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

Online Mergers Begin In Travel Sector

It looks as if the expected batch of mergers in the online travel sector has begun with the purchase of Expedia by USA Networks Inc. The Internet and TV cable company says it plans to become the world's online travel powerhouse by taking control of the world's second largest...

Another Name Change For Flying Dolphins

In its heyday it was called Ceres Flying Dolphins, when purchased by Minoan it was Minoan Flying Dolphins, now that the tables have turned downward, the name of Greece's biggest hydrofoil fleet has been changed to Hellas Flying Dolphins.

New Offers For Olympic Airways

Axon Airlines SA, Golden Aviation Services (the Restis shipping group), Integrated Airline Solutions and Cyprus Airways deposited new bids for the purchase of national carrier Olympic Airways. As we go to press, bidders are said to be on their way to London to discuss the bids...

Olympic Airways Speeds Up Privatization And Gets Funds For Spata Move

Olympic Airways will relocate to the new airport at Spata come March next year following approval from the European Commission for the diversion of funds intended for plane purchases.

Autohellas To Take Over Manos Travel

Autohellas last month signed a preliminary agreement for the purchase of the majority shares in Manos Travel. The purchase places Autohellas in a position to expand services offered to the tourism sector. With its Hertz franchise, the company expects to post revenue of 24 billion...

Five Ferry Lines Cooperate To Cut Costs

Greek coastal shipping companies look to copy some of the international airline moves to cut costs. Five Greek coastal shipping companies have decided to pool their forces to achieve economies of scale to prepare for the deregulation of the domestic passenger shipping market in 2004.

Greece And The Travel Industry Loses A Man Of Ideals

On September 19, Greece's travel trade professionals paid their last respects to one of the industry's most well-known and well-liked travel and tourism pioneers, Dinos Arvanitis.

Leptos Group Renovates Panorama Hotel On Crete

The Panorama hotel unit in Chania recently became the latest member of the Cyprus-based Leptos Hotels & Resorts group. The 167-room first-class unit immediately underwent an extensive refurbishing program.

Louis Hotels Opens New Zakynthos Unit

The Cypriot-based Louis Group is securing a firm foothold in Greece through buyouts of existing hotels and the construction of new units. Its most recent purchase was the Louis Imperial Beach on Zakynthos, which lies next to the group's Palazzo di Zante and Royal Palace, just 17...

Manessis Renovates New Quarters

Greek travel agency Manessis recently moved to newly- purchased offices in downtown Athens and is now in the process of complete renovations of these quarters with the assistance of the Stylianides architectural team. The new offices will include the operation of an Internet...

Hyatt Regency Buys Grande Bretagne Shares

Through share purchases on the Athens Stock Exchange, the Hyatt Regency of Thessaloniki purchased at least 17% of the Athens-central deluxe hotel Grand Bretagne. Hyatt said it would acquire additional shares if the open-market price is reasonable.

Minoan Increases Revenue And Profits

Crete-based ferry operator Minoan Lines announced a substantial increase in pre-tax profits for 1999. Minoan said last year's revenue was up 7.1% against the year before and profits before taxes were up 65.5%.