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Fraport Greece unveils Kos airport developmental plans
At a well-attended event which took place on Wednesday, 29th November, Fraport Greece presented its plans for the development of Kos "Hippocrates" International Airport.
The...
RYANAIR to seek refund of €15m in taxes/fines from the French Social Security
Ryanair, Europe’s welcomed the decision of the European Court of Justice (ECJ) in the “A Rosa” case which has upheld the EU rules on...
European Tax Free Shopping returns to growth
Month to date sales growth of +3% in December follows two months of stability during November (0%) and December (0%) – a marked improvement...
Alpha Bank announces sale of Athens Hilton
Alpha Bank on Thursday announced the signing of a contract to sell its equity stake in Ionian Hotel Enterprises SA (shareholder of Athens Hilton).
The...
Sale of Astir Palace to Apollo Investment finally completed
AGC Equity Partners (“AGC”), on behalf of Jermyn Street Real Estate Fund IV LP (“Jermyn Street”) and Apollo Investment Holdco S.a.r.l (“Apollo”), whose investors...
STR: $50 million in hotel room revenue lost during Hurricane Matthew
The five U.S. states in the path of Hurricane Matthew saw a net hotel room revenue loss of approximately US$50 million during the days...
Germany seeking to boost investment in Greece
Gabriel, who is also Germany’s economy minister, will kickstart his visit to the southeast European nation on Thursday, June 30.
In Athens, the minister...
For sale: Greek islands, hotels and historic sites
In Greece today, government power comes with few trappings. Unable to tap capital markets and dependent wholly on international aid, the debt-stricken country’s senior...
March 2016 : Sun showers cloud Europe’s brightening skies
Overall, March brought positive results for European hotels, reporting a 0.9 point gain in occupancy rate to reach 66.3%. Combined with a 1.3% increase...
International tourist arrivals up 4% reach a record 1.2 billion in 2015
International tourist arrivals grew by 4.4% in 2015 to reach a total of 1,184 million in 2015, according to the latest UNWTO World Tourism...
