A new, luxurious, energy self-sufficient tourist resort, with emphasis on sustainable tourism by Mr. Stavros Andreadis, is planned in Halkidiki. The investment proposal, with a budget of €41.7 million, by STADA S.A., is submitted for public consultation through Enterprise Greece. The investment project concerns the development of a modern, sustainable, luxury resort, category 5*, energy […]
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The international Hilton brand is set to debut in the Republic of Moldova’s hospitality market by opening its first hotel in Chișinău. This marks a significant step in strengthening the country’s HORECA industry. Hilton Garden Inn project will be carried out through an extensive reconstruction of the historic Dacia Hotel building, located in the historic […]
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Mayfair Equity Partners (“Mayfair”), a dedicated consumer and technology investor with over £2 billion in assets under management, is pleased to announce its €35m investment in BizAway (“the Company”), the award-winning tech-enabled B2B travel management company. Founded by Luca Carlucci and Flavio Del Bianco, BizAway combines a proprietary and intuitive travel management software platform with […]
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UN Tourism has added to its growing portfolio of investment guidelines with a new edition focused on the potential of Armenia. “Tourism Doing Business – Investing in Armenia” guides investors and tourism professionals seeking in-depth knowledge about Armenia’s tourism sector. It allows them to make informed decisions by showcasing Armenia’s unique cultural heritage, robust economic […]
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After the success with ITA Airways, Lufthansa decided to try to get a stake of its own in TAP Air Portugal. The share that would cover it is 19.9% so that it can develop and gain strength in the space of the air industry. TAP Air Portugal has been aiming for partial privatization for some […]
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AEGEAN has announced a €25 million investment in Volotea S.L., one of Europe’s leading low-cost carriers based in Barcelona of Spain, through a convertible bond that, if implemented, will represent 13% of the Spanish company’s share capital. Volotea was launched in 2012 and operates from 22 bases, mainly in France, Italy and Spain, serving more […]
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Roman Abramovich, the famous former owner of English football club Chelsea FC, is reportedly considering a major investment in the marine tourism sector in Istanbul. The Russian tycoon, who according to Forbes has a net worth of $9.7 billion, making him the 11th richest man in Russia, is reportedly interested in acquiring marinas in Istanbul. […]
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Public-private partnerships can stimulate investment into tourism and help drive the sector’s transformation across the Middle East. UN Tourism brought key figures together for a special conference on “Investing in Tourism: Opportunities and Challenges for Sustainable Financing”. Held within the framework of the UN Tourism 50th Regional Commission for the Middle East, the conference served […]
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The continuous investment in human resources, as well as the support of the employees of the Ella Resorts Group’s hotel units, is a constant priority and commitment for the company, in view of the new tourist season. Ella Resorts, employing a total of 1,192 employees in 2023, will continue with dedication in the current season […]
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The investment “barrage” in the Greek hotel industry will continue in 2024, along with the entry of international “players” operating in luxury tourism, raising the level of the country’s hotel product, as the latest data from the research company GBR Consulting confirm. In January 2024 it was announced that H Hotels Collection, Hatzilazarou Group, acquired […]
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