DOCSLIB.ORG

Insights Into Luxury Tourism: the Case of Elounda, Crete

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Insights Into Luxury Tourism: the Case of Elounda, Crete PEER-REVIEWED RESEARCH ARTICLE 2020, 2(2): 62-70 https://toleho.anadolu.edu.tr/ FACULTY OF TOURISM INSIGHTS INTO LUXURY TOURISM: THE CASE OF ELOUNDA, CRETE Nikolaos Trihasa,*, Georgia Panagiotakib, Anna Kyriakakic aDepartment of Business Administration and Tourism, Hellenic Mediterranean University, Heraklion, Greece. ORCID: 0000-0001-9084-4036 / e-mail: [email protected] bDepartment of Tourism Business Administration (M.Sc.), Hellenic Open University, Patras, Greece. ORCID: 0000-0002-0656-120X / e-mail: [email protected] cSchool of Business, University of the Aegean, Chios, Greece. ORCID: 0000-0001-6792-2876 / e-mail: [email protected] KEYWORDS ABSTRACT Luxury tourism Luxury tourism is one of the fastest-growing market segments in the hospitality and tourism industry. 5-star hotels Luxury tourists are undoubtedly the target of many tourism businesses worldwide, as evidenced by the large Crete investments made in recent years especially in the private sector, while the competition between luxury tourism destinations has been particularly intense. Elounda is one of the most popular tourist destinations Greece in the world for luxury vacations, having the largest concentration of 5-star hotels in Greece. The aim of this research is to investigate the current status and the characteristics of luxury tourism development in Elounda, as well as the prospects for the future. In order to meet the above objective, qualitative research was conducted using semi-structured, in-depth interviews with the managers of nine 5-star hotels in Elounda. Findings and discussion of this study are useful to tourism professionals, academic researchers and other stakeholders interested in luxury tourism. 1. Introduction Luxury tourism is one of the fastest-growing political and economic life (Trihas, Zouganeli, market segments in the global tourism industry, with & Antonaki, 2012). Elounda is home to some of the advantage of being little affected by the global economic downturn. According to available data place with the highest concentration of Greece’s (Xenia, 2008), luxury tourism accounts for about the5-star finest hotels. hotels Most and of resorts these hotelsin the belongworld. Itto islarge the 3% of total international tourist arrivals, however, hotel groups (e.g. Marriott, Leading Hotels, Relais in terms of revenue it accounts for about 25% of & Chateaux, Small Luxury Hotels). Elounda is international tourism revenue. These percentages characterized as ‘the epitome of a luxurious holiday’ increase from year to year. It is easy to understand (Trihas & Konstantarou, 2016). The visitors have the that luxury tourists are a very attractive segment of opportunity to choose between bungalows, suites the market for tourism businesses and destinations. and villas with sea-view, modern and contemporary However, due to the high demands and expectations design and specialized facilities. Swimming pools, of luxury tourists, attracting them is not an easy task, as it requires high investments for the development and non-heated, spa and thalassotherapy centers, of appropriate infrastructure. Nevertheless, there indoortennis and outdoor,golf courses, simple private or overflowing, beaches, privateheated are already established luxury holiday destinations, heliports, award-winning gourmet restaurants give a and the competition between them is intense. In complete picture of the area’s luxury tourist product. recent years, Greece has entered the map of luxury While there is a growing volume of literature about luxury tourism, there is a lack of empirical Elounda, Mykonos and Santorini being recognized studies focusing in the Greek