Hellenic Federation of Hoteliers
Economy
Greece's GDP Improves Despite Loss of €1 Bln in Tourism Revenue This Year
Greece suffered a one billion euro tourism revenue shortfall this year due to continuous economic and political instability, and the refugee crisis, Hellenic Federation of Hoteliers Head Yiannis Retsos revealed.
According to recent data the Association Of Greek Tourism Enterprises (SETE) released,...
Economy
IMF Denies Withholding U.S. Tour Operator Payments To Greek Hotels
The International Monetary Fund (IMF) denied reports on Wednesday that it has ordered U.S. tour operators to withhold payments to Greek hotels after the Greek government's default on its €1.54-billion installment. According to the IMF, the fact that Athens was not consistent with its...
Greece
€120m in Tips From Tourists This Year in Greece
Tourists who chose Greece for their holidays this year will leave around €120 million in tips during their stay, according to Greek newspaper "Kathimerini."
The amount is determined by taking into account that 50% of international visitors will leave at least 10...