Greece will compensate tourists in case of national strike

As strikes, protests, and other forms of industrial action continue in Greece, tourism officials are scrambling to reassure visitors that the country is open for business. Bookings are down ten percent, and with tourism accounting for twenty percent of the national income, it’s the economic equivalent of being kicked while you’re down.

So the government has offered to compensate any tourist who gets stranded because of a general strike or similar action. As an extra added bonus, Greece promises to compensate anyone stranded in the event that the Icelandic volcano Eyjafjallajökull erupts again.

While it’s reassuring that Greece will offer a helping hand if needed, it’s a bit worrying just how needed that may be. Strikes continue in Greece and the country has already ground to a halt on more than one occasion. Public sector workers are facing big cuts in pay and benefits, which is leading to strikes in public transportation.

Have you traveled to Greece recently? Tell us of your experiences in the comment section.


Photo courtesy user colmdc via Gadling’s Flickr pool.

The Dealmakers’ Ballroom: Where the future is conceived

The seeds of economic recovery will be sewn in the travel industry. No, it will not be the hotels that pump new jobs out onto the market, and it certainly won’t be the airlines, which seem locked in perpetual battle against any positive influence the economy can have on them. Rather, the future will come from inside the hotels – specifically their lobbies. Historically, this venue has been the den of entrepreneurs with high hopes, small starts and an opportunity to pitch their wares. When lobby action heats up, you can forget about the unemployment rate or the value of the dollar against the euro – the economy will begin to come back.

As I mentioned yesterday, I spent most of the past decade not paying too much attention to hotel lobbies and the people in them … you know, like every other traveler does. Lobbies constituted a space between the present and the goal, whether you were entering the hotel or leaving it. To me, they were nothing more than a space to be traversed. My perspective changed this year, and I haven’t been able to get out of my head that every time I walk to my guestroom, I might be passing my next boss.

Hotel lobbies are an obvious choice for business professionals and startup jockeys. They tend to be large, have plenty of seating and afford a considerable degree of anonymity. People come and go all the time, and they generally mind their own business. Even the hotel staff will leave you alone, as long as you stay as unnoticeable as possible and don’t disrupt the guests (it also doesn’t hurt to buy a drink at the bar every now and then). The confluence of these factors means that the entrepreneur can flip open his laptop and walk a potential client or investor through his hopes and dreams, all crisply and clearly detailed in a PowerPoint presentation.I have been to my share of hotel lobbies. My most recent experience came only a few weeks ago, at the Union Square W Hotel. A friend of mine (no names, it’s still early in the proces), invited me to discuss with her and her partner a new business venture they were exploring. On the corner of E 17th St. and Park Avenue South, I dropped my cigar to the street and nudged it softly with my toe through the sewer grate underfoot. With that one fluid motion, my mind raced back to Boston, almost a decade earlier.

The carnage from the collapse of the dotcom economy was still visible back then. Two years after the NASDAQ took its initial plunge and a year after Enron hit the skids, the tech industry up there was in disarray. Networking events held by the Massachusetts eCommerce Association had become job-hunting dens, populated only with buyers – there were no sellers to be found. Of course, entrepreneurship is born of economic woe, as bright minds unable to find a paycheck from someone else are forced to turn to the dreams they’ve nurtured quietly for years – decades, even.

It was against this backdrop that I let my cigar butt fall to the ground where Dartmouth, St. James and Huntington converge and pushed through the revolving doors to the Westin Copley Place Hotel. I met a familiar face in the lobby at the top o f the escalator. No names, of course, even this far down the road – but, he was tall, a tad gaunt and had the obvious look of the academic he had once been. Doc, I’ll call him, had developed an unusual and interesting bit of software – the kind of thing that would have mattered only to a relatively small community of people with deep pockets – that he was trying to peddle in a market that didn’t favor anything with a price tag.

I joined Doc on the couch in the Westin lobby, which was buzzing with the activity of tourists and locals milling around the adjacent Grettacole salon and spa, and he began to discuss his appreciation for hotel lobbies. They offered plenty of space at the right price, and the comings and goings of people who aren’t permanent provided a sufficient screen behind which to hide from employees. He’d held meetings in countless lobbies, he explained, and had no plans to abandon the practice.

I was in no position to criticize. Having just started a consulting firm of my own, I’d done the same thing on a few occasions. My partners and I routinely met in public spaces, including the Amtrak/commuter rail station on Route 128, but none compared to hotel lobbies, which were closer to home, far more comfortable and within stumbling distance of an endless list of restaurants and bars. If the conversation went well in a hotel lobby, you could always go celebrate with a drink afterward.

Doc and I used the same hotel lobby regularly for more than a year, sometimes to meet with each other, and often to pursue our own separate agendas. I ran into other entrepreneurs there, as well. So, I wasn’t surprised when I was summoned to the W at Union Square this year – twice (by two different entrepreneurs).

When I strode into the lobby this year, in the comfortable position of being pitched rather than doing the pitching, I took a look around. The couches weren’t packed, but you certainly wouldn’t get one of your own if you wanted to sit for a moment. There were individuals working alone, fixated on computer screens and scribbling on notepads. I also saw a few groups, huddled around glowing screens, looking over each other’s shoulders and whispering ideas. They could have been business travelers and guests of the hotel, putting their heads together for a quick strategy session before dashing off to see a client, but I sensed otherwise. Memories don’t fade all that easily.