context. This paper tourisminternationally dynamically, as luxury with destinations. specific areas such as Elounda is a small town on the northeast coast existing literature, as it attempts an analysis of of the island of Crete, Greece. It skyrocketed in comesluxury tourismto partly and fill luxury this gap tourists, and contribute using Elounda to the in Crete as a case study. Crete was built there. A building boom of luxury the late 60s when the first luxury 5-star hotel of *Corresponding Author. into the lively cosmopolitan resort it is today, the Received 11.06.2020; Received in revised form 18.08.2020; Accepted 24.08.2020 accommodationmost luxurious in turned Greece, this hosting small some fishing of the village most This article is licensed under aCreative Commons Attribution 4.0 International License. prominent representatives of the world’s social, e-ISSN: 2687 - 3737 / © 2020 The Authors. Published byAnadolu University. Insights into Luxury Tourism: The Case of Elounda, Crete 2. Literature Review Several attempts have been made over the years to emphasize comfort, relaxation, attention to detail conceptualize the term “luxury” given its subjective and demanding consumer standards (Bakker, 2005). nature and the extensive context in which it is Luxury tourism adds high added value to the applied. At the core of any effort is the wide range basic primary product (Dykins, 2016). Although of quality products and services that meet the the global economy is characterized by successive needs and expectations of a highly specialized and demanding consumer group (Hallott, 2013). The their holidays and are prepared to pay higher prices English word “luxury” derives from the Latin word fluctuations,for it (Park, Reisinger, many consumers & Noh, 2010). are seeking In 2019, luxury global on “luxus” and encapsulates the concepts of opulence luxury tourism market reached US$831 billion and extravagant lifestyle in order to satisfy desires with an expected growth of 7.3% until 2023 (CPP that quite often exceed the usual daily needs Luxury, 2019). At this point, it is worth focusing on (Dubois, Czellar, & Laurent, 2005). It suggests, inter the changes in luxury tourism over the years and alia, superiority, uniqueness, exclusivity and social the transition from “old luxury” to “new luxury”. status and is used to describe something majestic Initially, until the 1990s, this type of tourism was and emblematic with unlimited applications in the exclusive prerogative of the few (elite), while everyday life (Vigneron & Johnson, 2004). Moreover, such trips were made for reasons of impression according to Park and Reisinger (2009), luxury and prestige (Hallott, 2013). Nowadays, luxury goods give personal and social identity to those travel seems to be accessible by a larger group of who buy them and are characterized by creativity, consumers. The emergence of “new wealth” and the high quality, limited production and high prices. In greater professionalism with which this particular addition, crucial is the role of the brand name that tourist product is now treated (Brenner & Aguilar, accompanies luxury products as it presupposes all the above characteristics, while it can also form a Increased demand for luxury tourism as well as repetitive clientele, which arises as a result of trust 2002) contributed significantly in this direction. in them (Kapferer, 1997). wide range of luxury products and travel options Moving towards the concept of luxury tourism profits(Sukmawati, from Ernawati,it led the &tourism Nadra, industry2018). New to marketscreate a and taking into account that the meaning of luxury is are emerging beyond existing ones. Indicatively, constantly evolving, there is no commonly accepted China is the fastest-growing market with the highest demand for luxury products with an annual growth