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The government announced the elimination of cabotage for yachts

Minister of Tourism, Olga Kefalogianni agitated the stagnated waters of Greek yachting, by announcing yesterday the elimination of cabotage, already in force for cruise ships. On one hand, this announcement means for companies managing Greek marinas that they can already start “counting” their future benefits, but on the other made professional vessel owners under Greek flag very worried about the future of this sector in Greece. More specifically, at the press conference Ms Kefalogianni commented on maritime tourism, saying that in cooperation with other ministries, including the Ministry of Finance, a law draft is being prepared. It will regulate issues such...

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Two models of the hotel industry consolidation

The season ends, it’s time for hotel deals The Greek and foreign investors who are interested in acquiring hotels units, are waiting for a sign from the banks. It is said that, by the end of the season, the acquisition process of the hotel units is expected to begin, mainly of those facing difficulties repaying their loans. As hotel agents highlight, no moves have occurred from the banks’ side for the moment. Furthermore, they add that while a year now SETE (Association of Greek Tourism Enterprises) has raised the issue of the liquidity and the facilitation of the capital flows from the...

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