VAT hike keeps lo­cal ho­tels out of Ger­man travel brochures for now

Kathimerini English - - Focus -

Greek ho­tels have been left out of Ger­man tour op­er­a­tor FTI’s first travel brochure for 2016, keep­ing them out of the ma­jor travel agency’s early book­ings mar­ket for at least the first cou­ple of months of next year. Ger­man media at­trib­uted the omis­sion to the in­crease in val­ueadded tax on ho­tel ac­com­mo­da­tion in Greece. High-rank­ing ho­tel group of­fi­cials con­firmed that, due to the VAT hike, there is an on­go­ing ne­go­ti­a­tions process be­tween Greek hote­liers and for­eign tour op­er­a­tor rep­re­sen­ta­tives con­cern­ing the level of prices for next year.

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