AEGEAN announced its strategic decision to invest in – initially – four aircraft of a “specially configured”, upgraded version of the A321neo, with longer range capability, which will be able to reach and serve markets outside the EU, mainly in the south and southeast of Greece. These new and specially configured aircraft will have a […]
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Under the theme “Navigating Change”, Europe’s regional airport community have been busy discussing changing market conditions and existential challenges at this year’s Airports Council International (ACI) Europe Regional Airports Conference and Exhibition (RACE), which was hosted by Dubrovnik’s Ruder Boskovic Airport in Croatia. ACI Europe’s Deputy Director General, Morgan Foulkes, opened the conference stating that […]
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After a strong 2023, where Hilton Hotels & Resorts achieved the largest growth programme in its history, opening a record 24,000 rooms in 132 hotels in the last quarter of the year, the leading hotel group is planning its next steps for 2024, which include new hotel arrivals. Hilton now has more new rooms under […]
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Athens is among the top five cities in Europe with the highest increase in revenue per available room (RevPAR) in 2023, compared to 2019, with an increase of 37% in Athens hotels. While the highest increase was recorded by hotels in Rome, according to new research by international real estate firm Savills on investments in […]
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The annual gathering of Europe’s regional airports and their business partners takes place in Dubrovnik. The event is the opportunity to review trading conditions and the latest industry analysis from ACI EUROPE. While larger regional airports and in particular those serving popular tourism destinations or relying on VFR demand (Visiting Friends and Relatives) have generally […]
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A dynamic entry into the Greek luxury hospitality market is being made by Cyprus’ leading group, Thanos Hotels and Resorts, presenting an investment plan with a 3-year horizon to open 10 new hotels. In 2023, the group chose Mykonos to present a new hotel concept, Amyth Hotels. The first hotel will open in April 2023 […]
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According to Panaverd, there is an analysis of data on the US market, which tends to have a lot of interested travellers for the Greek market. Tourism relies on American travelers while executing successful marketing strategies. Panadvert’s latest research reveals a significant increase in the demand of Americans for holidays in Greece over the last […]
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HotelBrain, the largest hotel group in Greece, with more than 100 privately owned -through long-term leases- hotels in its portfolio, is now expanding its activity in Cyprus, following the successful model of long-term leasing of hotel units. According to exclusive information from MONEY & TOURISM, the first 4 hotels, with a total capacity of 306 […]
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Amex GBT, the world’s largest travel management company (TMC), announced that it has entered into an agreement to acquire rival CWT for $570 million, a deal believed to herald more mergers and acquisitions in the sector. The acquisition, which is expected to close in the second half of the year and is subject to regulatory […]
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Deals continue in the European hotel market, albeit at a slower pace, according to data from HVS’ Hotel Transactions in Europe Newsletter for the week ending March 15. Among the deals that appear to have been floated or completed this week is a £1.9 billion takeover of London’s LXi REIT, including its 144 UK hotels, […]
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