on the perceptions of each traveler. However, its rate of 20%, while it is expected to be the largest definition,essential components as it is interpreted are: a) differentlythe excellent depending service, luxury market in the coming years (D’Arpizio, Levato, b) the high quality, c) the exclusivity, and d) the rarity, characteristics that justify the high prices a noticeable difference between the old and the new that represent the value and level of services offered Prete,era of luxury.Del Fabbro, & Montgolfier, 2019). This is also (Kemp, 1998). In addition, it is a combination of The increasing demand for luxury tourism creates tangible products, services and experiences (Park & the need to explore the characteristics and behavior Reisinger, 2009). Based on the above assumptions, of tourists who choose this type of vacation. Luxury tourists are an important segment of the global travel the type of tourism that includes travel which onehas ascould its maincome purpose to the followingthe acquisition definition: of unique, It is smaller sales volume (Demir & Saribas, 2014). They authentic and quality experiences that are acquired andare nottourism seeking industry, the best generating price, but high the profitsbest product, with a mainly through the provision of personalized and which concerns the accommodation and the whole exclusive services usually at higher costs compared range of tourist services: service from travel agencies to other types of tourism (Xenia, 2008). According / tour operators, transfer to and from the airport to to IPK International (2017), this cost usually the destination, meals at sophisticated restaurants exceeds €750 per night and per person for a stay as well as activities and services inside and outside of 1-3 nights, or exceeds €500 per night and per the hotel (Yu & Littrell, 2003). Nevertheless, although person for a stay of more than 4 nights. Of course, luxury tourists have great purchasing power and the above amounts are a minimum expense which spend huge amounts of money on luxury vacations, they are focused
Load more

Recommended publications
  • Greece I.H.T
    Greece I.H.T. Heliports: 2 (1999 est.) GREECE Visa: Greece is a signatory of the 1995 Schengen Agreement Duty Free: goods permitted: 800 cigarettes or 50 cigars or 100 cigarillos or 250g of tobacco, 1 litre of alcoholic beverage over 22% or 2 litres of wine and liquers, 50g of perfume and 250ml of eau de toilet. Health: a yellow ever vaccination certificate is required from all travellers over 6 months of age coming from infected areas. HOTELS●MOTELS●INNS ACHARAVI KERKYRA BEIS BEACH HOTEL 491 00 Acharavi Kerkyra ACHARAVI KERKYRA GREECE TEL: (0663) 63913 (0663) 63991 CENTURY RESORT 491 00 Acharavi Kerkyra ACHARAVI KERKYRA GREECE TEL: (0663) 63401-4 (0663) 63405 GELINA VILLAGE 491 00 Acharavi Kerkyra ACHARAVI KERKYRA GREECE TEL: (0663) 64000-7 (0663) 63893 [email protected] IONIAN PRINCESS CLUB-HOTEL 491 00 Acharavi Kerkyra ACHARAVI KERKYRA GREECE TEL: (0663) 63110 (0663) 63111 ADAMAS MILOS CHRONIS HOTEL BUNGALOWS 848 00 Adamas Milos ADAMAS MILOS GREECE TEL: (0287) 22226, 23123 (0287) 22900 POPI'S HOTEL 848 01 Adamas, on the beach Milos ADAMAS MILOS GREECE TEL: (0287) 22286-7, 22397 (0287) 22396 SANTA MARIA VILLAGE 848 01 Adamas Milos ADAMAS MILOS GREECE TEL: (0287) 22015 (0287) 22880 Country Dialling Code (Tel/Fax): ++30 VAMVOUNIS APARTMENTS 848 01 Adamas Milos ADAMAS MILOS GREECE Greek National Tourism Organisation: Odos Amerikis 2b, 105 64 Athens Tel: TEL: (0287) 23195 (0287) 23398 (1)-322-3111 Fax: (1)-322-2841 E-mail: [email protected] Website: AEGIALI www.araianet.gr LAKKI PENSION 840 08 Aegiali, on the beach Amorgos AEGIALI AMORGOS Capital: Athens Time GMT + 2 GREECE TEL: (0285) 73244 (0285) 73244 Background: Greece achieved its independence from the Ottoman Empire in 1829.
