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

PM Tsipras: Greece is Going from ‘Grexit’ to ‘Grinvest’

The Greek economy is showing signs of recovery, attracting the interest of foreign investors, PM Alexis Tsipras said at the 82nd Thessaloniki International Fair.

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.

Greek Tourism Afloat Despite Capital Controls, Minister Kountoura Shares Experience

Tourism Minister Elena Kountoura shared the Greek experience in managing crises, during the International Travel Crisis Management Summit (ITCMS) that took place on Thursday at the Haberdashers' Hall in London.

UK Votes EU Away, Fears of Domino Effect Linger

Europe appears to be shocked at the decision of UK citizens to leave the EU voting by 51.9 percent for an exit while conservative parties across the 28-member bloc are now calling for referendums in their countries placing European unity at risk.

Greek Tourism Minister Says 3rd Bailout Plan Offers ‘Milder Adjustment’

A third bailout for Greece, valued at 86 billion euros, seems to be in the works, the Greek government said on Tuesday, but European officials are still not clarifying whether the deal will go through.

Greece Fluster, Tunisia Attacks Curb Thomas Cook Gains

The Thomas Cook Group announced Thursday, that the June 26 terrorist attack in Tunisia, and the recent political and economic turmoil in Greece, were expected to take a toll on the company’s full-year profits, despite reporting solid results for the third quarter ending June 2015.

XRTC Report: VAT Hike on Greek Coastal Shipping to Have Opposite Effect

According to the 14th XRTC report, a tax increase translates into higher travel costs, inevitably leading to a drop in demand and thus directly affecting companies’ revenue and ability to operate, with a potential “grexit” still looming.

Greek VAT Scheme Seeking 2.4bn Euros May Take Toll on Tourism

The Greek government aims through last week’s decision to implement tax hikes across the board to bring a total of 2.4 billion euros to state coffers in the next 18 months.

WEF Top Economist Says Greece Can Get Back on Track… As Long As…

Improving the quality of education, ensuring the broad-based participation of all its citizens in real employment, cutting red tape for new businesses and doing away with corruption, should be top priorities if Greece ever wants to recover from its current “economic malaise”,...

Eurozone Leaders Reach Agreement on Greece

“EuroSummit has unanimously reached agreement. All ready to go for ESM program for Greece with serious reforms and financial support”, EU President Donald Tusk tweeted on Monday morning after marathon talks over a third bailout for Greece.

Why Greek Ticket Agent Travelplanet24 – airtickets.gr Almost Went Offline

Greek online ticket agent Travelplanet24 – airtickets.gr intended to go offline recently due to the capital controls imposed on Greek banks in the run-up to the June 5 referendum.

Germany’s FTI Touristik Says Bookings to Greece Steady

Bookings to Greece remain steady, on the par with 2014, which was an excellent year for tourism, the head of German travel company FTI Touristik said during a Munich presentation last week of its winter program.

Turkish Airlines Still Issues Tickets Through Athens, Thessaloniki Offices

Turkish Airlines said that it is continuing to issue tickets from its central offices in Athens and Thessaloniki, despite having been forced due to the current economic situation in Greece, to temporarily withdraw BSP ticketing authority for all Greek travel agents.

TUI Group Says Greek Tourism Still Strong, Sees More Bookings in 2015

TUI Group said that Greek tourism is still strong and called on sector authorities and government officials to focus on maintaining the momentum and tapping into the needs of visitors to the country.

‘Guardian’ says ‘Go to Greece’, Calls for Solidarity through Tourism

Aptly titled “Want to help Greece? Go there on holiday”, the Guardian is recommending holidaymakers “show solidarity through tourism” and visit Greece.

Airlines Stop Selling Tickets Temporarily Via Greek Travel Agents

A number of international airlines have announced that they are temporarily withdrawing the BSP ticketing authority for all travel agents in Greece due to the political instability and financial situation in the country.

Thomas Cook: Tourists are Enjoying Holidays ‘Without Disruption’ in Greece

British tour operator Thomas Cook said on Monday that its feedback from its team and returning holidaymakers on Greece has been that it is business as usual in the Greek resorts, with customers continuing to enjoy their holidays without disruption.

Greek Referendum Toll on Tourism in the Spotlight

The Greek tourism sector is calling on all professionals to remain collected and optimistic as they look for ways to save the season, following a week of closed banks, negative media coverage and a referendum calling for no more stringent austerity measures imposed from abroad.

Tourists Turn a Blind Eye to Greek Crisis, Still Pick Greece

The Greek referendum on Sunday may have led to political turmoil in the EU but travelers are still coming to Greek shores with the number of British tourists seen as rising.

German Press Dismayed With Greece’s ‘No’

The German press was not happy with Greece’s referendum result on Sunday, when a massive 61.31 percent voted against the stringent austerity measures demanded by the country’s international lenders.