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Greece's latest tourism industry news by Greek Travel Pages

Athens No Longer Considered A Saturated Area For New Hotel Units

Some 20 new hotels with a total capacity of some 5.000 beds and costing an estimated 100 billion drachmas are expected to be built in Attica over the years leading up to the 2004 Olympics, Development Minister Nikos Christodoulakis said last month.

Tourism Units Head For Stock Market

At least four tourism enterprises head for the Athens Stock Exchange this year in search for cash. The Astir Group wants 18 billion drachmas, the Divanis group 20 billion, the Club Hotel Loutraki 55 billion, and the Casino Xanthis two billion drachmas.