HVS Valuation Index reveals that European hotel values have moderate upside in 2023

According to the annual European Hotel Valuation Index (HVI) HVS 2024 published this week, business values have experienced a modest rise without reaching pre-pandemic levels. The post-pandemic rise has been driven by a prolonged need to travel. These influences combined to offset the impact of a number of geopolitical challenges including the war in Ukraine, […]

Continue Reading

Tax free shopping sales in store recovery reached 141% in February 2024, says Global Blue

Global Blue reveals that the global tax-free market recovery momentum remains strong in continental Europe and Asia Pacific. Globally, the recovery in like-for-like store sales reached 141% in February 2024 compared to the same period in 2019, up from 135% in January ’24. A Steady Worldwide Recovery, Compared to 2019 Levels In Continental Europe, the […]

Continue Reading

Are there limits to the financial risks for travel industry experts?

Choosing package holidays helps protect payments for consumers while leaving travel agents, tour operators and banks exposed to the risk of financial risk. That leads financial service providers to increase the costs for handling payments and places “a burden on the industry and its sustainability”, according to Sami Doyle, director of Trust My Group and […]

Continue Reading

Optimistic messages from the contacts of the Deputy Minister of Tourism of Cyprus at ITB Berlin

Kostas Koumis, Deputy Minister of Tourism, who was the head of the Cypriot Delegation at the famous tourism exhibition ITB Berlin, successfully concluded his contacts in Germany on issues concerning the aviation sector and the negative image of the German economy. Specifically, Mr. Koumis held a series of contacts with the heads of tourism organizations […]

Continue Reading

Hopes for growth in the travel market surpassing 2019 – ITB Berlin

In 2023, the travel market not only recovered from its slump during the crisis of the Covid pandemic, it even surpassed 2019 levels. “Now we can really say the pandemic is over“, said Charuta Fadnis, vice president of the tourism market research company Phocuswright, on Monday at the opening of ITB Berlin, the World’s Largest […]

Continue Reading

SHR Group reports the Hotel Industry Trends Report for 2024

-The reciprocal relationship between hotels and online travel agents (OTAs) is well understood but it would be a mistake to think that there exists an unchanging status quo. Hoteliers need to know that there have been some big shifts in spending patterns in the past year as OTAs seek to claim market share and, ultimately, […]

Continue Reading
easyjet

EasyJet denies underpayment of airline employees

-EasyJet was one of 524 companies found not to have paid some staff the national minimum wage during an eight-year investigation by HMRC. The airline owed thousands of cabin crew a total of more than £338,000 – which amounted to an average of £86.94 each, according to the Government. EasyJet, which was eighth worst on […]

Continue Reading

Growing Chinese destinations for the year 2024 according to HBX Group data

The HBX Group’s data on the Chinese New Year is helping the development of travel agencies and the need to find new ways of marketing that will help open up the tourism market and attract new audiences who are able to travel and primarily seek it. The announcement of the date of the New Year […]

Continue Reading

Announcement regarding the outcome of the offering by the “Hellenic Republic Asset Development Fund S.A.

The resolutions of the Board of Directors of the Selling Shareholder have been approved by the Board of Directors based on the circular of the Securities and Exchange Commission. This relates to the offering of 90,000,000 common registered shares with voting rights, which was issued by Athens International Airport S.A. “EUROBANK S.A.” as Joint Coordinator […]

Continue Reading

Air ticket prices “jacked up” last year | At +10% year-on-year

Air ticket prices increased at a low two-digit rate in 2023, compared to 2022, above the rate of inflation, and despite the fact that aircraft fuel prices in 2023 were on average 20% lower than in 2022. In particular, according to the European Organisation for the Safety of Air Navigation, Eurocontrol, air ticket prices increased […]

Continue Reading