• Greece back in business
Greece is becoming a fashionable tourist destination once more, with celebrities spotted on Greek islands this summer. As a result, investors are planning more than EUR4bn of luxury hotel developments, reports the Wall Street Journal.

Private equity players are linking up with operators including Hilton, Four Seasons, Rotana and Nikki Beach. The country expects to receive a record 19 million tourist visits this year, up from 17.9 million a year ago. 
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