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Greek Hotel Market Sees Slight Decrease in 2019, Says MKG

Although hotels in European Mediterranean countries ended 2019 with growth, Greece experienced a slight downturn last year in terms of RevPAR and occupancy rate, according to data provided by MKG Group.
Posted On 18 Feb 2020
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New Provision for Greece’s Thomas Cook-hit Tourism Businesses

Greece’s Independent Authority for Public Revenue will allow an income tax deduction for businesses affected by the Thomas Cook collapse.
Posted On 20 Jan 2020
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Greece Sets Unemployment Aid Terms for Thomas Cook-affected Staff

The Greek government has announced the terms for unemployment benefits for staff working at tourism enterprises impacted by the collapse of Thomas Cook.
Posted On 07 Jan 2020
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Greek Hoteliers Expect 2020 to Be a Challenging Year for Tourism

The new year is expected to be one with many challenges for Greek tourism, according to the Hellenic Hoteliers Federation.
Posted On 30 Dec 2019
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Greece Announces Interest Subsidy Scheme on Loans for Thomas Cook-affected Businesses

Greek businesses affected by the collapse of Thomas Cook can apply to receive loans at subsidized interest rates, according to the Ministry of Development and Investment.
Posted On 23 Dec 2019
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Greece Allocates €30m to Thomas Cook-hit Businesses

Thirty million euros will be allocated to tourism enterprises impacted by the collapse of Thomas Cook UK, according to Greek Tourism Minister Harry Theoharis.
Posted On 26 Nov 2019
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Thomas Cook Germany Goes Down Too

The Thomas Cook domino effect continues to be in full swing with its Germany subsidiary, Thomas Cook GmbH, announcing that it has cancelled all trips for 2020.
Posted On 13 Nov 2019
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China’s Fosun Acquires Thomas Cook for $14.2m

Chinese conglomerate Fosun said it would be purchasing Thomas Cook for $14.2 million, weeks after the travel giant collapsed leaving thousands of holidaymakers stranded.
Posted On 04 Nov 2019
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Expert: Greek Hoteliers Must Limit Reliance on Tour Operators

Greek hoteliers must expand their partnerships in the wake of Thomas Cook’s collapse, according to tourism industry expert Andreas Papatheodorou.
Posted On 15 Oct 2019
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Photo source: Greek Travel Pages (GTP)
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Greece’s New Tourism Campaign to Focus on New Markets, Affluent Travelers

Greece's new tourism strategy for 2020 will focus on new markets and affluent travelers, according to GNTO Secretary General Dimitris Fragakis.
Posted On 11 Oct 2019
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beach Mykonos
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Thomas Cook: Greece Aims to Cover Lost Ground via Tourism Promo Drive

A new tourism campaign to launch in Greece in January, is one of many emergency measures taken in the aftermath of Thomas Cook’s collapse.
Posted On 11 Oct 2019
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OAED: Scheme to Secure Jobs for Greek Tourism Businesses after Thomas Cook Ruin

OAED has announced another support measure for Greek tourism professionals affected by the ruin of Thomas Cook.
Posted On 03 Oct 2019
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Thomas Cook Default Impacts 38 Countries, 8.6m Flight Seats

Thirty-eight countries and 8.6 million seats will be affected by the bankruptcy of UK tour operator Thomas Cook, says a recent analysis.
Posted On 02 Oct 2019
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Heraklion Airport, Crete
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Greece’s Thomas Cook Repatriation Operation in Full Swing

The repatriation process of the tourists stranded in Greece due to the collapse of Thomas Cook, should be completed in the next few days.
Posted On 01 Oct 2019
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Greece: New Relief Actions for Thomas Cook-affected Businesses

Relief measures were announced for Greek tourism businesses affected by the collapse of Thomas Cook.
Posted On 30 Sep 2019
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Thomas Cook
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Moody’s Says Thomas Cook Collapse May Take Toll on Greek Banks

Greece's banks may be next to suffer the blow of the Thomas Cook downfall, according to a report by ratings agency Moody’s.
Posted On 27 Sep 2019
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Casa Cook Chania Beach Club on Crete.
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Thomas Cook Backlash: Greek Hoteliers Call for Relief Measures

The Hellenic Federation of Hoteliers estimates that hotels across Greece will face losses of 200 million euros as a result of Thomas Cook’s collapse and calls on the government to take relief measures.
Posted On 27 Sep 2019
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Greek Hotels Chief: Biggest Challenge 2020 Gap After Thomas Cook’s Demise

Greek hospitality stakeholders must work together to address the consequences Thomas Cook’s collapse will have on tourism next year, says HCH President Alexandros Vassilikos.
Posted On 26 Sep 2019
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Greek Tourism Minister Haris Theoharis. Photo by GTP
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Thomas Cook Shutdown: Greek Gov’t Vows to Stand by Affected Tourism Businesses

The Greek government will stand by the country’s businesses that have been affected by the Thomas Cook shutdown, says Tourism Minister Harry Theoharis.
Posted On 25 Sep 2019
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Thomas Cook Collapse May Cost Greek Tourism €500m

The losses for Greek tourism enterprises from the collapse of UK travel giant Thomas Cook could exceed 500 million euros in the long run.
Posted On 24 Sep 2019
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