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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ETC: European tourism to remain resilient in 2022 amidst pandemic & geopolitical Uncertainty

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 […]

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AirDNA: Holiday cheer ahead for Europe as demand, revenues continue recovery

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 […]

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IATA: Losses reduce but challenges continue|Cumulative $201 billion losses for 2020-2022

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 […]

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SUMMER 2021: The European Hotel Industry on a path to recovery

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 […]

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EXCLUSIVE | HolidayCheck: This is the booking “profile” in Cyprus from German-speaking markets

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 […]

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EXCLUSIVE: Bookings profile in Crete and Rhodes in 2018, based on HolidayCheck

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 […]

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RYANAIR Q1 profits fall 20% to €319M, due to lower fares

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, […]

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