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💸 Demoskopika records consumer prices in tourism sector increased by 0.8% monthly and 4.1% annually. Accommodation and restaurant services accounted for 79.2% of growth, followed by recreational and cultural services (15.8%), and vacation packages (10.9%). Transport services saw a deflationary trend, with a -5.9 percentage point contribution. Vacation packages grew by 19.5% annually, with national packages leading at 29.9%. Rail transport rose by 8.1%, while air transport decreased by -12.6%. Accommodation services like holiday villages and campsites increased by 8.2%. Italy's inflation rate is lower than the EU average, with only Sweden, France, and Portugal performing better.

🏖 Tui Group, a tourism giant, closed its third fiscal quarter with a record revenue of 5.8 billion euros, marking the eighth consecutive quarter of double-digit Ebit growth. CEO Sebastian Ebel praised the company's sustainable and profitable growth, with bookings for the current summer season up 6% from last year and average prices 3% higher than in 2022, and 88% of the season's capacity already sold.

💸 Airlines have faced an additional $100 billion in fuel expenses compared to pre-Covid times, despite using the same quantity of fuel. Stocklystics.com's study reveals a forecasted total of $291 billion in fuel costs for the current year, up from $190 billion in 2019. Fuel consumption dropped nearly 50% to $80 billion in 2020. In 2022, the sector's fuel usage rebounded to 77 billion gallons, costing $215 billion, a 13% increase from pre-pandemic levels. Fuel now accounts for 32% of airlines' total expenses.