Based on the monthly hotel performance survey conducted by GBR Consulting on behalf of the Hellenic Hotel Federation, the Greek hotel sector showed during Q3 2022 a decline of the number of room nights of 5 – 7%, while the revenue index showed an increase of 19% compared to the same period of 2019. YTD […]
Continue Reading
The most recent edition of the ‘European Tourism Trends & Prospects’ quarterly report from the European Travel Commission (ETC) predicts that European tourism will demonstrate resilience amidst risks on multiple fronts. The report monitors the impact of the COVID-19 pandemic as well as current economic and geopolitical headwinds and anticipates that European tourism will continue […]
Continue Reading
Revenue in Q1 2022 at 2.37 billion euros, five times higher than in the previous year (Q1 2021: 468 million euros) 2.3 million guests travelled with TUI in the period under review – more than four times as many guests as in the comparable quarter of the previous year (previous year: 0.5 million) Liquidity also […]
Continue Reading
Demand, measured by the number of listing nights stayed over the previous month, was just 8.3% below that of October 2019 (+48.9% over 2020). This is a substantial improvement from September, when demand was 25% lower than in 2019, and the highest percent change since the start of the pandemic, according to AirDNA. Average daily […]
Continue Reading
The International Air Transport Association (IATA) announced its latest outlook for airline industry financial performance showing improved results amid the continuing COVID-19 crisis: Net industry losses are expected to reduce to $11.6 billion in 2022 after a $51.8 billion loss in 2021 (worsened from the $47.7 billion loss estimated in April). Net 2020 loss estimates […]
Continue Reading
European hoteliers had been hoping the pickup in vaccination rates and progressive removal of health restrictions would boost demand this summer, as it did in 2020. Wish granted: hotel activity accelerated (+68.0% in RevPAR between July 1 and August 21 compared to 2020 marks), even though it remains well below pre-COVID standards (-31.8% compared to […]
Continue Reading
According to HolidayCheck figures, tourism in Cyprus had a 15% revenue increase and a 9% booking increase by German-speaking markets in 2018, compared to 2017. More analytically, revenue amounted to €11.2 million, from 5.471 bookings, and the number of overnights increased by 8%, therefore it is concluded that the prices of Cypriot hotels increased in […]
Continue Reading
According to HolidayCheck data regarding the German-speaking markets and which are presented EXCLUSIVELY at money-tourism.gr, Crete and Rhodes demonstrated “high figures” in bookings and revenue in 2018, setting a good base for 2019. More specifically, both destinations achieved high scores after consecutive successful years. Rhodes preceded in percentage, while Crete achieved greater absolute values. In […]
Continue Reading
Ryanair reported a 20% fall in Q1 profits to €319m (excl. exceptionals). Strong traffic growth (up 7%), overcapacity in Europe, and the earlier timing of Easter led to a 4% decline in ave. fares. Higher fuel and staff costs offset strong ancillary revenue growth in the quarter. Q1 Results (IFRS) June 30, 2017 June 30, […]
Continue Reading