Ryanair released its Jan OTA Pirate survey, which revealed eDreams as the no.1 Pirate, overcharging customers by a scandalous 125% for a reserved seat that costs just €12 on Ryanair.com. While eDreams is the worst OTA Pirate in Jan, other OTA Pirates also made the “consumer rip-off” podium with Opodo overcharging by 108% (€38.31 for […]
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According to the European Travel Commission’s (ETC) latest report, ‘Monitoring Sentiment for Domestic and Intra-European Travel,’ 68% of surveyed Europeans plan to travel between October 2023 and March 2024. This represents a slight drop of 2% compared to the same period last year. Respondents from Spain and Italy are the most eager to travel, with […]
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Europe’s tourism recovery is maintaining its momentum despite economic headwinds, reaching about 95% of 2019 levels of international tourist arrivals. Though inflation and increased travel costs are squeezing consumers’ wallets, travel spending is still prioritised over other discretionary expenses. The latest data available shows that one-quarter of reporting European destinations have surpassed pre-pandemic levels of […]
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Airports Council International (ACI) World has today published its 2023 edition of the Airport Economics Report and Key Performance Indicators (KPIs), presenting a comprehensive view of the airport industry’s financial performance for the 2021 year. The annual Airport Economics Report presents an in-depth global analysis of airport industry revenues by source, costs, and related trends across the globe and over […]
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TUI continues to execute its goal of rapidly deleveraging the Group, reducing interest costs and further reducing Corona state aid. The Corona state aid received in the pandemic is to be returned as quickly as possible and in sequence. TUI’s Executive Board and Supervisory Board have therefore today resolved to launch a capital increase against […]
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Gross operating profit for U.S. hotels improved to 84% of the comparable 2019 level, according to STR‘s June 2021 monthly P&L data release. Labor costs also rose from the previous month and in comparison with 2019. Each of the key profitability metrics, on a per-available-room basis, came in higher than any month since February […]
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