Holiday travel giant TUI Group said this week that sanctions on the company’s largest single shareholder, Russian billionaire Alexey Mordashov, as a result of the Russia-Ukraine crisis, will have no lasting impact on business, the company, customers and employees. “Our company is run by the executive board, like any German public limited company, and not by the
Photo source: TUI Group Global leisure travel giant TUI Group said it was expecting a strong summer ahead in view of “very high” demand for holidays during the release of its first quarter (Q1) 2022 results on Tuesday. The company said there was a robust booking dynamic across all markets with new bookings for summer 2022 […]
Photo source: European Parliament / ©BELGA/AFP/L.Gouliamaki The European Commission said this week it would be assessing in the next two months a request made by Greece for the disbursement of 3.6 billion euros in financial support under the EU’s post-Covid-19 Recovery and Resilience Facility (RRF). Greece submitted the request for the first pre-financing payment –
Friedrich Joussen, the head of one of the world’s largest leisure travel operators TUI said there was good reason to be optimistic in 2022 and that travel demand was focused more on the Mediterranean. “Looking ahead to the 2022 summer season, we are positive,” said Joussen in an interview published on the group’s website. The company’s […]
Global leisure travel giant TUI Group said bookings for 2022 are “encouraging” and that it expects in summer 2022 to recover booking levels, adding that it has so far achieved 69 percent of pre-crisis level bookings. Announcing its fourth financial quarter results for 2021, the global tour operator said it was “taking another step out […]
Athens, Greece. Photo source: Visit Greece / Y. Skoulas The Organization for Economic Cooperation and Development (OECD) is forecasting the Greek economy will grow at a rate of 6.7 percent this year and 4.8 percent in 2022 driven by investments and national recovery-funded projects. The estimates roughly fall in line with the projections made by […]
The Attica Region announced this week that it had secured funding through its partnership with the CIVINET Greece-Cyprus network to implement a circular tourism strategy in eight of its island/coastal municipalities. More specifically, the seven Attica island municipalities of Agistri, Aegina, Kythira, Poros, Salamina, Spetses, and Hydra and the coastal municipality
Acropolis, Athens. Archive photo by GTP The World Travel & Tourism Council (WTTC) praised Greece this week for successfully opening up to tourists during the Covid-19 health crisis and for achieving safety through the implementation of strict protocols. In an interview to the Athens News Agency (ANA-MPA), Communications Executive at WTTC Elena Corina Rodríguez said
In efforts to improve the standard of living in the Greek capital and address climate change, Athens Mayor Kostas Bakoyannis said this week that he was considering reinstating the “daktylios” odd/even traffic regulation system. Dubbing the decades-old system the “Green Daktylios”, the mayor announced the idea during the “Citizen Sustain: Building a Better Urban
Photo source: ForwardKeys Announcing its opening to travelers and setting out clear Covid-19 guidelines has given Greece a head start in tourism recovery, according to the latest data released by travel analytics firm ForwardKeys. More specifically, the study’s analysts found that Greece was “best in class” this summer because it communicated its reopening early benefiting