Greece
Business
Thomas Cook Company Says Greece Still Primary Destination for its Travelers
The tourism giant Thomas Cook, reorganized after its bankruptcy and now owned by Fosun Tourism, a subsidiary of the Fosun Group, owned by Chinese billionaire Guo Guangchang, says that Greece still tops their list when it comes to destination...
Economy
Greek Hotel Losses from Thomas Cook Collapse Estimated at 315 Million Euros
Hotel losses in Greece caused by the collapse of the Thomas Cook travel conglomerate are estimated to 315 million euros, the Hellenic Chamber of Hotels announced on Tuesday.
The Chamber presented the results of a survey conducted by Greece's Research...
Greece
Greek Hotel on Rhodes Sponsors British Couple's Wedding After Thomas Cook Collapse
A hotel on the Greek island of Rhodes and the manager of the local Thomas Cook office turned the recent devastating news of the travel giant's collapse to a fairytale for a British couple this week.
Thomas Cook, a 29-year old...
Greece
Greece's Damage From Thomas Cook Collapse To Exceed €500 Million
Monday's shocking announcement that the British tourism giant Thomas Cook had collapsed has sparked fears across Europe in the countries where the firm had booked thousands of accommodations and tours, among which Greece holds a prominent place.
According to the...
Greece
Greek Tourism Industry Suffers Blow After Thomas Cook Collapse
The Greek tourist industry is reeling following the announcement on Monday by Britain's Thomas Cook tour operating corporation has ceased all trading of shares in the company.
Approximately 50,000 tourists who had booked their holidays through Thomas Cook are now...
Greece
Thomas Cook to Invest €150M in Greek Tourism in 2018
Thomas Cook, one of the world's biggest tour operators, has pledged to invest around €150 million ($173 million) in the Greek tourism sector this year.
At a news conference held on the occasion of the official launch of Thomas Cook’s...
Business
Thomas Cook Tour Operator to Expand Presence in Greece in 2018
Thomas Cook will be expanding its presence in Greece in the summer of 2018. The group dubs Greece as one of its most promising in the Mediterranean in the tourism sector, in terms of projected growth for 2018.
“Greece was...
Greece
Thomas Cook Travel Agency Sees 40% Rise in Bookings to Greece
The Thomas Cook travel agency enjoyed a 40% rise in bookings to Greece in the last quarter, mostly attributed to holidaymakers' fear of terrorist acts in Turkey and other countries that face similar threats.
According to a Daily Mail online...
Economy
Greek Hotels Plead For Help Amidst Despair Over TUI Debt
Greek hotel owners are facing huge losses this year as Tui AG, the largest leisure, travel and tourism company in the world, is deferring the payment of monies due to them this year — until March of 2021.
The Anglo-German...
Greece
Belgians' Interest in Greek Tourist Destinations Sees Huge Uptick
The positive course of early vacation reservations from the Belgian tourist market, as well as the increased interest of thousands of Belgian nationals in all Greek destinations, was reflected at the 62nd International Tourist Exhibition "Salon des Vacances," which...
Greece
Greek Island Travels on London Underground
Skiathos, the most famous island of the Sporades and one of the favorite Greek destinations throughout Europe, will be advertised in all London Underground trains.
The island is very popular among British visitors. However, after the bankruptcy of UK business...
Greece
Greece's Tourism Revenues Up by 13.6% So Far in 2019
According to Bank of Greece data on the country's current account balance between January and August of 2019, revenues from tourism rose by an impressive 13.6 percent compared to the same period last year.
There was also a 3.6 percent increase...
Greece
Greek Airbnbs Hosted 1.8 Million Foreigners During 2018
The Bank of Greece recently published its final, official figures on Greece's tourist performance for 2018, bringing to light some interesting figures regarding the short-term rental sector, mainly the popular Airbnb platform.
According to these final numbers, a jaw-dropping total of...
Business
Top 4 Direct Foreign Investments in Greece for 2018
With the end of the third bailout program in August, foreign investments in Greece will continue stronger for the next years as the economic outlook appears more promising than in the crisis years.
In this light, foreign giants continue to...
Greece
UK Airline Apologizes After Passengers Swelter at Greek Airport (video)
Passengers flying to the U.K. from the Greek island of Zakynthos have said they suffered fits and panic attacks after they were kept on the plane for three hours with no air conditioning.
With temperatures as high as 84F (29C)...