How and to what extent tourists and Greek hoteliers are affected by the bankruptcy of the German tour operator FTI

“Supporting travelers affected by the consequences of insolvency is now a top priority for FTI GROUP,” Europe's third-largest travel provider said in a statement after management's rescue negotiations failed. The bankruptcy of the tourist group affects 11,000 employees, but also tens of thousands of travelers who chose one of the more than 40 destinations it offered, which of course includes Greece, with the group actually placing our country on its “strong” cards for this year. It is still not known the exact number of tourists, mainly Germans, who had booked their holidays in Greece, while according to information from money-tourism, the tour operator has paid off almost all of its debts to the Greek hotels, with a single exception some hotels in Crete which are estimated to still have outstanding debts. The Munich-based tour operator, which predicted – just last November – one […]
Source: News Beast

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