ttgitalia

🚩 Air France-KLM predicts a drop in third-quarter revenue from €170 million to €150 million due to low summer demand for flights to Paris. According to euronews.com, the Paris’s Tourism Board observed a decrease in tourism, with a -8% change in June compared to 2023 and a -15% in July arrivals. Hotels experienced a -10% occupancy rate decline. Historical data indicates that cities like London, Athens, and Atlanta also saw decreased visitors during the Olympics.

🌍 Naar, an Italian travel company, projects a double-digit revenue growth in 2024 compared to 2023, driven by long-haul trips to Japan, Indocina, the United States, Polynesia, Peru, Colombia, Canada, and Fiji. Luca Battifora, recently appointed General Manager, highlights the success of the Bespoke product in Europe. The tailored travel experiences cater to a growing international clientele. Naar's B2B model capitalizes on the partnership with travel agencies for customized itineraries. The firm targets €73-74 million in revenue for 2024, aiming for an 11-12% growth in the Italian market. Additionally, there's a notable shift in Central and Southern Italy's market trends, with increased bookings to traditionally less popular long-haul destinations, such as Southern Africa.

💸 Royal Jordanian reported a loss of over $38 million in H1 2024, compared to a $24 million loss in 2023, with revenue falling from $491 million to $477 million. Nearly 1.8 million passengers were carried between January and June, slightly down from the previous year. Factors such as the Gaza conflict led to reduced bookings from the Palestinian, Cisjordanian, and Arab-Israeli markets, and less demand for group travel. Jordanian tourism saw a 7.9% drop in arrivals. Despite challenges, the airline is modernizing its fleet until December and has launched new destinations including London Stansted, Manchester, AlUla, and Paphos.