Greek Property Promotion

Archive for June, 2015 – Greece tourism strong despite economic void

While Greece continues to sink in economic void the tourism industry of the country remains completely detached from its current crisis. The country is enjoying healthy flow in tourism as tourists remain unaffected by the country’s current economic status where hundreds of billions of Euros need to be repayed taken as loan to pay off debts. The country has suffered a complete economic collapse with fear of local banks shutting down due to the lack of funds.

The country has seen a major growth in tourism in 2013 and 2014 according to a report published by the World Travel and Tourism Council (WTTC). Despite Greece plummeting into economic deluge tourism increased in the country. Tourist spending which is desperately needed at this stage is greatly helping the country’s economy to sustain. According to a forecast of WTTC Greece has ranked 33 out of the 184 countries for visitor export growth in 2015.

Many tourists are visiting Greece just to help the country in its crisis. Overall GDP would grow to 3.2 per cent in 2015 for Greece according to WTTC which is of course below the global average growth but still ahead of several competitor destinations around the Mediterranean region. Tourists visiting cities, ports and islands rose by 17.9 million in 2013 and 22 million in 2014 and revenue from tourism grew over 10 per cent which would be nearly $15 million. In 2015 there has been an uptick in reservations in the first five months as compared to the same time in 2014.Even though tour operators feel that Greece bookings are slightly behind the rest of the globe but there is a flow.

Cruise businesses said that cruise lines will continue to stop at Greece ports as planned. But even as the flow of tourists continues to run there may be problems with its infrastructure which may face the risk of coping up with the high demand of tourism. Greece is also nearing the closure of it bailout program just when the peak tourist season is about to start. The country will have to make substantial paybacks to its creditors. – and Airbnb Partner to Give Buyers Chance to Try Living Like a Local and Airbnb have teamed up to allow potential home buyers to “live like a local” by experiencing a specific neighborhood before purchasing. Visitors to will be able to book accommodations nationwide on Airbnb ranging from single-family homes to condos, lofts and other properties located near their desired neighborhood.

“This collaboration with Airbnb reinforces our commitment to giving consumers unparalleled insight to make informed real estate decisions,” said Ryan O’Hara, chief executive officer of Move. “Our relationship with Airbnb—a company that helps millions of people feel at home in communities around the world—allows us to reduce some of the unknown factors associated with relocating to a new community. It is what we mean when we say® puts the ‘real’ in real estate.”

“We’re pleased to team up with® to encourage and support the home buying process,” said Chip Conley, head of global hospitality & strategy at Airbnb. “As we offer a variety of unique accommodations in neighborhoods across the country, we’ll be able to allow potential homeowners the special opportunity to experience those neighborhoods as if they already live there – before making the decision to buy.”

Consumers who visit® to look at homes in new neighborhoods can select the option to “Airbnb before buying.” The Airbnb option will appear on the homepage and for-sale listing detail pages. These pages will display Airbnb accommodations that consumers can choose to book – allowing them to fully immerse themselves into the local sights and sounds that Airbnb accommodations provide.

Starting today, consumers will also get the opportunity to win $500 toward their local experience with Airbnb as part of the Try Before You Buy sweepstakes. – Ruble Devaluation Sees Russian Spending on Foreign Real Estate Plunge

Russian spending on overseas real estate plunged in the first quarter of this year as a sharp weakening of the ruble slashed Russians’ buying power, data published by the Central Bank showed.

In the first three months of the year, $281 million was transferred abroad by Russians in real estate purchases, a drop of 42 percent from the $484 million sent overseas in the first quarter of 2014, according to the data.

The fall came as Western sanctions imposed over the crisis in Ukraine and a steep decline in the price of oil, Russia’s main export, stalled the country’s economic growth and weakened the ruble, which plunged 40 percent against the U.S. dollar last year.

“Demand for purchasing property abroad dropped especially sharply at the start of 2015 due to the sharp ruble devaluation in the end of last year. People were discouraged and delayed purchases,” Georgy Kachmazov, head of real estate agency Tranio, was quoted as saying in a company press release.

Appetite for foreign real estate among Russians decreased in almost all segments of the residential property market, according to Tranio.

Russian spending on overseas real estate rose steadily from 2009, when the Central Bank began publishing figures, before peaking in the fourth quarter of 2013, when $676 million was transferred out of the country in property purchases.

Last year Russians invested about $2.05 billion in foreign properties, down from $2.15 billion in 2013, according to the Central Bank. – super yacht Chopi Chopi at Nafplio Greece

superyacht-chopi-chopi-16700 – TUI Group Keeps Faith in Greek Tourism

Travel giant TUI Group is confident enough in the long-term prospects of Greek tourism that it aims to bring 10 percent more tourists to Greece in 2015 compared to the year before, according to the company’s CEO, Friedrich Joussen.