    [Show full text]
  • Exploring Eastern Crete
    Exploring eastern Crete Plan Days 4 First time in Crete, I guess I should start from the eastern part. A bit of hiking, Chrissi island and Zakro! By: Bonnie_EN PLAN SUMMARY Day 1 1. Ierapetra About region/Main cities & villages 2. Chrissi Islet Nature/Beaches 3. Belegrina Nature/Beaches Day 2 1. Orino Gorge Nature/Gorges 2. Ammoudi Nature/Beaches 3. Makrigialos Nature/Beaches Day 3 1. Zakros Minoan Palace Culture/Archaelogical sites 2. Kato Zakros Nature/Beaches 3. Dead’s Gorge Nature/Gorges Day 4 1. Vai Nature/Beaches 2. Agios Nikolaos About region/Main cities & villages WonderGreece.gr - Bon Voyage 1 Day 1 1. Ierapetra Απόσταση: Start - About region / Main cities & villages Χρόνος: - GPS: N35.0118955, W25.740745199999992 Note: Breakfast and buy supplies for the excursion to Chrissi 2. Chrissi Islet Απόσταση: not available - Nature / Beaches Χρόνος: - GPS: N34.874162, W25.69242399999996 Note: It looks more than great, don't forget my camera 3. Belegrina Απόσταση: not available - Nature / Beaches Χρόνος: - GPS: N34.876695270466335, W25.723740148779257 WonderGreece.gr - Bon Voyage 2 Day 2 1. Orino Gorge Απόσταση: Start - Nature / Gorges Χρόνος: - GPS: N35.06482450148083, W25.919971336554 Note: food for picnic 2. Ammoudi Απόσταση: by car 17.9km Nature / Beaches Χρόνος: 25′ GPS: N35.02149753640775, W26.01497129345705 Note: I would definitely wish to reach this beach 3. Makrigialos Απόσταση: by car 4.9km Nature / Beaches Χρόνος: 05′ GPS: N35.03926672571038, W25.976804824914552 Note: alternative if there is not enough time to go to Ammoudi WonderGreece.gr - Bon Voyage 3 Day 3 1. Zakros Minoan Palace Location: Zakros Culture / Archaelogical sites Contact: Tel: (+30) 28410 22462, 24943, 22382 Απόσταση: Note: How could I not go Start - Χρόνος: - GPS: N35.098203523045854, W26.261405940008558 2.
    [Show full text]
  • Domes Noruz Chania Privacy Policy Statement Preface. DOMES OF
    Domes Noruz Chania Privacy Policy Statement Preface. DOMES OF CHANIA SA runs DOMES NORUZ CHANIA Hotel at Daratsos Crete, Agioi Apostoloi Region, Nea Kudonia. Domes of Chania SA is established in Greece, Elounda Residential Area, Tsifliki Region, Agios Nikolaos, Lasithi, Crete (Registration Number 133789341000) is the Controller of your Personal Data and in compliance with the Regulation EU 2016/679 of the European Parliament and the Council of 27 April 2016 applicable from 25 May 2018 renewed its privacy rules in order to achieve the most secure and safe data processing way. Article 1. Definitions 1.1. «personal data» means any information relating to an identified or identifiable natural person (data subject) in particular by reference to an identifier such asname, gender, postal address, telephone number, email address, credit or debit card number other financial information in limited circumstances, language preference, date and place of birth, nationality, passport, visa or other government-issued identification data, important dates, such as birthdays, anniversaries and special occasion, membership or loyalty program data (including co-branded payment cards, travel partner program affiliations), employer details, travel itinerary, tour group or activity data, prior guest stays or interactions, goods and services purchased, special service and amenity requests, geolocation information, social media account ID, profile photo and other data publicly available, or data made available by linking your social media and loyalty accounts. «personal data» means also data about family members and companions, such as names and ages of children, biometric data, such as digital images, images and video and audio data via security cameras located in public areas, such as hallways and lobbies, in our properties.
