Articles | Ilias Bellos | authors | ekathimerini http://www.ekathimerini en null null Wed, 26 Aug 2020 02:18:58 GMT 2020-08-26T02:18:58Z en null null ekathimerini http://www.ekathimerini http://www.ekathimerini Mega-yacht owners pick Greece this summer due to low virus numbers http://www.ekathimerini daily/business/mega-yacht-owners-pick-greece-this-summer-due-to-low-virus-numbers

Despite the crisis in tourism and travel, Greece is currently drawing a special category of traveler: owners of mega-yachts, that is, yachts over 50 meters in length (164 ft).

Tue, 25 Aug 2020 05:33:17 GMT http://www.ekathimerini daily/business/mega-yacht-owners-pick-greece-this-summer-due-to-low-virus-numbers 2020-08-25T05:33:17Z
Early end to the tourist season http://www.ekathimerini daily/business/early-end-to-the-tourist-season

The second wave of the coronavirus pandemic and other countries’ decisions that residents returning from holidays in certain destinations must quarantine – or even the prospect of such a measure – are leading Greek tourism to an early shutdown.

Sun, 23 Aug 2020 20:54:32 GMT http://www.ekathimerini daily/business/early-end-to-the-tourist-season 2020-08-23T20:54:32Z
Tourism income seen 80% off http://www.ekathimerini daily/business/tourism-income-seen-80-off

The second wave of the coronavirus pandemic, which has likely not reached its peak, and the travel regulations imposed by certain countries, such as Finland and the United States, which make quarantine mandatory for their residents returning from trips abroad, have put paid to hopes that peak season could be shifted to September and October.

Sat, 22 Aug 2020 12:35:11 GMT http://www.ekathimerini daily/business/tourism-income-seen-80-off 2020-08-22T12:35:11Z
Racing after European funds http://www.ekathimerini daily/business/racing-after-european-funds

The government is racing to come up with a plan that will bring in – sooner rather than later – the €32 billion in funds that have been allocated to Greece from the European Recovery Fund.

Sat, 22 Aug 2020 10:17:02 GMT http://www.ekathimerini daily/business/racing-after-european-funds 2020-08-22T10:17:02Z
Piraeus Port weathers pandemic http://www.ekathimerini daily/business/piraeus-port-weathers-pandemic

Piraeus Port is weathering the coronavirus pandemic quite well, for the time being. Data from the first seven months of the year show only a marginal negative drop in its main activity, container handling.

Wed, 19 Aug 2020 19:45:42 GMT http://www.ekathimerini daily/business/piraeus-port-weathers-pandemic 2020-08-19T19:45:42Z
Cruising season may be halted http://www.ekathimerini daily/business/cruising-season-may-be-halted

The Greek cruise ship owners’ association (EKFN) is essentially asking for a ban on cruises this season, invoking the dangers of the pandemic.

Tue, 18 Aug 2020 18:03:15 GMT http://www.ekathimerini daily/business/cruising-season-may-be-halted 2020-08-18T18:03:15Z
Tourism expectations have been lowered http://www.ekathimerini daily/business/tourism-expectations-have-been-lowered

This summer for Greek tourism is proving tougher than initially estimated as the 15 billion euros that will be missing from this year’s travel receipts from abroad correspond to a percentage that is close to 7.5% of GDP.

Fri, 14 Aug 2020 11:58:04 GMT http://www.ekathimerini daily/business/tourism-expectations-have-been-lowered 2020-08-14T11:58:04Z
Storm batters ferry market http://www.ekathimerini daily/business/storm-batters-ferry-market

The coronavirus storm has generated a wave of changes in the coastal shipping industry, with the halving of passenger traffic as well as the possible shift of share packages or the entry of new players into the market, according to XRTC Business Consultants, which has covered the sector’s companies for two decades.

Mon, 10 Aug 2020 13:40:55 GMT http://www.ekathimerini daily/business/storm-batters-ferry-market 2020-08-10T13:40:55Z
Tourism wants funding share http://www.ekathimerini daily/business/tourism-wants-funding-share

Despite talk of Greece’s overdependence on tourism, the sector will seek its share from the Next Generation EU recovery fund and the 32 billion euros Greece stands to receive in grants and loans.

Sun, 09 Aug 2020 18:53:50 GMT http://www.ekathimerini daily/business/tourism-wants-funding-share 2020-08-09T18:53:50Z
Hotels reopening for business http://www.ekathimerini daily/business/hotels-reopening-for-business

Better than expected tourist traffic in August and hopes for at least as good a month in September are leading large hotel groups to open some of the properties they had kept shuttered until now.

Thu, 06 Aug 2020 19:15:40 GMT http://www.ekathimerini daily/business/hotels-reopening-for-business 2020-08-06T19:15:40Z
Athens hotel prices drop 20% http://www.ekathimerini daily/business/athens-hotel-prices-drop-20

Hotel prices in the Attica region, which includes the capital Athens, continue to face downward pressure as not only have visitors failed to show up but many prospective travelers have declared that they are ready to cancel their trips abroad if they have to wear masks or submit to a coronavirus test – never mind having to face quarantine.

