x

Economy

Tourism Bookings Low, Greece Offers Incentives to Hotel Operators

ATHENS – While airline and tourist package companies expect Greece will have  a booming summer of foreign visitors, low numbers of reservations for May and June have kept hotels and some companies from opening but they'll be getting help from the New Democracy government.

That includes extending the program that entails the suspension of employment contracts until the end of June while a labor subsidy program which covers the insurance contributions paid by employers will continue until the end of September, said Kathimerini.

A platform will also be opened through which the subsidy will be granted to those companies that saw a drop in turnover of more than 30 percent in 2020 when the COVID-19 pandemic raged compared to 2019.

The lingering Coronavirus is slowly being beaten back by vaccinations that are still far behind schedule but Greece opened to tourists on May 15, those who are fully inoculated or not infected.

The government is still awaiting decisions from the European Commission before it can use bloc financing to further help the tourism sector which brings in as much as 18-20 percent of the annual Gross Domestic Product (GDP) of 164.4 billion euros ($200.3 billion).

Development Minister Adonis Georgiadis stated that when this tourism boosting program gets under way, “it will be very difficult for a hotelier not to open,” even as they had already received huge government subsidies while closed during lockdowns.

Many tourism companies, even large hotels and resorts with staffs of hundreds of workers have been reluctant to open until the summer with the spring bookings still low to take off even as the weather gets warmer.

That's also affecting businesses which rely on them and is seen as blocking the government's hopes to persuade people that Greece is safe, after conducting the biggest ad campaign in years.

Guides and tour guides will receive special purpose compensation for the months of March, April and May, the report said of the effort.

RELATED

ATHENS - The special 'Easter Basket,' which offers traditional Easter foods at lower or unchanged prices, will come into effect from April 24 to May 4.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

9 Are Facing Charges in What Police in Canada Say is the Biggest Gold Theft in the Country’s History

TORONTO (AP) — Police said nine people are facing charges in what authorities are calling the biggest gold theft in Canadian history from Toronto’s Pearson International airport a year ago.

Allman Brothers Band co-founder and legendary guitarist Dickey Betts dies at 80 Dickey Betts, who died Thursday at age 80, really was born a ramblin’ man.

NEW YORK  — New York police removed a pro-Palestinian protest encampment at Columbia University on Thursday and arrested more than 100 demonstrators, including the daughter of a prominent Minnesota congresswoman.

ATHENS - The special 'Easter Basket,' which offers traditional Easter foods at lower or unchanged prices, will come into effect from April 24 to May 4.

LIVERPOOL - Liverpool failed to overcome a three-goal deficit and was eliminated from the Europa League on Thursday despite beating Atalanta 1-0 in the second leg of their quarterfinal matchup.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.