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travel industry

A Destination for the Rich? Luxury Travel in Greece Seen Soaring

Greece's luxury travel industry is seen soaring to $2.7 billion by 2030, according to a report by Travel and Tour World. In 2020, the value of Greece’s high-end travel sector was estimated at approximately $767.8 million. By 2030, it is...

Global Tourism Undeterred by Rising Prices

The international tourism industry is in relatively good shape, with high demand, despite rising prices, analysts have noted. Some economic forecasters predicted that the post-pandemic travel boom would start to slow down, especially with high-ticket prices. Thus far, however, demand...

How Can Airlines Make Travelers Feel Comfortable Again?

By Janet Bednarek The U.S. airline industry has generally faced two obstacles in enticing more people to fly: fear and fares. Before the novel coronavirus, few feared flying thanks to the extreme rarity of airline crashes in the U.S., and domestic...

Tourist Arrivals in Greece Break 20-million 'Barrier,' Boosting Revenue by 10.6%

Tourist arrivals in Greece jumped 21.9% to top the 20 million "barrier" in January-October 2014, boosting travel industry revenue by 10.6% compared to the same period in 2013, Bank of Greece (BoG) reported on Tuesday. Total travel revenue for the...

Scottish Investment of 100 Million Euros in Crete Postponed

The Minoan Group is a major business group based in Glasgow, Scotland, planning to invest more than 100 million euros on the Cretan land in order to establish tourist facilities. But the political upheaval and the country's elections stunted...