    [Show full text]
  • Property for Sale in Sissi Crete
    Property For Sale In Sissi Crete Unpierced Scotty abscising unforgettably. Shuddering Leonid always treadle his foreignism if Clarance is philhellenic or pressurized eminently. Jakob corralled her barton parliamentarily, she spoom it effervescently. Real crete living space to sissi a unique sea views. Boufos beach, this volume seems to be more helpful an introduction to units with fancy or unique sleeve and collar patches, or monastery a holiday home. Country or mechanized infantry, greece by olive press is perfect view, is a beautiful house with a tasty punch. This trip item to crete island estates let us about local shops in crete, including agent fee for sale in your search through us. Crete villas and the world on the marina was at the sea! This property sale sissi properties and local number of publication and storage area with. Book Online: properties ranked based on the Default sort order, careers, with fridge freezer and fitted oven. For Cretans, is explore for bathing in the crystal clear waters, she should really friendly brilliant laywer and watch helpful. Crete properties for sale crete colaborates with basement. Towns are open plan, crete in greece definitely find. There press a vow, a villa, the latest real estate news and expert opinions. There were active during world war ii due on. TV with cable channels is offered. Our reputation management agency you are easily reachable dream property for bathing in neapolis and expert opinions between sea view at times narrow and sissi property for in crete! The local fishermen still moor their boats in the attractive harbour.
    [Show full text]
  • Mortuary Variability in Early Iron Age Cretan Burials
    MORTUARY VARIABILITY IN EARLY IRON AGE CRETAN BURIALS Melissa Suzanne Eaby A dissertation submitted to the faculty of the University of North Carolina at Chapel Hill in partial fulfillment of the requirements for the degree of Doctor of Philosophy in the Department of Classics. Chapel Hill 2007 Approved by: Donald C. Haggis Carla M. Antonaccio Jodi Magness G. Kenneth Sams Nicola Terrenato UMI Number: 3262626 Copyright 2007 by Eaby, Melissa Suzanne All rights reserved. UMI Microform 3262626 Copyright 2007 by ProQuest Information and Learning Company. All rights reserved. This microform edition is protected against unauthorized copying under Title 17, United States Code. ProQuest Information and Learning Company 300 North Zeeb Road P.O. Box 1346 Ann Arbor, MI 48106-1346 © 2007 Melissa Suzanne Eaby ALL RIGHTS RESERVED ii ABSTRACT MELISSA SUZANNE EABY: Mortuary Variability in Early Iron Age Cretan Burials (Under the direction of Donald C. Haggis) The Early Iron Age (c. 1200-700 B.C.) on Crete is a period of transition, comprising the years after the final collapse of the palatial system in Late Minoan IIIB up to the development of the polis, or city-state, by or during the Archaic period. Over the course of this period, significant changes occurred in settlement patterns, settlement forms, ritual contexts, and most strikingly, in burial practices. Early Iron Age burial practices varied extensively throughout the island, not only from region to region, but also often at a single site; for example, at least 12 distinct tomb types existed on Crete during this time, and both inhumation and cremation were used, as well as single and multiple burial.
    [Show full text]
  • Wine Tourism in Crete!
    Wine tourism in Crete! Plan Days 7 Discover the particularity of the local varieties, visit important archaeological sites and get acquainted with the unique Cretan hospitality, on a magical journey across the island. By: Wondergreece Traveler PLAN SUMMARY Day 1 1. Chania International Airport “Ioannis Daskalogiannis” About region/Access & Useful info 2. Alcanea Boutique Hotel Accommodation 3. Venetian harbor of Chania Culture/Monuments & sights 4. The Archeological Museum of Chania Culture/Museums 5. Alcanea Boutique Hotel Accommodation Day 2 1. Alcanea Boutique Hotel Accommodation 2. The dome-shaped tomb in Maleme Culture/Archaelogical sites 3. Anoskeli Winery & Oil Mill Local Products & Gastronomy/Wineries 4. Tamam Food, Shops & Rentals/Food 5. Pasteleria de Dana Food, Shops & Rentals/Food 6. Alcanea Boutique Hotel Accommodation Day 3 1. Alcanea Boutique Hotel Accommodation 2. Ancient Aptera Culture/Archaelogical sites 3. Dourakis Winery Local Products & Gastronomy/Wineries 4. Rethymno About region/Main cities & villages 5. The archeological site of Eleftherna Culture/Archaelogical sites 6. Scalani Hills Boutari Winery & Residences Accommodation Day 4 1. Scalani Hills Boutari Winery & Residences Accommodation 2. Nikos Kazantzakis Museum Culture/Museums WonderGreece.gr - Bon Voyage 1 3. Heraklion About region/Main cities & villages 4. The Fortress “Rocca al Mare” (Koules) Culture/Castles 5. Scalani Hills Boutari Winery & Residences Accommodation Day 5 1. Scalani Hills Boutari Winery & Residences Accommodation 2. Knossos Palace Culture/Archaelogical sites 3. Elounda About region/Main cities & villages 4. Spinalonga Culture/Monuments & sights 5. Cressa Ghitonia Village Accommodation Day 6 1. Cressa Ghitonia Village Accommodation 2. Toplou Monastery Winery Local Products & Gastronomy/Wineries 3. Ancient Itanos Culture/Archaelogical sites 4.
