Distribuzione e Revenue

🏠 During the Ognissanti bridge, 10 million Italians are expected to travel, with 8.9 million staying in Italy, favoring art cities, and 1.1 million choosing foreign destinations. The average stay will be 3.3 days, and the average expenditure per person is projected at €462, generating a turnover of €4.6 billion. Federalberghi highlighted these trends from a survey conducted by Tecnè between October 21-24, involving over 4,000 adult Italians.

🏨 Marriott's hotel project in Turin's former railway station, announced six years ago by the property development company Vastint (part of the Interogo group controlling IKEA), sets its construction start date for early 2025. The Marriott Tribute hotel, with 200 rooms and around 25 employees, is receiving over €40 million in funding from Vastint. The project includes restoring the old building and adding a new seven-story structure. The hotel's interior will be inspired by Turin's salons and include conference spaces for roughly 400 people.

🏖️ Africa's tourism recovery hit 103% compared to 2019, with 69 million international visitors. By 2024, the business is expected to reach $23.37 billion, a 8.2% increase, with a yearly growth rate of 7.49% until 2029, targeting $33.54 billion. African Explorer reported a customer demand surge of +20% in 2023, with authentic African experiences requiring a minimum budget of 4,000 euros for 10-15 days.

📍 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.

💰 In 2024, the travel industry experienced growth beyond expectations. Luigi Lanotte of "A proposito di Viaggi" witnessed a +25% overall increase for franchising and a +15% average per agency in the first nine months. "Home and Away" in Pavia reported a +50% increase in Q1 revenue, stabilizing at +37% over 2023. Early booking has returned, with high costs for last-minute trips. The international travel sector significantly recovered, with optimistic winter season projections and high interest in Christmas and New Year's travel despite elevated long-haul destination pricing. Planning for 2025 has begun positively, with destinations like the USA and Asia, including newly reopened China and South Korea, trending.

✈ Spirit Airlines, in a bid to boost liquidity, sealed a deal with GA Telesis for the sale of 23 Airbus aircraft, specifically A320ceo and A321ceo models. From the sale, Spirit will collect a total of $225 million. Amidst these developments, rumors suggest the airline is re-engaging in merger talks with Frontier.

🏦 Key facts from the article include that 91% of Italians frequent bars at least once a month, but over 10,000 bars close each year with only 50% surviving past five years. Acqua Brillante celebrated the tradition of Italian bars by recognizing 10 "Bar Brillanti" of 2024 in Milan on October 24, 2024, for their authenticity and unique identity. A prior study by Acqua Brillante on 30 bartenders found values like conviviality (62%), tradition (47%), quality products (45%), fun (40%), and socialization (35%) to be essential. Notable bars include Gino 12 at Officina 12 and others across regions like Lombardy, Piemonte, Toscana, Veneto, and Campania.

📊 In 2024, a webinar by GS1 Italy and Circana revealed consumer trends and market dynamics. The year started with a 1.8% rise in sales volumes and a 2.3% increase in value. Inflation slowed to 0.3%, with promotional activity in retail channels up by 1.7 percentage points. Wellness products soared by 33.7% in volume and 44.7% in value compared to 2019. Private labels reached a 30.1% market share, with first-price products climbing to 20.1%. Retail assortments expanded by 0.8% annually to 9,428 references on average, and shelf efficiency improved, with out-of-stock rates reducing from 3.6% to 3.5% and lost sales falling to 4.8%.