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

Lesser-known Destinations, 3-star Facilities are Opportunities for Hotel Investors in Greece

Investors seeking to tap into Greece’s growing hospitality market should focus on lesser-known destinations and 3-star hotels, says Arbitrage Real Estate.

Real Estate Study Says Bad Hotel Loan Portfolios a Hidden Opportunity

Investment groups handling non-performing loan portfolios stand to gain from the hidden value of the properties serving as collateral.

Tourism Boom Taking a Toll on Greek Destinations, Infrastructure

With the number of travelers doubling over the last five years, authorities at Greek destinations are finding it difficult to address the results of so-called “overtourism".

Greece Hotel Units in the Red

Greek hotel owners seem to be unable to pay back the loans they've taken out, according to Bank of Greece (BoG) deputy governor Theodore Mitrakos. Out of a total of 7.6 billion euros in loans granted to tourist accommodations, approximately half (49.8 percent) have been recorded...