Mr. Joussen recently hosted a dinner on Rhodes for the island’s local and regional authorities, tourism bodies and Alternate Tourism Minister Elena Kountoura. During the dinner, he expressed his support to Greece and estimated that the country’s tourism will be on the up this year.

He also pointed out that TUI is aiming to extend Greece’s tourism season from 180 days to 210 and underlined that Greece remains an authentic destination and a strategic priority for TUI.

On her part, the alternate tourism minister underlined that combating seasonality in Greek tourism is one of the main priorities of the government.

When answering journalists’ questions regarding rumors of new government measures that may affect the sector, Ms. Kountoura stressed that she will not agree to measures which may harm tourism.

Also present at the dinner hosted by Mr. Joussen was the secretary general of the Greek National Tourism Organization, Panos Livadas; the governor of the South Aegean Region, George Chatzimarkos; the mayor of Rhodes, Fotis Hatzidiakos; the chairman of the Rhodes Hoteliers Association, Antonis Kambourakis; the vice governor of tourism for the South Aegean Region, Marieta Vakiani Papavasileiou; and local hoteliers cooperating with TUI Group. – Luxury Hotel Leadership Conference & Hospitality Wellness Expo

One registration gives access to multiple events. Discover the 464 Billion Dollar Wellness Travel Industry at the International Luxury Hotel Association’s Luxury Hotel Conference & Hospitality Spa & Wellness Expo Attendees will have access to: ILHA Luxury Hotel Conference which brings together the leaders in the luxury hotel industry who will share insights on the latest trends in the luxury hotel, spa and wellness industries. and The Hospitality Spa & Wellness Expo which is co-hosted with the Medical Tourism Association’s Medical Tourism & Wellness Travel Expo. The combined expo will see up to 3000 attendees making it the largest event in N. America for luxury and wellness travel. Today’s affluent hotel guests expect wellness to be a part of their stay. This event is simply the best opportunity to educate yourself on the luxury hotel industry and spa/wellness travel markets. Don’t miss out. Register early and save big. – CruiseOne Celebrates annual International Franchise Expo Opening of Its 1,000th Location

Home-based travel franchise CruiseOne, which is part of the world’s largest cruise agency and award-winning leisure travel company World Travel Holdings, is announcing today at the annual International Franchise Expo the opening of its 1,000th location. The franchise has locations in all 50 states and Mexico, and grows by 10 percent each year.

“While our system continues to grow, we are dedicated to maintaining a low staff to franchisee ratio to ensure we are providing a personal and high-quality level of service that benefits franchisee’s business development,” said Tim Courtney, CFE, vice president of franchise development for CruiseOne. “In fact, we believe this is one of the main reasons why we have an industry-leading 94 percent retention rate among franchise owners.”

Travel professionals are still in high demand among leisure travelers. According to the America Society of Travel Agent’s (ASTA) 2015 Traveler Decision Making Study, nearly half of the travelers who used a travel agent in the past year expect to increase their usage of agents in the future. In addition, more than 50 percent of people surveyed believe they have a better vacation experience when booking with a travel agent.

“It is an exciting time to be in the travel industry and we are thrilled to have reached the 1,000th franchise milestone,” said Debbie Fiorino, senior vice president of CruiseOne. “This accomplishment is possible as a result of our hardworking staff at our corporate headquarters and our franchisees who make up the fabric of our company and create a sense of family. It takes a village to be successful and we would not be where we are today without each and every individual contribution.”

The company plans on celebrating this achievement by capitalizing on the number 1,000. CruiseOne will be donating $1,000 to its signature charity Make-A-Wish®, adding to the more than $500,000 donated by the company and its parent company, World Travel Holdings, since the partnership’s inception in 2011. In addition, $1,000 will be awarded to both a randomly selected franchisee and their respective customer, and four staff members will receive $250 each ($1,000 total).

CruiseOne is committed to being “Rich in Diversity” and empowers all owners and employees to reach their highest potential by leveraging their broad range of talent, experiences, personalities, viewpoints and ideas to generate business growth. Veterans and active-duty spouses make up 30 percent of the military-friendly franchise, and the number of millennial owners has increased by nearly 20 percent in the last four years.

CruiseOne is looking for franchisees who are passionate about travel, helping others and are eager to go into business for themselves, but not by themselves. No experience in travel or sales is necessary as all new franchise owners attend a 6-day training at CruiseOne’s world headquarters in Fort Lauderdale, Fla., where they learn how to use CruiseOne’s industry-leading booking systems and get an introduction to the cruise and resort vacation industry. New franchisees can open their home-based business for less than $10,000 and work anywhere with an Internet connection. – Hikes in Airlines tickets, just in time for summer

