Many hotels in Greece are found in the brink collapse following the decision of the Italian tour ope

Many hotels in Greece are found in the brink collapse following the decision of the Italian cheap international airline travel tour operator Veratour to cancel payments to Greek hoteliers, citing Greece s eventual exit from the euro. As expected, this decision shook the already collapsing tourism of the country.
According to several Italian hoteliers, Greece's possible exit from the common currency gives the opportunity to many foreign tour operators to withdraw from long-term contracts signed with hotel enterprises in order to save their money.
The primary prohibitive factor, as emphasized by Italian businessmen, is the fact that more and more tourism firms in Europe are one step away from bankruptcy after the dramatic changes in the habits of travelers during cheap international airline travel the last two years, who now like to arrange cheap international airline travel their holiday packages themselves, searching for the most advantageous proposals.
Until a few years ago, the majority of tour operators cheap international airline travel purchased hotel rooms for 3 or 5 years so as to obtain better prices. Prices fell even more when the operator gave in advance payments of 20% or 30% of the total amount.
Veratour cheap international airline travel Chairman Carlo Pompili, in a letter to cooperating hoteliers, stated that the dramatic decline in confidence cheap international airline travel in Greece as a destination for next summer forces us to break our exclusive cooperation cheap international airline travel contract commitments. We will not be able to deliver further advance payments, at least until the state of the country becomes clearer and more stable.
In a letter to the media, president and CEO of Kolymbia Beach Hotel in Rhodes, Doros Pierides, notes, The largest Italian tourism company Veratour, which works exclusively with 6-7 hotels in the country, sent a document that it will suspend payments to the partner hotels, citing a coming exit of our country from the eurozone, the decisions in the recent G8 summit, governmental instability, the Greek elections, etc.