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

Olympic Airways Sale On Hold

Recent events have created new conditions under which the privatization of Olympic Airways must be carried out. Although the Greek government gave the green light to privatization advisers Credit Suisse First Boston to continue negotiations with Axon Airlines until October 17 -a...

Terrorism Crisis Hits Greece’s Cruise Industry Hardest, For The Moment

Greece's cruise industry, because a significant portion of its business comes from North American customers, is in for a tough time. Along with this, the industry also has to deal with the possible surge in oil prices, the likelihood of a global recession, the difficulties in air...

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....

First Batch Of Promotional Funds Handed Over To EOT

Hellenic Tourism Properties handed over some two billion drachmas to the Hellenic Tourism Organization (EOT) recently as the first payment for the organization's tourism advertising campaigns abroad, which covers the majority of debt owed for same. As well, it's now official:...

Greek Hotels Look To International Management

With the recent agreement between the Chandris hotel group and the French hotel group Accor, whereby Accor takes over the management of the Chandris group, the Greek capital's major hotels are for the most part managed by multi-national hotel units. This is in stark difference to...

Tourism Institute Says Tourism Arrivals Will Drop This Year

Private sector tourism professionals say we are in for a bad year, but the government's tourism organization insists that we'll see another increase in arrivals this year. The end result will most likely be somewhere in between.

Temes Senior Open Golf Tournament Hands Out 70 Million Drachmas

Ninety of the best senior golf professionals in the world (three are Greek) arrived in Athens last month to play a tournament that hands out some 70 million drachmas to winners. The tournament will be televised over 20 television stations around the world and be seen by some 140...

Americans Remain Strong Mediterranean Cruise Passengers

The Mediterranean now attracts some 15 percent of world cruise passengers, according to recent data from the Cruise Lines International Association. The prime source for cruise passengers continues to be North Americans, with some six million estimated for this year, or about 80%...