X Industry news

Economy Minister Dimitris Papadimitriou and US Ambassador to Greece Geoffrey Pyatt agreed to the creation of a Greek-US investment committee.

Bookings from the United Kingdom to Greece are showing an improvement so far, according to SETE President Yiannis Retsos.

A total of 120m euros has been earmarked for the establishment of new and the completion of incomplete tourism enterprises, while applications open in December.

The multi-million-euro revamp of the Astir Palace will proceed according to schedule with plans to open its doors to the public in spring next year.

Greek destinations Heraklion and Athens are “standout performers in 2017”, according to a research released during the WTM London.

Tourism Minister Elena Kountoura was among the main speakers to talk about “overtourism” during the 11th UNWTO/WTM Ministers Summit in London.

Increasing tourism flows and dropping prices are making Greek hotels an attractive investment choice with hospitality units on the islands winning over buyers.

The Greek economy is showing signs of recovery with the economy ministry expecting FDI to exceed 4 billion euros in 2017.

Greece’s tourism has seen a bumper year in 2017 and the prospects for 2018 are even more positive, according to an annual survey released at WTM London.

International arrivals to Greece are estimated to exceed 30 million by the end of the year, Tourism Minister Elena Kountoura said during WTM London 2017.

The first signs for Greek tourism in 2018 seem to be positive, SETE President Yiannis Retsos said on the opening day of the WTM London 2017.

Α decision to eliminate a special tax status on the Greek isles may be postponed, as the government looks into ways to ease the tax load on its citizens.

Greece will be promoted as a 365-days-a-year tourism destination at the WTM London that will open its doors on Monday, November 6, at ExCeL.

Coastal shipping bolstered the Greek economy by 2.3 billion euros in 2016, according to a study by the Foundation for Economic and Industrial Research.

An underwater research along the southern coast of Naxos revealed new archaeological finds, indicating the use in ancient times of natural ports as docking areas.

Dolphin Capital has entered into an agreement with Kerzner for the development of a luxury tourism project on Kea in Greece.

Greece has a large opportunity for further growth in tourism related online sales, according to a study by Oxford Economics.

Less red tape and reforms aside, business owners in Greece still have to hand over more than half of their earnings to the state.

Greek Tourism Minister Elena Kountoura will discuss the challenges of “overtourism” at the UNWTO/WTM Ministers’ Summit at WTM London.

Air Mediterranean has announced new flights connecting Athens with London, Stockholm, Jeddah, Baghdad, Casablanca and Khartoum.