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Zeus International Hotels & Resorts: new hotels and upgraded accommodation experiences | Further expansion plans in Greece and abroad | Investments of €80 million in 2023

Editor Alexaki134Leave a Comment on Zeus International Hotels & Resorts: new hotels and upgraded accommodation experiences | Further expansion plans in Greece and abroad | Investments of €80 million in 2023

-The Group proceeded with the implementation of investments for the upgrading of its hotel infrastructure and services in Greece and abroad, amounting to €80 million -Plans for new units in Italy, Cyprus and Greece, through acquisitions or macro leases. -Positive booking outlook for 2024, towards a turnover of €70 million and EBITDA of €30-35 million […]

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The first to use more and more social media for travel were the Chinese women of Generation Z

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The China Trading Desk survey, which sampled 15,000 Chinese travellers and is conducted quarterly, shows that Chinese people are now using social media to decide where and how to travel abroad. These social media and some similar travel apps are CTrip and Qunar but also Xiaohongshu and Douyin, the Chinese counterpart to TikTok. China Trading […]

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The Cadore Express train makes its last winter journey

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The last winter run of the Rome-Cortina train of FS Treni Turistici Italiani, a newly formed company of the Italian FS Group and part of its Passenger Hub, was a great success. On 23 February, TTI’s train made its last departure for this season, from the Roma Termini station to reach the Alpine town that […]

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Starwood

Creating a new tourism project with Abu Dhabi as the main investor to provide $10 billion

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Abu Dhabi has started to implement the expansion concept with new infrastructure and projects that will further enhance tourism. This investment is costing over $10 billion and the time frame given is until 2030. Abu Dhabi will introduce new theme parks, cultural sites, retail experiences and hotels. The emirate will increase hotel room availability, enhance […]

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photo EC

Bulgaria and Romania join the Schengen area | 29 members join the Schengen area

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Bulgaria and Romania have partially joined the extended European Schengen free movement area, opening up air and sea travel without border controls after 13 years of waiting. However, Austria’s veto means the new regime will not apply to land routes after Vienna expressed concerns about a possible influx of asylum seekers. With the arrival of […]

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What are the 10 best-connected markets globally in 2024 according to Mabrian data?

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These are the top 10 countries with the best international air connectivity in the first half of 2024 according to Mabrian data. This ranking reflects the outbound travel potential of these countries, positioning them as key destinations in the global travel landscape. The study covers travel dates from January 1 to June 30, 2024, compared […]

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

Editor Alexaki311Leave a Comment on 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 […]

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

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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 […]

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ITB

Forecast for optimistic business plans in tourism at ITB Berlin 2024

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Despite global crises, the industry displayed confidence at ITB Berlin 2024. The most important topics were the growing importance of AI, the shortage of skilled labour and climate justice. The World’s Leading Travel Trade Show put a clear focus on shaping the future. Diverse and globally represented, more than 5,500 exhibitors from 170 countries illuminated […]

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Artificial intelligence is redefining the tourism industry | Statements by Charuta Fadnis at ITB Berlin

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Phocuswright’s Charuta Fadnis spoke on Tuesday at ITB Berlin about agents’ use of artificial intelligence and personalised travel apps as a major future trend. The tourism industry has made an excellent recovery from the Covid pandemic, but is undergoing fundamental change. At the ITB Berlin Convention Charuta Fadnis, senior vice president of Phocuswright, talked about […]

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