Distribuzione e Revenue

💸 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%.

🏨 Hotel industry faces increasing payroll costs, slowing occupancy growth, and F&B profitability challenges. Strategies include demand generation, advanced analytics, forecasting, revenue management agility, diversifying revenue streams, F&B optimization, and focusing on net revenue contribution. Juyo Analytics provides tools for data-driven decision-making to enhance profitability in the changing hospitality landscape.

🍷 High-end Italian red wines, priced at $50+, saw a 3% increase in US sales value from January to August, countering a 7% decline in the luxury segment overall. French wines dropped by 16% and American ones matched the market average. Vinitaly.Usa, held in Chicago on October 20-21, highlighted these figures from the Uiv-Vinitaly Observatory's analysis of August's SipSource data. Despite representing just 2% of Italian red wine volume, these high-end wines contribute 14% to the total value, which rises to 23% when including super-premium reds priced between $24-$50. Tuscany leads with 45.5% of the US high-end Italian red market, with Brunello di Montalcino alone accounting for 32%. Bolgheri (11.5%) and Chianti Classico (2%) follow, while Barolo (16%) holds second place, and Barbaresco (4%) trails behind Bolgheri Superiore (7%).

✈ Cristina Casati from Delta Air Lines, at TTG Star award ceremony in Rimini, forecasts growth for Italy-USA flights by 2025, anticipating a record increase within Delta's network due to the strategic role of the Italian market. Casati, leading the airline in Southeast Europe markets for four months, is confident in facing market challenges.

🏦 European airports and air connectivity account for 5% of Europe's GDP, as found in a study by ACI Europe conducted by SEO Amsterdam Economics titled "The economic and social impact of European airports and air connectivity". The study reveals that European airports and connectivity support 14 million jobs and generate €851 billion in GDP annually. A 10% increase in direct air connectivity leads to a 0.5% GDP per capita rise and 1.6% job growth. This connectivity also correlates with a 14% poverty rate decrease, 9% better education access, 8.5% more research and development investment, 19% gains in gender equality, and a 1.2% increase in life satisfaction.

📌 GlobalData reports an 11% year-on-year decrease in global travel activity in the first three quarters of 2024, with 519 total transactions, including mergers and acquisitions (M&A), private equity, and venture financing, compared to 583 in the same period of 2023. M&A transactions fell by 6.8%, and venture financing deals by 25.2%. North America, Asia-Pacific, and South and Central America saw transaction volume decreases of 36%, 7.7%, and 20%, respectively. Europe improved by 10.3%, while the Middle East and African region remained stable. The USA, China, and France experienced respective declines of 36.3%, 38.5%, and 42.9%, while India and Japan saw increases of 24.3% and 38.1%. Transaction volumes in the UK, South Korea, and Australia remained mostly unchanged.