Higher levels of optimism in the business travel sector have started to appear according to new research issued today by the Global Business Travel Association (GBTA). Domestic and essential business travel will likely resume first, especially with industry standardized health and safety standards. “For the first time since the start of the pandemic, supplier members […]
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Ryanair, launched rescue fares starting from €19.99 on 9 Vienna routes, including services to 3 Greek destinations, to accommodate customers affected by Level’s collapse. These low rescue fares are on sale now on the Ryanair.com website, for travel until the end of October but must be booked by midnight Sunday (21 June).
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The International Air Transport Association (IATA) released an analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. – $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion), and […]
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Ikos Resorts are delighted to announce a major refurbishment taking place at Ikos Oceania this winter. Nestled on the Halkidiki coastline in Greece, Ikos Oceania, will re-open in April for the 2017 season with a spectacular new look for all of its 290 rooms and suites including a range of exciting enhancements. Guests will also […]
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During April Athens airport’s passenger traffic reached record levels and amounted to 1.47 million exceeding the respective 2015 levels by 1.2% despite a. the 24-h strike on April 7th and b. the comparison to April’s 2015 extremely strong passenger numbers due to the positive and combined impact of both the Catholic and the Orthodox Easters. […]
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European hotel transaction volume totalled €23.7 billion in 2015, a record level and an increase of 66% on the previous year, according to our annual European Hotel Transactions report. The year outperformed pre-downturn levels driven by an extremely active portfolio transactions market. Investors from Europe accounted for €10.9 billion worth of transactions with activity from […]
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The implementation of limits and restrictions on tourist flows welcomed by the Balearic Islands was put on the table by the president of the government of the Spanish island group, Marga Prohens, pointing out that hosting almost 20 million tourists a year is not sustainable. However, he clarified that these restrictions are not against tourism. […]
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The World Travel & Tourism Council (WTTC) today unveiled the remarkable growth of Travel & Tourism in France last year, with the sector’s GDP contribution surging by nearly 6% year-on-year to a record-breaking €246BN. According to the global tourism body’s latest research, in 2023, Travel & Tourism soared 4.3% above the previous peak, representing 8.8% […]
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Following the cancellation of all trips by the now bankrupt tour operator FTI, its competitor TUI has significantly increased the number of seats it offers, in particular in FTI’s former core markets of Turkey and Egypt, and to a lesser extent in Greece and Spain, adding a total of around 300,000 additional seats in all […]
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The demand in the Russian market for package tours to Cyprus from Russian Express, the only major tour operator that occupies all seats on Jazeera Airways flights to Larnaca this summer, has tripled. Bookings, since the start of sales, have also seen a three-fold increase in demand compared to last year. The main reasons are […]
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