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📍 Intercontinental economy flight fares are returning to 'normal' as air capacity worldwide increases, with more lower fares available in economy cabins. Business fares have slowed due to a rebound in corporate travel in 2024 and rising demand for premium leisure travel. Long-haul business class fares from Europe saw a 2% annual increase in Q4 this year, economy fares a 3% increase. Meanwhile, business class fares on short and medium-haul European flights rose by 1% annually, and regional and national economy fares in European markets jumped by 10%.

📍 Demoskopika reports a 1.3% monthly decrease and a 3.8% annual increase in tourism inflation in September. Holiday package prices dropped from 23.2% to 13%, transport services from +0.4% to -1.8%, and air passenger transport sharply by -8.6%. Hospitality and restaurant services decreased from 4.4% to 4.0%. Monthly vacation packages and transport services fell by -15.8% and -10.4% respectively, while recreation and cultural services had a lesser decline of -1.3%. Contrarily, hospitality and restaurant services rose by +0.8%. Inflation gap between the general consumer price index (Nic) and the tourist index (Nict) narrowed to 3.0 percentage points (from 3.5 in August 2024). Italy’s Harmonized Index of Consumer Prices for Tourism (Ipcat) increased by 4.7% year-on-year in August 2024, compared to the EU's 5.0%.

💸 In 2024, VOIhotels hit a new reservation record with BeSafe Rate, reaching 97% of total prepaid bookings from their direct website for VOIhotels and 70% for VRetreats. Year-over-year growth for VRetreats was 190%. BeSafe Rate accounted for 40% of total direct bookings for VOIhotels and 25% for VRetreats. The group has 26 properties across Sardinia, Sicily, Puglia, and Calabria, offering BeSafe Summer, BeSafe Winter, and BeSafe Rate Plus. The adoption of BeSafe Rate has increased prepaid bookings and reduced refund requests.