    [Show full text]
  • Crete (Chapter)
    Greek Islands Crete (Chapter) Edition 7th Edition, March 2012 Pages 56 Page Range 256-311 PDF Coverage includes: Central Crete, Iraklio, Cretaquarium, Knossos, Arhanes, Zaros, Matala, Rethymno, Moni Arkadiou, Anogia, Mt Psiloritis, Spili, Plakias & around, Beaches Between Plakias & Agia Galini, Agia Galini, Western Crete, Hania & around, Samaria Gorge, Hora Sfakion & around, Frangokastello, Anopoli & Inner Sfakia, Sougia, Paleohora, Elafonisi, Gavdos Island, Kissamos-Kastelli & around, Eastern Crete, Lasithi Plateau, Agios Nikolaos & around, Mohlos, Sitia & around, Kato Zakros & Ancient Zakros, and Ierapetra & around. Useful Links: Having trouble viewing your file? Head to Lonely Planet Troubleshooting. Need more assistance? Head to the Help and Support page. Want to find more chapters? Head back to the Lonely Planet Shop. Want to hear fellow travellers’ tips and experiences? Lonely Planet’s Thorntree Community is waiting for you! © Lonely Planet Publications Pty Ltd. To make it easier for you to use, access to this chapter is not digitally restricted. In return, we think it’s fair to ask you to use it for personal, non-commercial purposes only. In other words, please don’t upload this chapter to a peer-to-peer site, mass email it to everyone you know, or resell it. See the terms and conditions on our site for a longer way of saying the above - ‘Do the right thing with our content. ©Lonely Planet Publications Pty Ltd Crete Why Go? Iraklio ............................ 261 Crete (Κρήτη) is in many respects the culmination of the Knossos ........................268 Greek experience. Nature here has been as prolifi c as Picas- Rethymno ..................... 274 so in his prime, creating a dramatic quilt of big-shouldered Anogia .........................
    [Show full text]
  • ANCIENT GREECE with Santorini and Crete May 16-29, 2019
    ANCIENT GREECE WITH SANTORINI AND CRETE May 16-29, 2019 14 days for $6,392 total price from Houston ($5,895 air & land inclusive plus $497 airline taxes and fees) This tour is provided by Odysseys Unlimited, six-time honoree Travel & Leisure’s World’s Best Tour Operators award. An Exclusive Small Group Tour for Aggies & Friends of Texas A&M University Howdy, Ags! Join the Traveling Aggies on a special 14-day small group journey to discover the grandeur of the ancient world in Greece and experience the beauty of the Aegean isles. Classical Greece comes to life at unmatched archaeo- logical sites, on idyllic islands, and alongside Athens’ contemporary life. Begin in Athens, visiting the city’s treasured sites and the National Archaeological Museum, then taking an excursion to Delphi’s celebrated ruins. Your group explores Ancient Corinth and visits an olive oil factory. Spending three nights in a Peloponnesian resort hotel, take a private boat excursion to tranquil Hydra and visit the archaeological sites of Mycenae and Epidaurus. Next is a three-night sojourn in the Cretan capital, Heraklion. Visit the renowned Archaeological Museum and the Minoan Palace and board a private boat for a cruise to Spinalonga. During a two-night stay on the island of Santorini, tour a winery and the archaeological site of Akrotiri. Your memorable journey concludes with a final night in Athens. With room for only 24 guests on this exclusive Traveling Aggies departure, we expect this tour to fill quickly. Book today to secure your spot! Gig ‘em! Jennifer Bohac ’87, Ph.D.
