 407 million euros year-on-year, according to the country's central bank.

Athens Q1 2019 Hotel Performance on the Downside

Athens hotel occupancy rates dropped by 6.8 percent in the first quarter of the year, with RevPAR down by 6.8 percent, according to the Athens - Attica & Argosaronic Hotel Association.

IOBE: Risk of Economic Slowdown in Greece for 2019

If Greece fails to free up productive forces through structural reforms, there will be a quick return to recession, according to the IOBE think tank.

Aktor Concessions SA Preferred Bidder for 40-year Alimos Marina Deal

Greek company Aktor Concessions SA has been selected as the preferred bidder for the right to manage the Alimos Marina in southern Athens.