Distribuzione e Revenue

🏖️ In Italy, clothing now accounts for 5% of family budgets, down from 10% twenty years ago, while spending on tourism has risen to 4%, up from 1-2%. Confcommercio's analysis of sales, set to end on September 4, shows a consumer preference shift from apparel to travel experiences. Despite last-minute discounts, retailers face challenges as the anticipated positive impact of the sales season falls short.

🏖️ During the summer season of 2024, the tourism sector is witnessing growth, with stocks of related companies benefiting from positive trends. The Italian stock exchange lists mainly small-sized tourism companies, unlike larger international firms found in Europe, such as InterContinental Hotels Group, Ryanair, and Accor. Stoxx Europe 600 saw its best week in three months on Ferragosto, with a 5% gain in the Travel & Tourism sector. Italian company I Grandi Viaggi's stock rose 10% since the beginning of the year, with Banca Akros upgrading its recommendation to "buy" and setting a target price of €1.05 per share. Emma Villas reported a 30% increase in bookings in Sardinia from June to September compared to 2023, aided by last-minute reservations.

💸 Eurozone inflation rises from 2.5% in June to 2.66% in July. Last year's figure was 5.3%. In the wider 27-nation EU, inflation hit 2.8% in July 2024, up from 2.6% in June, compared with 6.1% in July 2023. Source: tgcom24.mediaset.it.

🛫 Etihad Airways transported 1.7 million passengers in July 2024, a 33% increase from July 2023. The airline achieved an 89% load factor, signaling a strong summer season. From January to July 2024, the carrier handled 10.4 million passengers, up by 2.8 million from the same period in 2023. CEO Antonoaldo Neves reported the fleet expanded from 78 to 93 aircraft, serving 76 destinations, up from 66 a year earlier.

🏖 In Puglia, the beach resort union Sib reported a 20-25% drop in summer season results, alarming the sector. According to Fipe-Confcommercio, the decline is mainly due to the absence of middle-class families. Despite inflation and increased tax pressure, Sib states that only a 3.2% price hike in beach facilities contributed to the overall vacation cost, suggesting other factors deterred visitors.

📍 Tourism in Morocco shows signs of recovery, supported by the Operation Marhaba 2024 initiative. 🌍 Vehicle traffic across the Strait of Gibraltar increased by 9.6%, and passenger traffic rose by 6.9%. 📈 The peak of arrivals was between August 3-4, with 80,000 passengers and 20,000 vehicles recorded. The Ministry of Transportation enhanced port infrastructure in response to this surge.

🌏 Japan's travel industry soared in July following a strong June, with 3.29 million foreign visitors, up from 3.14 million the previous month, largely due to a weak yen. The Japan National Tourism Organization reported that since January, arrivals hit 21 million, indicating a potential to exceed the 31.9 million record of 2019 by year-end. School holidays in Asian and European countries contributed to the travel boost, with 19 out of 23 markets hitting new tourist records in July.

✈ Wizz Air's 'All you can fly' pass sold out in 48 hours, with all 10,000 annual passes gone, generating €5 million for the airline. The low-cost carrier, impacted by profit forecast cuts due to engine issues grounding some A321s, considers a second issuance of the subscription.

🏨 Emerging Travel Group partners with Sabre Hospitality for technology implementation. The agreement integrates the SynXis platform to provide hotels with more revenue opportunities and streamlined connectivity and distribution processes. Simone Large, head of direct supply, highlights the partnership as pivotal for global coverage expansion and portfolio growth with high-quality hotel chains. The integration allows hotels to manage inventory, availability, rates, and promotions through one distribution point.

🏕 Pitchup, a platform for booking outdoor vacations, reports a 38% increase in expected arrivals at Italian campsites and glamping sites in September compared to 2023, with bookings by Italian campers up by 58%. Top destinations include Veneto, Tuscany, Lombardy, Sicily, and Campania. Over 77% of bookings are made by couples, 10% by adult groups, 8% by families, and 4% by solo travelers. There's also a noted decrease in advance booking time, which may continue into September.