    [Show full text]
  • Domes of Elounda, Privacy Policy Statement Preface. TOURISTIKAI
    Domes of Elounda, Privacy Policy Statement Preface. TOURISTIKAI EPICHIRISEIS DRIROS SA runs Domes of Elounda Hotel at Tsifliki, Elounda Region, Agios Nikolaos, Crete, Greece. Touristikai Epichiriseis Driros SA established in Greece, Tsifliki Region Elounda, Agios Nikolaos, Lasithi, Crete, Greece (Registration Number 024786341000) is the Collector of your Personal Data and in compliance with the Regulation EU 2016/679 of the European Parliament and the Council of 27 April 2016 applicable from 25 May 2018 renewed its privacy rules in order to achieve the most secure and safe data processing way. Article 1. Definitions 1.1. «personal data» means any information relating to an identified or identifiable natural person (data subject) in particular by reference to an identifier such as name, gender, postal address, telephone number, email address, credit or debit card number other financial information in limited circumstances, language preference, date and place of birth, nationality, passport, visa or other government-issued identification data, important dates, such as birthdays, anniversaries and special occasion, membership or loyalty program data (including co-branded payment cards, travel partner program affiliations), employer details, travel itinerary, tour group or activity data, prior guest stays or interactions, goods and services purchased, special service and amenity requests, geolocation information, social media account ID, profile photo and other data publicly available, or data made available by linking your social media and loyalty accounts. «personal data» means also data about family members and companions, such as names and ages of children, biometric data, such as digital images, images and video and audio data via security cameras located in public areas, such as hallways and lobbies, in our properties.
    [Show full text]
  • ELOUNDA, CRETE FAQ / Buyers' Guide
    ELOUNDA, CRETE FAQ / Buyers’ Guide ELOUNDA PENINSULA DIAMOND RESIDENCES ELOUNDA, CRETE MARCH 2011 1 INDEX 1. INTRODUCTION (WHO IS WHO) (page 3 ) 2. EPDR PROJECT (page 3) 3. MANAGEMENT, OPERATION & MAINTENANCE (page 4) 4. THE LEGAL FRAMEWORK (CONTRACTS / CLOSING) (page 8) 5. THE PROCEDURE TO PURCHASE A RESIDENCE (page 9) 6. TAXES AND FINANCING (page 11) 7 .RIGHTS RELATED WITH A RESIDENCE / COMPARISON (page 12) 2 1. INTRODUCTION Q: Who is Elounda S.A.: A: Elounda S.A. is a private, family-owned Greek company, based in Elounda, Crete, Greece, focused on tourism resort and residential lifestyle developments. Among other properties, it hasdeveloped, owns and now operates three resort hotel properties in Elounda: “elounda mare, Relais & Chateaux”, “porto elounda DE LUXE RESORT Preferred Hotels and Resorts” and “elounda peninsula ALL SUITE HOTEL”, known widely as Greece’s finest luxury resorts. Elounda S.A. has been operating since the 1960’s, and is recognized as an industry leader not just in Greece but in the Mediterranean and beyond. As a hotel manager/operator, the Company is supervised by, and complies with the rules and regulations of, the Greek National Tourism Organization (GNTO). Q: What/Where is the Resort? A: The Resort is defined as the waterfront property complex containing two hotels, the “porto elounda DE LUXE RESORT” and the “elounda peninsula ALL SUITE HOTEL”. This is approximately 70 kilometers east of Heraklion airport, Greece’s second busiest international airport, situated on the northeastern part of the island of Crete. The Resort encompasses these two hotels plus all related facilities and amenities, including the Six Senses Spa, Children’s Ark, 9-Hole golf course and beaches/watersports installations.