Airlines are raising ticket prices by up to $10 round-trip. Just in time for summer. Airlines know people want to fly in the summer. Demand remains high at the moment, and the airlines believe travelers are willing to pay the extra ten bucks.
Initially on June 4 JetBlue raised some prices, followed by a ten-day slug-fest in which various airlines jumped in and out to match, tweak, add or subtract routes. The ball really got rolling last week when Southwest joined in; by week’s end, the carrier’s pricing morphed into a full-blown, system-wide hike which was then matched by American and appears to be sticking.
Hikes are usually quick and decisive affairs in which one airline raises prices system-wide and competing carriers either jump in or not.
Travelers can still save money on airline tickets, if they can wait to fly until Aug. 25 or beyond, because there will be a significant price drop; in some cases, this will translate into savings of up to 20%. The most popular days, Friday or Sunday; are usually happen to be the most expensive days to fly. Instead, traveling on Tuesday, Wednesday or Saturday can save money. – Europe continues to dominate Travel and Tourism rankings

Europe, with six economies in the top 10, continues to dominate the rankings, reveals the Travel & Tourism Competitiveness Report 2015. This has been possible thanks to Europe’s world-class tourism service infrastructure, excellent health and hygiene conditions, and—notably, thanks to the Schengen Area—high degree of international openness and integration.

However, there are still some significant divides across the region, says the report.

Not all European countries are making the most of their cultural resources, prioritizing the Travel &Tourism sector to respond to new trends, or fostering a dynamic business environment by removing red tape.

Source: World Economic Forum – 32,600 new planes worth nearly US$5 trillion in the next 20 years

From the world’s first commercial flight in 1914, to today’s 32 million flights annually, aviation has become part and parcel of our everyday lives. With some three billion air passengers, and 50 million tonnes of freight carried every year by planes, it is estimated that aviation contributes US$2.4 trillion annually to global GDP.

In the next 20 years (2015-2034), according to Airbus’ Global Market Forecast, global passenger traffic will grow at an average 4.6% a year, driving a need for some 32,600 new aircraft above 100 seats (31,800 passenger & 800 freighters greater than 10 tonnes) worth US$4.9 trillion. By 2034, passenger and freighter fleets will more than double from today’s 19,000 aircraft to 38,500. Some 13,100 passenger and freighter aircraft will be replaced with more fuel efficient types.

Emerging economies which collectively account for six billion people, are the real engines of worldwide traffic growth. They will grow at 5.8% per year compared to more advanced economies, like those in Western Europe or North America, that are forecast to grow collectively at 3.8%. Emerging economies also account for 31% of worldwide private consumption which will rise to 43% by 2034. Economic growth rates in emerging economies such as China, India, Middle East, Africa and Latin America will exceed the world average. A knock on effect is that middle classes will double to almost 5 billion people.

The tendency to travel by air is increasing. In today’s emerging economies, 25% of the population take one trip per year, and this will increase sharply to 74% by 2034. In advanced economies, such as North America, the tendency to travel will exceed two trips per year.

“Asia-Pacific will lead in world traffic by 2034 and China will be the world’s biggest aviation market within 10 years, and clearly Asia and emerging markets are the catalyst for strong air traffic growth,” said John Leahy, Airbus Chief Operating Officer, Customers. “Today, we are ramping up production of the A350 XWB and we are studying further production rate increases beyond rate 50 for single aisle aircraft to meet the increasing demand for air transportation.”

Long-haul traffic will increasingly be to, from or between aviation mega-cities*, rising from 90% (0.9 million passengers a day) today to 95% (2.3 million passengers a day) by 2034. Aviation mega-cities are centres of urbanisation and wealth creation and will increase from 47 to 91 cities by 2034 with 35% of World GDP centred there. These mega cities are already served well by air transportation and the existing route network will accommodate 70% of all traffic growth between now and 2034.

In the widebody market, Airbus forecasts a trend towards higher capacity aircraft on long-haul and an increasingly wide range of regional and domestic sectors. As a result, Airbus forecasts a requirement for some 9,600 widebody passenger and freighter aircraft over the next 20 years, valued at some US$2.7 trillion. This represents 30% of all new aircraft deliveries and 55% by value. Airbus will be especially well placed to win a leading share of the widebody market, with the A330, A350 and A380 representing the most modern and comprehensive product line available today from 200 to over 500 seats.

In the single aisle market, where the A320 Family and the latest generation A320neo Family are firmly established as the global market leaders, the latest Airbus forecast sees a requirement for nearly 23,000 new aircraft worth US$2.2 trillion over the next 20 years, an increase of nearly 1,000 aircraft compared to the previous forecast, representing 70% of all new units and 45% of the value of all deliveries.

Globally traffic growth has led to average aircraft size ‘growing’ by 46% since the 1980s with airlines selecting larger aircraft or up-sizing existing backlogs. Larger aircraft like the A380 combined with higher load factors make the most efficient use of limited slots at airports and contribute to rising passenger numbers without additional flights as confirmed by London’s Heathrow Airport. A focus on sustainable growth has enabled fuel burn and noise reductions of at least 70 per cent in the last 40 years and this trend continues with innovations like the A320neo, the A330neo, the A380 and the A350 XWB.