The Dertour Group, the tourism arm of the Rewe Group, recorded a double-digit growth rate of approximately 25% (24.6% to be precise) in sales in 2023, with revenues amounting to €7.2 billion, while a new, sharp increase of 47% was recorded in early March for this year’s tourist season. The Dertour group is “back on […]
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Hotel revenues amounted to €10.6 billion in 2023, up 22.5% compared to 2022, when total turnover was €8.6 billion. The increases were higher in seasonal hotels and in 4 and 5 star hotels. These data are derived from a field survey of Institute Tourism Research and Forecast, that processed by INSETEP and are included in […]
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Tripadvisor’s attempt to create a subscription program that would give travelers discounts, drive bookings for suppliers and revenue for itself is ending after just more than three years. “We’ve taken the decision to end our Tripadvisor Plus program,” said a Tripadvisor spokesperson in an emailed statement. The program initially became available in beta in December […]
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FTI Group announced a 10% increase in turnover to €4.1 billion in FY22/23, compared to the previous year, with the group also planning double-digit growth for this year and the search for investors “also making progress”. The group, which has been in the spotlight due to concerns over its sustainability, presents its financial results and […]
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“Focus instead on where you can add value to the customer’s trip” is consensus view from experts for airlines and hotels following new potential rule set to challenge ‘surprise’ and ‘resort’ fees. Recently two US senators introduced the Junk Fee Prevention Act, specifically targeting airline and hotel resort fees. This will require airlines and hotels […]
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Midway through 2022, the hotel industry continues to make strides toward recovery, with nominal hotel room revenue and state and local tax revenues projected to exceed 2019 levels by the end of this year, according to the American Hotel & Lodging Association (AHLA)’s 2022 Midyear State of the Hotel Industry Report. Hotel room revenue in […]
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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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Quarter 1 of 2019 saw the revenues of the Fraport Group – Frankfurt Airport and other worldwide Fraport airports, rise by 17.9 per cent to 803.8 million euros. The higher revenues were factored by, higher passenger growth, ground handling services, security services, infrastructure charges, retail and parking businesses. In Fraport’s international portfolio, major contributions came, […]
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