    [Show full text]
  • Top 10 Crete
    EYEWITNESS TRAVEL TOP10 CRETE N O ORO ID S U K B O OF M OR I EN 10 5 A UT LIKO MA 2 MA LI Best beaches K Agios E O S OUT PLATIA I Titos AGIOS I TOU ARI ADNI AS TITOS S T S 10 R IO IGI O Must-see museums & ancient sites AY F M I R A B E L O U Battle of Crete O B Loggia AN Museum S 10 O Venetian DHR K Spectacular areas of natural beauty HA M D ZID A K I U Walls IL DOU OG ATO O U S D EO HÍ D 10 K Best traditional tavernas D O Archaeological EDHALOU RA I APOUTIE Museum S THOU IDOMENEO N A 10 D Most exciting festivals 10 Liveliest bars & clubs 10 Best hotels for every budget 10 Most charming villages 10 Fascinating monasteries & churches 10 Insider tips for every visitor YOUR GUIDE TO 10THE 10 BEST OF EVERYTHING TOP 10 CRETE ROBIN GAULDIE EYEWITNESS TRAVEL Left Dolphin fresco, Knosos Right Rethymno harbour Contents Crete’s Top 10 Contents Ancient Knosos 8 Irakleio 12 Produced by Blue Island Publishing Reproduced by Colourscan, Singapore Printed Irakleio Archaeological and bound in China by Leo Paper Products Ltd First American Edition, 2003 Museum 14 11 12 13 14 10 9 8 7 6 5 4 3 2 1 Chania 18 Published in the United States by DK Publishing, 375 Hudson Street, Phaestos 20 New York, New York 10014 Reprinted with revisions Rethymno 22 2005, 2007, 2009, 2011 Gortys 24 Copyright 2003, 2011 © Dorling Kindersley Limited Samaria Gorge 26 All rights reserved.
    [Show full text]
  • Flowers of Crete Autumn Flowering Bulbs Trip 2009
    FLOWERS OF CRETE AUTUMN FLOWERING BULBS TRIP 2009 Itinerary Tuesday 6 th October Guests will be collected from the airport and taken to their accommodation to settle in. Accommodation is on a self-catering basis either at Albion House, Pano Elounda, www.albionhousecrete.com or The Olive Press at Kritsa www. olivepress .centerall.com . Evening welcome to Elounda ‘get together’ at The Lotus Eaters Restaurant, Elounda. http://www.lotus-eaters.com Wednesday 7 th October After a not too early breakfast, we get together to take a short drive high into the mountains above Aghios Nikolaos to the Katharo Plateau, stopping on the way at certain spots where we are sure to find something of interest. Look out for colchicum and crocus, especially the rare endemic C. oreocreticus once we reach the plateau. A leisurely lunch can be taken at Zerbas taverna, where there is a chance to look through Steve Lenton’s catalogue of The Flowers of Katharo and to talk to Flowers of Crete supporter Yiannis, who has lived here all his life. Expect to find Sternbergia greuteriana, Colchicum cretense, Crocus oreocreticus, Scilla autumnalis. Thursday 8 th October Milatos, Mohos and Lassithi Plateau – An earlier start and a slightly longer drive will take us along the coast to Milatos to find the rare Colchicum cupanii, Crocus tournefortii and many, many other delightful flowering bulbs. Then we turn inland and climb to the charming mountain village of Mohos, stopping to admire Sternbergia, crocus, colchicum and narcissus on the way. We will spend time on the Lassithi plateau for botanising, photography and maybe some sketching and take a slight detour to the foot of Karfi before returning to base for the evening.
    [Show full text]