The revenue management system for hotels can help with artificial intelligence to help businesses avoid unnecessary costs. There are four ways, which are recommended for better disclosure of costs and expenses in hotel chains and five benefits so that operational efficiency can be achieved. In industries such as hospitality, retail, travel and SaaS, revenue leakage […]
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For the year 2025, Ryanair sees a 9% increase in traffic to a record 200 million aircraft, despite delays in the delivery of Boeing aircraft. However, the average fare fell by 7% while, cost per passenger remained unchanged as the cost differential widens against competing EU airlines. Over 160 new routes will be introduced for […]
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TUI’s group revenues for the second quarter of 2025 increase by 1.5% to EUR 3.71 billion. Taking into account the Easter effect of EUR -32 million, the Group’s adjusted EBIT in Q2 improved by EUR +14 million. Overall, the season saw a 2% increase in bookings and a 4% year-on-year increase in average prices while […]
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The World Travel & Tourism Council (WTTC), the global body representing the Travel & Tourism private sector, announced its latest Economic Impact Research which found that the U.S. is on track to lose a staggering $12.5BN in international visitor spending this year. Notably, international visitor spending to the U.S. is projected to fall to just […]
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Tourism revenues in Greece reached €21.59 billion, an increase of 4.8% from 2023, with the total number of tourists reaching 40.69 million, an all-time record, with an increase of 12.8% compared to the previous year. At the same time, the average expenditure decreased by 7% to €530, as well as the average length of stay, […]
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Accor Group revenue increased by 9.2% to €1,349 million and Revpar reaches 5.0% compared to Q1 2024. Considerations for medium-term growth prospects, seen since the first half of the year when Accor acquired 45 new hotels. Accor’s 45 hotels, representing more than 5,900 rooms, represent a net unit growth of 2.7% over the last twelve […]
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Delta Airlines warned that revenue may fall in the current quarter and that “growth has largely stalled” as its chief executive warned that he is concerned the economy is likely to fall into recession. The airline attributed the weakness in its forecasts to “broad economic uncertainty around global trade”. Due to the changing economic situation, […]
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New research from technology innovators Amadeus explores what travelers are looking for from a trip and how technology can make those ambitions come true. The report – Travel Dreams – draws on input from 6,000 travelers from US, China, India, UK, France and Germany. The survey describes a 12% increase in revenue in terms of […]
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Ryanair Holdings plc today reported a Q3 profit after tax of €149m, compared to the prior-year Q3 PAT of €15m, as traffic grew 9% to 45m passengers at marginally higher fares due to stronger close-in Christmas/New Year bookings. Cumulative 9 month profits of €1.94bn fell 12% below PY 9 month PAT on 8% lower air […]
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Increased financials have been recorded by online tour operator On the Beach, with underlying profit before tax up 25% to £31 million in the financial year ending 30 September, as revenue grew 14% year-on-year to £128.2 million, with total transaction value (TTV) setting a record for the third consecutive year, up 15% to £1.21 billion. […]
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