Tourism Investments & Real Estate

German transport company Fraport expects to officially take over the operations at 14 regional airports in Greece at the end of this year, after obtaining the necessary permits and solving some technical issues, according to the company’s CEO, Dr. Stefan Schulte.

Looking to expand its services and meet the changing needs of the holidaymaker, Aldemar Group, one of the country’s leading hotel chains, is placing its bets (and capital) on the Peloponnese.

Greek tourism sector professionals can now apply online for EU subsidies through the National Strategic Reference Framework (NSRF) 2014-2020 program, with the procedure running through to May 17.

China has expressed interest in importing agricultural products of Crete, especially the island’s olive oil and wine.

Greek tourism seems to slowing down this year according to the World Travel & Tourism Council (WTTC) which predicts that tourism investment in Greece is set to drop, adding however that travel receipts will mark a small rise.

Travel firm Minoan Group has received the Greek government’s final approval for the construction of a five star plus quality resort on Crete.

The board of the Athens International Airport (AIA) decided last week to launch negotiations for the 20-year extension of the concession contract for the management of the country’s largest airport.

A massive tourism complex including a five-star hotel, bungalows and holiday lodgings on the Ionian island of Corfu has received the go-ahead from the culture ministry.

Some 40 percent of Greece’s tourism enterprises are currently facing serious sustainability issues, mainly due to over-taxation, according to the Greek Tourism Confederation (SETE).

Greece has “created” a series of tax disincentives that discourage the smooth operation of tourism enterprises and the launch of investments in the sector, according to the results of a study announced by the SETE Institute (InSETE).