Tourism

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Oct 21
3 min

Bank of Greece Update on the Balance of Travel Services

Greece's national development strategy since 1980 has put tourism at the forefront. This has resulted in a massive increase of incoming t...

Oct 3
2 min

Only 60% of hotels opened in Greece

According to a report by the Greek Institute for Tourism Research and Forecasts (ITEP), only 60% of all hotels in Greece operated during ...

Sep 21
2 min

Greek Tourism Revenue decreases by 86% in January-July 2020

According to the Bank of Greece, travel receipts fell by € 7.86 billion to € 1.25 billion in January to July 2020. This is a decline of 8...

Sep 15
2 min

DBRS Morningstar outlines COVID-19 Economic Risks to Tourism in Greece

DBRS Morningstar has released a report on the economic vulnerabilities faced by the southern European countries most exposed to tourism a...

Sep 13
2 min

New Hotels Opening in Athens

Despite the recession in tourism and low occupancy rates, new hotels keep opening in Greece. The Athens Capital Hotel – MGallery was laun...

Sep 13
2 min

Fraport Greece Completes Renovation Works at 11 of 14 Greek Regional Airports

According to a recent announcement by Fraport Greece, the company has completed renovation works at 11 out of 14 Greek regional airports ...

Aug 26
2 min

Athens Hotel Occupancy Down by 49% to July 2020

The Athens – Attica & Argosaronic Hotel Association performed a study on the Attica hotel occupancy during January – July 2020. The study...

Aug 3
6 min

First Indications of the Coronavirus Second Wave

The onset of tourism and the relaxation of social distancing show that a Second Wave of COVID-19 infections is starting.

Jun 28
2 min

Athens appears 4th on Top 10 Most Booked European Cities List

Despite the Covid-19 impact on tourism, Athens is the 4th city among 10 most booked European cities. London, United Kingdom: 29 June 2020...

Jun 21
2 min

NCH Capital breaks ground on the Kassiopi Tourism Project in Corfu

After eight years of judicial and bureaucratic obstacles, NCH Capital began construction activities at the Kassiopi Project, a € 120 mln ...

Jun 17
2 min

Ernst Young estimates € 8 billion in losses to Greek Tourism Sector in 2020

Tourism is a key economic sector in Greece, accounting for some 20% of GDP and employment of nearly 850,000 people in 2019, according to ...

Jun 16
1 min

TUI to restart flights to Greece in July 2020

TUI, the international tour operator, is planning to restart flights and travel packages to Greece in July 2020. This is a sign of confid...

Jun 2
2 min

Greece announces tourist arrival policy

The Greek government announced the schedule for flight arrivals in Greece following the COVID-19 lockdown. International flights to Gree...

May 13
2 min

Greek Government agrees Alimos Marina Investment to Aktor for € 57.5 million

The Hellenic Republic Asset Development Fund (HRADF) of Greece announced the award of an investment and concession agreement of the Alimo...

Jul 4, 2018
2 min

HIG announces strategic investment in Aldemar Hotel Group

Harvard Investment Group (HIG) has announced a strategic investment partnership with Aldemar Group. HIG has agreed to invest in 2 Aldemar...

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