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

New Agreement for Sale of Astir Palace Signed

The new agreement for the concession of the Astir Palace Resort has been signed by main stakeholder National Bank, Greek state privatization fund TAIPED and the preferred bidder, Jermyn Street Real Estate Fund.

Lufthansa, Austrian Airlines Partner With Amadeus To Boost Merchandising Offer To Travelers

Lufthansa and Amadeus announced a new agreement that will see the airline sell advance seat reservation as an ancillary product in the travel agency channel using Amadeus Airline Ancillary Services.

Travelport And Alitalia Agree Merchandising Distribution

Travelport, the business services provider to the global travel industry, and Alitalia Compagnia Aerea Italiana, announced on 6 November the implementation of a new agreement for the distribution of ancillary services to Travelport-connected agencies in Italy and worldwide.

Galileo Becomes First Global Reservation System Not Owned By An Airline

Galileo International, Inc., a popular global distribution system used by Greek travel agents, recently signed an agreement with Cendant Corporation of the U.S. According to the agreement, Cendant acquires all of the outstanding common stock of Galileo for about $2.9 billion....