Wed, 05 Aug 2020 16:54:14 GMT http://www.ekathimerini daily/business/athens-hotel-prices-drop-20 2020-08-05T16:54:14Z
Bad news for tourism business http://www.ekathimerini daily/business/bad-news-for-tourism-business

As far as Greece’s tourism industry goes, Germany, the United Kingdom, the United States, France and Italy are the country’s best clients. Visitors from these countries accounted for almost exactly half (49.8%) of tourist revenue in 2019

Tue, 04 Aug 2020 17:15:49 GMT http://www.ekathimerini daily/business/bad-news-for-tourism-business 2020-08-04T17:15:49Z
Theocharis says no cruise ships to be allowed unless all passengers test negative http://www.ekathimerini daily/business/theocharis-says-no-cruise-ships-to-be-allowed-unless-all-passengers-test-negative

Greece is opening up to cruise tourism as of this Saturday, Tourism Minister Haris Theocharis indicated, confirming the reopening of six cruise ports, even though the international cruise industry has ground to a halt.

Wed, 29 Jul 2020 11:36:11 GMT http://www.ekathimerini daily/business/theocharis-says-no-cruise-ships-to-be-allowed-unless-all-passengers-test-negative 2020-07-29T11:36:11Z
Rothschild's attack on the Greek Prime Minister http://www.ekathimerini daily/business/rothschilds-attack-on-the-greek-prime-minister

The rather surprising and definitely unseemly post by 49-year-old banker Nat Rothschild on Twitter in mid-July against Greek Prime Minister Kyriakos Mitsotakis, in which he called him “foolish,” has turned attention to the intense reactions over the investment by NCH Capital at Erimitis, in the area of Kassiopi on the Ionian island of Corfu. This is an investment that is finally being implemented after eights long years since the privatization project started.

Mon, 27 Jul 2020 19:26:51 GMT http://www.ekathimerini daily/business/rothschilds-attack-on-the-greek-prime-minister 2020-07-27T19:26:51Z
Hotel rates shifting ‘like stocks’ http://www.ekathimerini daily/business/hotel-rates-shifting-like-stocks

Hotel rooms are showing an average rate reduction of 25% this summer, according to the initial findings of a sample survey conducted by Kathimerini.

Sun, 19 Jul 2020 18:25:58 GMT http://www.ekathimerini daily/business/hotel-rates-shifting-like-stocks 2020-07-19T18:25:58Z
First two villas sold at Astir Palace Resort http://www.ekathimerini daily/business/first-two-villas-sold-at-astir-palace-resort

Sales agreements for the first couple of luxury villas at the Astir Palace Resort in the seaside Athens suburb of Vouliagmeni were signed last week, Kathimerini understands.

Sun, 19 Jul 2020 18:22:24 GMT http://www.ekathimerini daily/business/first-two-villas-sold-at-astir-palace-resort 2020-07-19T18:22:24Z
Five in six hotels will reopen http://www.ekathimerini daily/business/five-in-six-hotels-will-reopen

Greek hotels are gradually reopening on a wing and a prayer, hoping for the best while being prepared for the worst.

Thu, 16 Jul 2020 19:20:30 GMT http://www.ekathimerini daily/business/five-in-six-hotels-will-reopen 2020-07-16T19:20:30Z
British visitors start trickling in after ban is lifted http://www.ekathimerini daily/business/british-visitors-start-trickling-in-after-ban-is-lifted

Greece began receiving British visitors on Wednesday after lifting a ban on arrivals from that country.

Thu, 16 Jul 2020 09:10:46 GMT http://www.ekathimerini daily/business/british-visitors-start-trickling-in-after-ban-is-lifted 2020-07-16T09:10:46Z
Expansion of Piraeus passenger terminal ready by end-2022 http://www.ekathimerini daily/business/expansion-of-piraeus-passenger-terminal-ready-by-end-2022

The expansion of the passenger terminal in Piraeus, a project budgeted at over 100 million euros and included in the concession contract of Piraeus Port Authority to Cosco as a mandatory investment, is progressing in spite of reactions by entities that have resorted to the Council of State.

Wed, 15 Jul 2020 17:19:21 GMT http://www.ekathimerini daily/business/expansion-of-piraeus-passenger-terminal-ready-by-end-2022 2020-07-15T17:19:21Z
Attica, Thessaloniki hotels lost €350 mln http://www.ekathimerini daily/business/attica-thessaloniki-hotels-lost-350-mln

Revenue losses from the spring lockdown sustained by hotels in Attica and Thessaloniki are estimated at 350 million euros for the first half of the year, when almost all hotels shut down simultaneously for the first time and stayed closed for several weeks.

Tue, 14 Jul 2020 21:12:04 GMT http://www.ekathimerini daily/business/attica-thessaloniki-hotels-lost-350-mln 2020-07-14T21:12:04Z