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

Greece Welcomes More Russian Tourists, Turkey Spillover

The number of Russian travelers to Greece and the resultant spending has given the Greek economy a much-needed boost with arrivals up by 47.6 percent at 83,000 and spending increased by 8.7 percent or 54 million euros in the first five months of the year, according to data...

ICAP: Greece Tourism Growth Boosts Hospitality Sector

Greece’s hospitality sector is seeing a boost in revenues thanks to an ongoing upward trend in tourism, a recent ICAP sector study reveals.

Study: Greece Four-month Direct Hotel Bookings Drop

Direct bookings to Greek hotels declined in the first four months of the year by 9.3 percent compared to the same period in 2015, according to a recent study released by digital marketeers Nelios, who cited the recent instability in the wider region behind the dwindling figures.

Last-Minute Bookings to Make or Break 2016 Tourism for Greece

While incoming air traffic to Greece for the January-June period marked a 4.9 percent increase, up by 278,000 arrivals, inbound road traffic dropped by 7.4 percent at a loss of about 337,000 arrivals compared to the same period in 2015.

PayPal, Data Insight: Russian Travelers Have a Soft Spot for Greece

It seems that Russian vacationers have a soft spot for Greece and the numbers are growing according to a recent online study by PayPal and Data Insight which bears this out with the number of Russian tourists visiting this summer expected to rise by up to 70 percent.

SETE Chief Says 2016 ‘Last-minute’ Year for Greek Tourism

SETE President Andreas Andreadis' outlook for Greek tourism in 2016 is reluctantly optimistic, as he described it as a “last minute year” due to the inconsistency of bookings and said that the positive outcome is more due to the geopolitical events in the region rather than...

TUI Says Austrian Vacationers Have a Soft Spot for Greece

Turkey move over, Greece now leads Austrian travelers’ holiday destination choices, according to a survey carried out by international tour group TUI and presented in Vienna recently.

WTTC: Tourism Investment in Greece Drops, Better Outlook in 10 Years

Greek tourism seems to slowing down this year according to the World Travel & Tourism Council (WTTC) which predicts that tourism investment in Greece is set to drop, adding however that travel receipts will mark a small rise.

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...

Mouzenidis Group Moscow Meet Brings Greece Closer to Russia

More than 700 tour operators from across Russia participated in the Mouzenidis Group’s 1st Business Forum 2016 held at the Renaissance Monarch Center in Moscow on Tuesday, which cast the spotlight on Greece and its tourism offerings this summer.

Greek Island Professionals Fear Hotspots will Deter Tourism

The five Greek islands bearing the brunt of the swelling numbers of fleeing refugees from Syria and elsewhere may also have to deal with dwindling numbers of tourists, which have for decades been their primary source of revenue.

Greece Refugee Crisis Warding Off German Travelers

The ongoing refugee crisis in the Aegean, and Greece's economic instability are taking a toll on bookings by German holidaymakers, according to figures released by tourism group DER Touristik during its annual meeting held in Athens on Tuesday.

Alpha Bank Bets on Greek Tourism

Greek tourism is moving in the right direction, with 2016 set to be a promising year, according to a recent Alpha Bank report.

Kountoura Says Gov’t Eyeing Offsetting Measures for Tourism Industry

Alternate Tourism Minister Elena Kountoura announced changes to the criteria that accommodation facilities in Greece must meet in order to be awarded relevant classification following her meeting with the Hellenic Chamber of Hotels (HCH) in Thessaloniki, last week.

Pieria Hoteliers Team Up to Discuss Quality vs Illegal Board

A total of 228 hoteliers from the Pieria prefecture met on Thursday, during the Hellenic Chamber of Hotels (HCH) 2nd workshop in the town of Katerini, central Macedonia, to discuss the procedure and legal framework of the new classification system.

Research Body ITEP: Still Many Pressing Issues in Greek Tourism

Mismatching revenues with increasing number of arrivals, a decline in spending, fewer overnight stays and seasonal demand, continue to be pressing issues affecting Greece’s tourism sector.

Alpha Bank: Improved Tourism Performance Puts a Brake on Recession in Greece

Increased tourist arrivals and the incoming cash flow appear to have saved Greece from the depths of recession, according to a report released last week by Alpha Bank.

Greek Elections to Put Tourism to the Test… Again

Greece’s tourism industry will again have to flex its muscle ahead of yet another election period set for this coming September, in the middle of the fall tourism season, which is expected to see some 5.5 million tourists - roughly translating into 3.2 billion euros - making...

Greece Tourism Resilient: Arrivals Stronger Than Ever

Greece may be in the midst of economic and political turmoil, but tourism is still going strong, according to the latest figures released by the Bank of Greece.

Greece’s ‘Rent a Room’ Market Takes a Fall

The August 15 Dormition of the Virgin Mary holiday is the peak season for Greek holidaymakers to travel, but this year the number has dropped by 20 percent.