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

China’s Fosun Acquires Thomas Cook for $14.2m

Chinese conglomerate Fosun said it would be purchasing Thomas Cook for $14.2 million, weeks after the travel giant collapsed leaving thousands of holidaymakers stranded.

Greece Invites Arab Companies to Invest in Tourism

Speaking during the 4th EU-Arab World Summit in Athens, Tourism Minister Harry Theoharis invited the Arab world to invest funds in Greece's tourism product.

TUI Expects to Bring 3 Million Tourists to Greece in 2019

With Greece ranking among its two most important destinations for travel in 2019, TUI expects to bring more than 3 million customers to the country this year from all across Europe.

SEV: Production, Employment Hinge on Moderate Taxation

High taxation on households and businesses cannot drive growth and is putting a brake on Greece’s prospects, according to the Hellenic Federation of Enterprises (SEV).

Greece’s Privatization Agency Pushes Forth Two Rhodes Tourism Projects

Greece’s privatization agency has paved the way for the completion of a property sale on Rhodes for the creation of a tourism project that will include a golf course.

Coco-mat Opens New Hotel in Athens

Greek company Coco-mat Hotels & Resorts has opened its new five-star Coco-Mat Athens BC Hotel at the foot of the Acropolis.

Messolongi Marina Project One Step Closer to Completion

A marina project in the Greek town of Messolonghi, is moving ahead, after revisions made to the spatial planning and environmental terms.

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.

Zeus International Adds Former ‘Kaningos 21’ Hotel to Roster

Zeus International has been named preferred bidder for the former 4-star Kaningos 21 hotel, located in central Athens, on Kaningos Square.

Corfu’s Kassiopi Tourism Project Set to Take Off in 2019

Works for the 120-million-euro tourism project of NCH Capital in the Kassiopi region on the island of Corfu, are set to begin in early 2019.

Greek Hotel Sector Needs Favorable Tax Policy to Attract Investments, Says Alpha Bank

The Greek hotel sector needs a more favorable tax policy in order to attract investments and improve the quality of offered services, Alpha Bank says.

Greece’s Next 5-star ‘Wyndham Grand’ Hotel Slated for Crete

Wyndham Hotels & Resorts is set to open its second "Wyndham Grand" hotel in Greece on the island of Crete, in the summer of 2019.

Grivalia Hospitality Acquires Amanzoe Resort in Porto Heli, Peloponnese

Grivalia Hospitality has moved ahead with the acquisition of the Amanzoe luxury resort in Porto Heli, Peloponnese, Greece.

Greece-based CEOs: Tourism, Food Services to Top Investor Interest

Tourism and F&B services are the key areas of interest for investors seeking to place their money in Greece, according to market experts and company CEOs.

Tourism Minister: Demand for Greece is Now Stronger than Ever

Demand for Greece as a destination is now stronger than ever, Tourism Minister Elena Kountoura said during the 26th General Assembly of SETE.

‘Kilada Hills’ Luxury Tourism Project Moves to Next Phase

The Kilada Hills luxury tourism project in the Peloponnese is moving to the next phase after authorities approved a joint ministerial decision on the investment.

SEV Urges Greek Gov’t to Become More ‘Investor-friendly’

SEV President Theodoros Fessas is calling on the Greek government to become more investor-friendly and offer a range of services that will attract investments.

SEV: Greece Can Double Investments by 2025

Greece can more than double productive investment and create some 200,000 new jobs by 2025, according to the Hellenic Federation of Enterprises (SEV).

Greek Court Says ‘Atalanti Hills’ Tourism Investment Legal

The Atalanti Hills tourism project, slated for the Central Greece region of Fthiotida, has received the green light from the country’s highest court.

US Ambassador: Greece Would Love to Welcome More American Visitors

Greek local communities and mayors would love to have more American visitors, according to United States Ambassador to Greece Geoffrey Pyatt.