Distribuzione e Revenue

🏖 Europe witnessed a 4.9% increase in international tourist arrivals in the first three months of 2025 compared to the same period in 2024. Overnight stays rose by 2.2% annually, while average spending per trip is expected to grow by 14% over 2024. Slovakia (+14.3%) and Norway (+13.2%) lead in arrivals, with Norway also seeing a 15.3% increase in overnights. Italy's overnights increased by 8%, surpassing Austria (-3.5%) and Switzerland (+4.5%). Eastern Europe is recovering, with Poland (+16.2%), Latvia (+27.8%), and Hungary (+18.2%) experiencing growth. Romania (+11.7%) and Bulgaria (+1.4%) benefit from Schengen Area membership. Spain alone welcomed over 10 million foreign tourists in the first two months of 2025, nearly 2 million more than in 2019. Cyprus (+15.4%) and Malta (+12.6%) gained from off-peak travel. High-value perception destinations like Romania thrive, while Iceland (-5.7%) and Monaco (0.8%) slow down. Despite new US tariffs and currency concerns, over 80% of European destinations saw increased US arrivals in the first quarter.

🍷 Women sustain Prosecco sales in the United States, with a 24% penetration rate, reaching 28% among females. U.S. purchases of Prosecco are made 60% by women, who have a 76% awareness rate compared to 69% among men. U.S. consumers earning over $80,000 a year represent 65% of Italian sparkling wine buyers, with 27% declaring incomes over $150,000. The export value of Prosecco to the U.S. increased by 42% in January-February, spurred by pre-tariff stockpiling. In 2024, Prosecco shipments to the U.S. grew by 15% in value, amounting to €491 million. Prosecco accounts for 33% of Italian wine sales in the U.S. and a third of all sparkling wine consumed there.

☕ Caffè Toraldo debuts at TUTTOFOOD in Fiera Milano Rho, running until May 8. The brand, with over 50 years of history, showcases its entire range, including domestic blends, single-serve, and professional-grade beans. The "Forte e Cremoso" espresso blend, popular in supermarkets, especially in pods, now also comes in a new bean version for bars and horeca. With a €75 million turnover and distribution in over 50 countries, Toraldo Group's strategic growth includes targeted investments and a recent visual narrative by artist Gianpiero D'Alessandro for TuttoFood 2025. CEO Marco Sinometti emphasizes authenticity, tradition, and export as key growth drivers.

🍹 YouGov research reflects a stabilization in Italian domestic consumption of alcoholic aperitifs post-pandemic. Premixed bottled aperitifs, the most significant segment, dropped to 13.1% from 13.5% in 2023. Spirits ready to drink/serve fell from 7.0% to 6.5%, single-dose alcoholic cocktails from 5.9% to 5.2%, and single-dose sodas from 2.7% to 2.3%. Despite market declines, single-dose formats like sodati aperitifs and pre-mix cocktails (e.g., Spritz) saw an increase in purchase frequency and average volume per purchase. High socio-economic classes mainly drive purchases, with Northern Italy showing higher penetration and the South, including Sicily, identified as growth potential areas. Young consumers prefer single-dose pre-mixed alcoholic cocktails, 35-64 age groups favor spirits ready to drink/serve, and over 65s are inclined towards niche single-dose sodas.

🏨 Trademark Italia's Italian Hotel Monitor reports that in Q1 2025, Italy's hotel industry saw a stable occupancy rate with a slight decrease of 0.2 points compared to 2024. Despite Easter moving to April and low expectations, the Average Daily Rate (ADR) increased by 3.2% from €127.10 to €131.23. Luxury (5-star) hotels' ADR grew by 4.7%, upscale (4-star) ADR by 2.0%, and midscale (3-star) prices by 1.5%. Room occupancy exceeded 60% in 22 out of 29 cities, with Milan at 71.6%, Bologna over 69%, Florence nearly 69%, Venice at 68.6%, and Rome at 67.7%. Venice topped the average room price at €215.33, followed by Milan and Florence.

📍 ANA Holdings reported a record revenue of 2.261,8 trillion yen (≈13.8 billion euros) for the fiscal year from April 1, 2024, to March 31, 2025, up by approximately 1.2 billion euros from the prior year. Passenger segment revenue increased by 10.1 percentage points to 2.058,7 billion yen (≈12.5 billion euros), with international passenger revenue at a record high of approximately 4.9 billion euros, following new routes from Haneda to Milan, Stockholm, and Istanbul. However, operating profit fell by 4.3% from the previous year to around 1.2 billion euros due to rising maintenance and personnel costs. For the 2025-2026 fiscal year, the company forecasts a turnover of 2.370 trillion yen (≈14.4 billion euros).

✈️ American Airlines will debut its Flagship Suite business class on June 5 on new Boeing 787-9 Dreamliners, featuring sliding doors, a chaise longue, wireless chargers, and increased luggage space. The first two Dreamliners with 51 Flagship Suites and 32 Premium Economy seats were delivered last week, while older Dreamliners have 30 business and 21 premium economy seats. Premium Economy offers double the storage and larger screens. 30 Dreamliners will join the fleet by 2029, with Flagship Suites also planned for new Airbus A321XLRs and upgrades to 20 Boeing 777-300ERs. The Chicago O'Hare-London Heathrow route will be the first to use the new 787 on August 6, followed by Philadelphia-Heathrow on September 3, Philadelphia-Zurich on September 26, and Dallas-Brisbane on October 26. American aims to increase fully reclining and premium economy seats by 50% by decade's end.

✈ Emirates Group achieved a record profit of 22.7 billion dirhams ($5.44 billion) for the fiscal year ending March 31, marking it as the world's most profitable aviation group for 2024-25. With an 18% profit increase, revenues hit 145.4 billion dirhams ($34.9 billion), a 6% growth from the previous year. Available liquidity reached a record 53.4 billion dirhams ($12.8 billion), up 13%. EBITDA climbed to an all-time high of 42.2 billion dirhams ($10.1 billion), a 6% increase. Emirates Airline alone reported a pre-tax profit of 21.2 billion dirhams ($5 billion), up 20%, with revenues at 127.9 billion dirhams ($30.7 billion), a 6% increase. Their available liquidity also peaked at 49.7 billion dirhams ($11.9 billion), 16% higher than as of March 31, 2024.

🏖 Human Company closed 2024 with €161 million in revenue and an EBITDA of €47 million, up 10% from 2023. A partnership with Hines and Clessidra led to the creation of HU Holding Spa. With a capital increase of €120 million from new minority partners, Human Company aims to complete a €350 million investment plan for 2025-29, partly financed by €250 million in preferred equity and bank financing led by UniCredit. The Cardini-Vannucchi family emphasizes growth through quality, innovation, and sustainability. The Italian open-air tourism sector, traditionally composed of small to medium-sized family businesses, is set to expand with Human Company's long-term vision. Their Eraclea project, on the Venetian coast, spans 250 hectares and is expected to open by 2027, potentially generating an economic impact of €400 million in its first three years.

📅 Sabre experienced a 3% drop in air bookings in the first quarter, contrasting with initial stability expectations. CEO Kurt Ekert cited a global weakness in bookings affecting both the corporate and leisure sectors. Notably, U.S. inbound travel from Canada and some European markets, as well as group bookings from Northern Asia, saw declines. U.S. military and government bookings plummeted by 30 percentage points due to Trump administration staff cuts. Despite this, Ekert expects single-digit booking growth in Q2 and a further increase by year-end due to new contracts.