Articles tagged “greece”

News Blog

European Tourism Mostly Remains Well Below 2019 Levels: Fresh Data

About two-thirds of European destinations remain below their pre-pandemic number of international tourist arrivals, according to the European Travel Commission’s quarterly report released Tuesday. The report covered the first nine months of 2023. The destinations most far off from 2019 levels were Estonia, Latvia, and Lithuania because of the Ukraine-Russia war. All three countries rely…

Dawit Habtemariam | 3 weeks ago

Tourism

Greece’s ‘Towel Movement’ Protests Surge of Pricey Sunbeds Along Popular Beaches

Greeks are concerned that the simplicity of their local beach experience is threatened by sunbed overtourism.

Reuters | 3 months ago

Greece’s ‘Towel Movement’ Protests Surge of Pricey Sunbeds Along Popular Beaches

Tour Operators

TUI Returns to Profit, Eyes Shifts From Extreme Weather

TUI is acutely aware that its holiday package tours could be prone to seasonality shifts, as the group has just had to deal with the impact of severe weather warnings and wildfires. Despite all this and rising prices, travel demand from its main markets remains strong.

Selene Brophy | 4 months ago

TUI Returns to Profit, Eyes Shifts From Extreme Weather

Tourism

Greece Promises Free Holiday to Tourists Who Fled Rhodes Fires

With tourism being the main driver of the Greek economy, tourist-friendly policies are essential to keep them coming back.

Renee Maltezou, Reuters | 4 months ago

Greece Promises Free Holiday to Tourists Who Fled Rhodes Fires

News Blog

IDEAS: Greece is Transforming Beaches to be Wheelchair-Accessible

A new initiative in Greece is enabling wheelchair users access to hundreds of beaches thanks to an innovative remote controlled accessibility system, as per The Greek Reporter. Credit: Seatrac Designed by Greek company Tobea, Seatrec is a complimentary service aimed at providing sea access to individuals with disabilities and limited mobility, allowing them to 'swim…

Adam Stacey | 5 months ago

Tourism

Southern Europe Tourism Is Back With a ‘Vengeance’

Someone in the Expedia leadership — exactly who isn't clear — said after the terrorist attacks of September 11 that without travel, there is no life. Inflation be damned. Southern European travelers are proving that with their wallets 22 years later.

Giselda Vagnoni, Reuters | 6 months ago

Southern Europe Tourism Is Back With a ‘Vengeance’

Tourism

India Daily: Airline Leasing Watchdog Cites Country’s Repossession Compliance Failure

While a surge in air traffic in the world’s third-largest aviation market led to record jet orders, Go First's bankruptcy made lessors apprehensive about India.

Amrita Ghosh | 7 months ago

India Daily: Airline Leasing Watchdog Cites Country’s Repossession Compliance Failure

Airline Weekly

Booming Greek Tourism Lifts Aegean Airlines to Another Strong Profit

Aegean Airlines performed well last quarter, helped by strong Greek tourism. It now sounds bullish about the upcoming summer peak. New planes should help too.

8 months ago
Booming Greek Tourism Lifts Aegean Airlines to Another Strong Profit

Airline Weekly

Greek Vacations Make Aegean One of Europe’s Most Profitable Airlines This Summer

Who didn't fly to Greece for vacation this summer?

1 year ago
Greek Vacations Make Aegean One of Europe’s Most Profitable Airlines This Summer

News Blog

Singapore Sovereign Wealth Fund to Buy Majority Stake in Resort Group Valued at $2.2 Billion

The Government of Singapore Investment Corporation has acquired a majority stake in Sani/Ikos Group, a luxury beach resort group in the Mediterranean, for an undisclosed amount. The transaction that is expected to close in the fourth quarter of 2022, subject to regulatory approval, values the Mediterranean-based luxury resort operator at $2.27 billion. U.S.-based Oaktree Capital…

Peden Doma Bhutia | 1 year ago