No loudspeakers and large groups of tourists announced by Venice

New rules are starting to be implemented in Venice due to over-tourism, which ban large groups of tourists and loudspeakers. In Venice, new rules have come into force banning loudspeakers and limiting tour group sizes to 25 people. Venice also introduced a €5 daily entrance fee earlier this year after initially banning cruise ships from […]

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Strategic practices with a people-centred approach from the business side

Highlighting the key challenges faced by hospitality businesses and the strategies they can implement to align their corporate culture and human values is a fundamental issue. At the same time, an approach to the benefits that can be achieved by navigating a people-centric business is important. Many 21st century professionals share a strong philosophy: putting […]

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emirates

Emirates: new record annual profit of $5.1 billion

Emirates Group has announced record profitability, revenue and cash balance, achieving an annual profit of $5.1 billion for the financial year ended March, up 71%. Group revenue amounted to AED 137.3 billion (USD 37.4 billion), an increase of 15% compared to last year’s results. The Group’s cash balance was AED 47.1 billion (US$12.8 billion), the […]

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Sebastian Ebel: “The anti-tourist protests are no threat to TUI”

Protests and demonstrations about over-tourism do not pose a threat to TUI‘s operations and results, as the group’s CEO Sebastian Ebel pointed out, speaking to reporters at the presentation of the second quarter results for the fiscal year 2024. Referring to the protests in the Canary Islands, he said they were mainly about the negative […]

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These are the hotel auctions until the end of April | In Central Greece, Corfu and Rethymnon

Hotel auctions continue unabated in Central Greece, Ionian Islands and Macedonia with banks and companies that have taken over bank loans. More specifically, the auctions scheduled for the near future are as follows: -Anonymous with the name: EVIANA GROUP OF FILOXENIA with a first offer price of 848.000,00 € The property is a dilapidated and […]

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EXCLUSIVE: HotelBrain enters the Cypriot market with 4 hotels | Created by HotelBrain Cyprus

HotelBrain, the largest hotel group in Greece, with more than 100 privately owned -through long-term leases- hotels in its portfolio, is now expanding its activity in Cyprus, following the successful model of long-term leasing of hotel units. According to exclusive information from MONEY & TOURISM, the first 4 hotels, with a total capacity of 306 […]

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The move of FTI manager Jan Mayer to Alltours

FTI Group’s Chief Product Officer will be moved additionally to competitor Alltours Flugreisen as CEO. Jan Mayer will head the travel and commercial divisions of the tour operator. According to Alltours, Mayer will move to Düsseldorf on 1 June. In his new role as Managing Director, he will be responsible for flight and hotel purchasing […]

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Ella Resorts invest in their people

The continuous investment in human resources, as well as the support of the employees of the Ella Resorts Group’s hotel units, is a constant priority and commitment for the company, in view of the new tourist season. Ella Resorts, employing a total of 1,192 employees in 2023, will continue with dedication in the current season […]

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tui

TUI has a €500 million sustainability-linked bond | Increased by €200 million

Satisfied by the significantly higher demand for its sustainability-related bond, the TUI tourism group decided to place €500 million, instead of €300 million, which was the original offer to institutional investors. The company, which will soon return to the MDAX, intends to use the proceeds to repay its debt and cover the costs associated with […]

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Athens approves luxury Cretan tourist project after 25-year wait

A UK investor’s perseverance paid off this week when Prokopis Pavlopoulos, the Greek president, signed off on a €250m tourist project to be built on the island of Crete — 25 years after the permit was first requested. The project is the first new foreign investment to be approved by the leftwing Syriza government since […]

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