Tuesday September 23, 2014 Search
Weather | Athens
31o C
22o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Big German tour operator arrives in Greece

By Stathis Kousounis

Germanys second biggest tour operator, Der Touristik, is making a dynamic entry into the Greek hotel market with the creation of a subsidiary which will see the extension of its activities to hotel unit lease in this country.

Kathimerini understands that the tourism giant, which has an 18 percent market share in the German travel market, is about to establish Der Touristik Hotels & Investments Greece for the development of its hotel activities.

The same sources say that the German group recently signed an agreement for the long-term lease of a luxury hotel in Greece and will undertake its management. The Asterias Hotel at Afandou on Rhodes will open next year after the completion of a 20-million-euro investment program. The Cypriot-owned unit will have a capacity of 450 beds and will come under the umbrella of the German groups LTI Hotels chain.

The regional sales director of Der Touristik Hotels responsible for the Greek and Cypriot markets, Fotis Fakes, will be the head of the new subsidiary.

The aim of Der Touristik, which until this year had only signed franchise deals with seven hotels on Rhodes, Crete, Corfu and at Halkidiki, is to take its deals in Greece to nine next year and 15 in the not-too-distant future. It is already searching for more hotel units for leasing or franchising deals on Corfu and Crete.

The German tour operator expects to bring some 150,000 tourists to Greece this year, posting an increase of up to 9 percent compared with 2013. Next year the new deals will further strengthen the flow of visitors to Greece and the company expects growth of over 10 percent for 2015 compared with this year. Der Touristik arranges travel deals for some 6 million passengers to worldwide destinations annually.

ekathimerini.com , Friday Jul 18, 2014 (22:31)  
Programs target return of 21,000 jobless to work
Employment in commerce keeps sliding
Eurobank capital increase sends FDI soaring
Banks may get 3-billion-euro safety cushion
Jailed GD MP shown teaching kids how to give the Nazi salute [Video]
With weeks to go before Golden Dawn much-anticipated trial starts, fresh evidence has emerged exposing the partys Nazi roots. Footage released by Kathimerini on Sunday shows GD number two C...
Defendants handed prison terms over Antipnoia stabbings
Two men believed to be members of the neo-Nazi Golden Dawn party were sent to prison on Monday after an Athens court convicted them over the stabbing of a Greek and a Spanish national at the...
Inside News
SOCCER
PAOK joins Olympiakos on top after win at Agrinio
Olympiakos spent just two nights alone on top of the Super League, as on Monday evening PAOK joined the champions on 10 points through its 1-0 victory at Panetolikos. The Thessaloniki giant ...
SOCCER
Reds beat Veria to claim league lead
Olympiakos thumped hitherto Super League leader Veria 3-0 on Saturday to go alone on top of the table for the first time after four rounds of games. Four days after putting three past Atleti...
Inside Sports
COMMENTARY
So near and yet so far
Here we are again, so near and yet so far from the coast, in a balancing act of fear between disaster and blurred normality, yet with serious prospects of recovery. Our partners and creditor...
EDITORIAL
Transfer withdrawal
There appear to be significant changes afoot at Greek universities. Academics interested in managing educational institutions as opposed to exchanging favors with unionists and party folk ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Jailed GD MP shown teaching kids how to give the Nazi salute [Video]
2. Defendants handed prison terms over Antipnoia stabbings
3. Samaras to meet Merkel in Berlin for pivotal talks
4. Commission report highlights Erasmus student exchange benefits
5. PAOK joins Olympiakos on top after win at Agrinio
6. Programs target return of 21,000 jobless to work
more news
Today
This Week
1. Alexander the Great's tomb not at Amphipolis, says Culture Minister
2. Venizelos denies jihadis are being trained in Greece
3. Euro touches 14-month low before Draghi testimony
4. Draghi effect subsiding leaves pressure building on ECB chief
5. Civil servants' union calls new strike over evaluation
6. Investors snap up euro zone banks, exporters in ECB bet
Today
This Week
1. Greece at bottom of social justice scale among EU28
2. Greece can meet its needs on its own
3. Central Athens traffic restrictions back in force on Monday
4. Lost in the fog
5. Record sum of new debts to the state in August
6. Democracy under Pressure | Live Streaming
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.