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- Ελληνικά
We have been informed today that the large and historic tourism group FTI has filed an insolvency petition with the German authorities, as a consequence of the financial losses recorded in recent years.
The financial problems of this group were well known to the tourism community, although last April hopes were raised that the problems would be smoothed out as a consequence of the possible entry of a well-known American consortium of investors into the group. However, for a number of reasons, this did not have a positive outcome.
This is definitely a negative development for tourism in our country, as it comes at a time when we were trying to strengthen the German market and, in addition, because every loss now counts, due to the pressures on the hotel industry in general.
It is important to note that the volume of losses in terms of total arrivals for tourism in our country is not particularly large. It is, however, certainly a serious loss for the hotel businesses that had cooperation with this tour operator.
We are in contact with the hotelier associations, and together we are making an accurate assessment and management of the situation.
(GG/AF)
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