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Greek Hotels Plead For Help Amidst Despair Over TUI Debt

Greek hotel owners are facing huge losses this year as Tui AG, the largest leisure, travel and tourism company in the world, is deferring the payment of monies due to them this year — until March of 2021. The Anglo-German...

Greek Hotels Suffer Blow as Travel Conglomerate Tui Defers Payments

Greek hotel owners are facing huge losses this year as Tui AG, the largest leisure, travel and tourism company in the world, is deferring the payment of monies due to them this year -- until March of 2021. The Anglo-German...

One in Two Greek Citizens Cannot Afford One Week of Vacation

One in two Greek citizens cannot afford even one week of vacation this summer due to the recession caused by the coronavirus and the repercussions of the 10-year-long economic crisis, as the Hellenic Statistical Authority (ELSTAT) data shows. Along with the...

Many Hotels in Greece Still Shuttered as Tourist Wave Fails to Materialize this Summer

Despite hopes that domestic tourism, along with travelers from what was considered "safe" countries, would save the tourist season in Greece, many hotels are still closed while the rate of occupancy in those that are open is as low...

Piraeus Bank Finances Acquisition of Five Hotels on Crete

Piraeus Bank, Greece's largest lender, announced on Thursday it has financed the acquisition of five hotels in resort locations on the island of Crete by the international real estate company Henderson Park and Hines. The 1,094-room, 67,000-square-meter portfolio comprises five...

Greece's Decision to Install "Covid-19 Rooms" Angers Hotel Owners

Greece's hotel owners are outraged following a ministerial decision obligating them and their establishments to create special "Covid-19 rooms" to house infected patients. The decision came just less than a week before the country was scheduled to open up to...

Greek Hotels to Create Quarantine Rooms for Covid-19 Cases

The Greek government issued new, compulsory guidelines on Tuesday for hotels across the country in order to deal with possible Covid-19 cases as the nation opens up to tourism once again. All hotels are now asked to create "safe rooms"...

British Hotelier in Greece: This is Why I Will Keep My Hotel Closed This Summer

A British hotelier in Crete, like many other owners of small businesses up and down the country, has decided to keep his property shuttered this summer. As Greece begins to relax its restrictions and prepare for the arrival of outsiders,...

Greece's Hotels, Primary Schools, Summer Cinemas Open on Monday

Greece takes another major step towards normalcy as hotels, summer cinemas, swimming pools, schools reopen on Monday. Starting June 1, hotels operating 12 months out of the year (seasonal hotels will start working on June 15), campsites and campgrounds (with...

Greek Hotels Enforce Covid-19 Rules in Preparation for Grand Openings

Hoteliers in Greece are in a race against time to open their properties following the two-and-a-half month lockdown in the expectation that tourists will begin to arrive in the middle of June. While year-round hotels open on June 1st in...