Distribuzione e Revenue

🍸 Eitch Borromini, located in a building from the mid-17th century designed by Borromini, features a terrace called La Grande Bellezza, offering views of Rome's cityscape. The rooftop terrace is on the fifth floor of Palazzo Pamphilj and offers 360-degree views, including the famous four-river fountain by Bernini in Piazza Navona. The aperitivo tradition dates back to the 5th century BC, with vermouth invented in 1796 in Turin. Eitch Borromini, behind Piazza Navona, was built between 1654-1659 and offers rooms with various views and amenities, including Etro courtesy kits, minibars, free Wi-Fi, and Sky TV.

🌿 In a study by Varun Dwaraka and Christopher Gardner, published in BMC Medicine, involving 21 pairs of adult identical twins over eight weeks, a vegan diet was observed to reduce biological age estimates, compared to an omnivorous diet. The 77% female participants, with an average age of 40, showed benefits to heart, hormones, liver, inflammation, metabolic systems, and lost an average of two kilograms more than those on the omnivorous diet. Further research is needed to explore long-term effects and the relationship between diet, weight, and aging.

📊 Nestlé reported its first-half 2024 financial results showing a 2.1% organic growth. Real Internal Growth (RIG) was +0.1% in the first half and +2.2% in the second quarter, with price increases of 2.0%. Total reported revenue was 45.0 billion CHF, declining by 2.7% due to unfavorable exchange rates (-4.4%) and net divestitures (-0.4%). Underlying Trading Operating Profit (UTOP) margin expanded by 30 basis points to 17.4% reported, and 16.4% for Trading Operating Profit (TOP) margin. Underlying earnings per share grew by 3.3% at constant currency, with free cash flow reaching 4.0 billion CHF. Organic growth by region: Europe 4.5%, with price increases of 3.1%; North America showed consistent growth; Emerging Markets at 3.7%. Product category growth was led by Coffee, PetCare, Confectionery, Water, Infant Nutrition, Nestlé Health Science, Dairy, and Culinary. CEO Mark Schneider anticipates a minimum 3% organic sales growth and a mid-single-digit increase in underlying earnings per share for the full year 2024. Sustainability efforts include an income accelerator for cocoa farmers improving yields by 32% and family incomes by 38%, aiming to reach 30,000 families in

📊 June 2024 saw Italian shopping centers' revenue grow by 0.8% compared to June 2023, with first-semester figures almost aligning with the previous year (-0.9%). The Personal Care and Health sector rose by 8.1%, while Services increased slightly (+0.7%). Other sectors like Consumer Electronics and Culture, leisure, and gifts declined by 6.5% and 4.3%, respectively. June alone showed a 2.6% visitor increase, with a positive 12-month trend (+2.4% from July 2023 to June 2024).

💸 In July 2024, Italy saw a notable price increase in vacation-related services, with holiday villages, campsites, and hostels spiking by 18.6% monthly. National holiday packages increased by 14.5% in one month, reflecting high season demand. Annually, olive oil prices soared by 35.7% since July 2023, followed by national holiday packages at 29.9%. Sound and image recording media climbed by 19%, while pools, passenger rail transport, amusement parks, and sports events each grew by 8.1%. Accommodations unrelated to vacations, like university housing, rose by 7.2%. Source: Unione Nazionale Consumatori, ISTAT data.

📈 Mondelēz International reported a 1.9% decrease in net revenues for Q2 2024, despite a 2.5% organic revenue growth countered by negative currency impacts and the divestiture of its gum business, which was sold to Perfetti Van Melle in 2023 for over $1 billion. Gross profit fell by $557 million, with gross margin dropping 590 basis points to 33.5%. Adjusted gross profit margin improved by 330 basis points to 40.5%, thanks to price increases and reduced production costs. In the first half of 2024, Mondelēz returned $2.2 billion to shareholders through cash dividends and share repurchases. For 2024, the company forecasts high single-digit organic net revenue growth (3-5%) and a free cash flow of over $3.5 billion, with currency translation expected to decrease net revenue growth by approximately 1.5%.

📍 In 2024, travel company Naar projects a double-digit revenue growth over 2023, with long-haul trips to Japan, Indocina, the US, Polynesia, Peru, Colombia, Canada, and Fiji driving numbers. General Manager Luca Battifora and CEO Frederic Naar highlight the success of the Bespoke project in Europe, offering unique itineraries. With a strong belief in B2B, Naar aims for a €73-74 million turnover, up 11-12%, focusing on the Italian market. Additionally, a shift in demand from Central and Southern Italy suggests a rise in bookings for traditionally unrequested long-haul destinations, like Southern Africa.

🏖 Dubai reports a +9% increase in international arrivals in the first half of 2024 compared to the same period in 2023, totaling 8.55 million visitors, according to the Dubai Department of Economy and Tourism. The hospitality sector shows a high hotel occupancy rate of 78.7%, a +1% increase from 2023. Middle East and North Africa accounted for 26% of visitors, followed by Western Europe (20%) and South Asia (17%). Dubai hosted events like Gulfood and Arabian Travel Market in 2024.

🚩 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.

💸 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.