Finally, I saw a hand wave and quickly made my way to the meeting I was about to attend. In a strange way, it felt like home. Within seconds, I was tete-a-tete-a-tete with two people ready to change the world. I felt 30 pounds lighter, nine years younger and almost like I had a full head of hair again.

If you feel down about the current state of our economy, stroll through a big city’s hotel lobby. It might be hard to feel better, but you can be sure a few people in there are working on the cure for what ails you.

This is a week-long series from the writer of White Collar Travel about the role hotels will play not only in the recovery of our economy, but in giving an early home to the businesses that will define tomorrow.

The Dealmakers’ Ballroom: Understanding the hotel lobby phenomenon

Where will the future of our economy – from the global economy, even – come from? Forget about garages in Silicon Valley, illicit side projects in Manhattan cubicle farms and the online tinkering that happens in the Harvard dorms. Instead, take a look at hotels. Specifically, peek into the lobbies.

As travelers, we pass through the hotel lobby. The only reason to stick around is because you’re waiting to meet a local friend or your kid forgot something and had to run back up to the room. Sure, there are lobby bars that give you a reason to hang out for a while, but that’s not really the lobby. I’m talking about the couches and chairs that may be festooned with the day’s newspaper but don’t come with drink service or any other raison d’etre.

Yet, as hotel guests walk from the front door to the elevator bank, especially in major cities, there are always a few people lingering, alone or in groups. They talk in hushed tones, pluck away at laptop keys and occasionally shuffle papers. These transients look like any other business traveler … because they have trained themselves to blend in.

The reality is not what it seems.Hotel lobbies offer great places to meet. You can usually pick up a wi-fi connection, people come and go without asking questions and there’s plenty of traffic to conceal the fact that you don’t belong. And, you don’t. If you’re among these hotel-squatters, you’re not a guest of the hotel, and you probably shouldn’t be availing yourself of the free meeting space. Nonetheless, it happens all the time – and good things come from it.

Cash-strapped entrepreneurs have been using free spaces to meet for years. I first saw (and took part in) the practice in late 2001, when the Boston area was reeling from the dual pressures of the dotcom market’s implosion and the economic effects of the September 11, 2001 terror attacks. I was starting a business at the time, and I was meeting with other entrepreneurs to discuss potential partnerships. Though we met in Starbucks locations, train stations and any number of public places, hotel lobbies were always the most comfortable.

And of course, I didn’t want to bring any potential business partner to my apartment (or my neighborhood, for that matter).

All that was almost a decade ago, and I haven’t spent a whole lot of time meeting in hotel lobbies since then – until this year. In the past few months, I’ve already been to two business meetings at the W Hotel Union Square in New York to talk to entrepreneurs with grand dreams and carefully managed execution plans. It occurred to me that the ashes of the financial crisis are awaiting their Phoenix, and I may have met it.

Hotel lobbies do serve a purpose, even if not for the hotel or its guests. This week, we’ll take a look at how entrepreneurs use these vast, free spaces to take their shots at becoming your next employer.

This is a week-long series from the writer of White Collar Travel about the role hotels will play not only in the recovery of our economy, but in giving an early home to the businesses that will define tomorrow.

Ryanair announces profits despite tough year

Budget carrier Ryanair announced 341 million euros ($419 million) in profits for the first quarter of this year, despite the economic downturn and a loss during this time last year.

These profits will be whittled away thanks to taxes, an estimated 50 million euro ($61.5 million) loss from the Icelandic volcano, and a 3 million euro ($3.75 million) fine the Italy slapped them with for stranding their passengers, but considering the state of the economy it’s still impressive.

In a further show of strength, Ryanair is going to pay a 500 million euro ($615 million) dividend to shareholders, the first time it has done so.

The airline credits a 14% rise in passengers and lower fuel costs as the main reasons for the profits.

Photo courtesy Abutcher15 via Wikimedia Commons.

Greek economic crisis hurts conservation workers

When Greek Minister of Culture and Tourism Pavlos Geroulanos visited the Acropolis in Athens last week, he was met by a hundred booing employees.

The heritage workers are contracted professionals who are protesting late wages and planned firings. Some haven’t been paid in 16 months and many worry their contracts won’t be renewed next year.

Greece is undergoing a serious financial crisis and struggles under a huge national debt. It recently received a 110 billion euro ($136 billion) bailout from other European Union countries and the International Monetary Fund. The first installment came just in time to keep Greece from defaulting on its latest debt repayment.

Mr. Geroulanos promised action on the overdue pay.

The workers are some of the many government workers who don’t have a full-time job, but rather work on a contract basis. It is unclear how many will be fired because of the crisis, but the long restoration project at the Acropolis will continue, a third of it with EU funding.

Questions are also arising over archaeological and restoration projects all over the country. Sixteen percent of Greece’s GDP comes from tourism, yet serious cuts will have to be made in government spending to stabilize the economy. Greek’s current national debt is 115% of its GDP.

Image courtesy Thermos via Wikimedia Commons.