Greece is instituting a new restructuring process for businesses in debt. SMEs question the scope of the Athens initiative.
A new analysis from GBR Consulting reveals that Athens and Thessaloniki hotels lost 79% and 67% of their revenue compared to 2019 numbers.
Some 30-plus hotels across Greece are to be auctioned in the next few weeks on acccount of inactivity related to COVID-19.
An Ernst & Young report estimates that the Greek tourism sector will lose €10 billion euros in 2020 on account of the COVID-19 pandemic.
Yanis Varoufakis, Greece’s former finance minister says his country will be the hardest hit by the economic turmoil.
The Greek ministries of economy, development, and tourism are looking at measures to support business owners affected by Covid-19 outbreak.
Greece’s 2019 tourism season warns of a disastrous 2020. Unless stakeholders think outside the box, Crete and other markets will suffer.
The Greek Confederation of Tourist Accommodation Enterprises (SETKE) welcomes a new law covering thematic and special interest tourism.
Athens, Greece has been named the 2018 European Capital of Innovation for the innovative it’s overcome social and economic challenges.
The Ministry of Economy of Greece has announced that Greek small and medium-sized enterprises (SMEs) active in tourism can now draw from additional subsidies.
Tourists continue to flock to Greece despite the recent deadly fires outside Attica, reports German business paper Handelsblat days after the World Tourism Organization (UNWTO) reassured travelers that the country was a safe destination.
The Interrail Greek Island Pass is a product of the train services of Greece in cooperation with the Attica Group ferries, which gives tourists of this wonderful country the chance to travel via ferry to 27 Greek islands, and many more using the 30% discount on other islands in the Aegean sea. This allows travelers to cheaply access the beautiful Greek isles at respectable prices.
As Greece slides further into the unknown, many European travel companies are reportedly preparing for the country to exit the eurozone. Yesterday the government announced new elections to be held in June after efforts to hammer out a new government failed this week. Thomas Cook, and other major travel players, are preparing for the eventuality of a Greek withdrawal.
The Eurozone is in deep trouble. The piling up of debt for member states now affects every country, every industry, all Europe is reeling at the ultimate realization economic chaos is no longer a distant danger. Italy’s Ecomomy Minister Giulio Tremonti said it all in an address on Thursday; “We move forward or we sink” – stressing the EU desperately needs a political solution to its money woes.
Greece has just brought into effect new rules that will benefit the travel industry there. For cruise lines, new fee schedules will allow businesses greater profit margins, and create new incentives for travelers. Government officials expect increased air traffic, as well as better sale of Greek made goods.