Fusioni & Acquisizioni

🏖️ Jamaica is set to allocate $6.3 million to tourism marketing initiatives, announced during the 63rd Annual General Meeting of the Jamaica Hotel and Tourist Association by Tourism Minister Edmund Bartlett. Motivated by a surge in travelers, the plan includes new air links from South America starting December 1st with Latam flights from Peru, and negotiations with Azul Airlines and Avianca to introduce flights from Brazil and connect other South American regions, respectively. Marketing campaigns in India and targeted promotions in Eastern Europe and the Schengen area are also planned.

✈ Rome Fiumicino Airport leads Italy's record-setting 2024 airport system with a 12.9% passenger increase over pre-Covid 2019, based on January-August data. Italian airports grew above the European average in 2023 with 3.3 million more passengers (+1.7%), ranking Italy third in Europe with 197.2 million passengers, after Spain (281.6 million) and the UK (274.4 million). Low-cost airlines contributed significantly to the growth of 18 out of 20 minor airports in Italy.

🏡 Domestic flight bookings within Italy for Christmas show a 39% decrease compared to 2023. European travelers flying to Italy dropped by 14%. Italy's domestic market, with a 19.4% search share, remains the largest for tourism. The US, constituting 17.7%, is the second-largest market for Christmas 2024 holiday searches in Italy, followed by the UK at 9.5%. Hotel search data places Americans at the top with 33.8% share, and Italians at 19.1%. Rome leads in flight booking preferences at 32.8%, with Milan (27.4%) and Venice (6.7%) following. Sicily, with Catania at 5.6%, benefits from a tourism boost. For hotel choices at Christmas, Rome garners 48.4%, ahead of Milan, Florence, and Venice. In a broader European and Middle Eastern context, London, Dubai, and Paris are the top city destinations, with Milan and Rome at tenth and eleventh.

✈; Volotea, led by CEO Carlos Muñoz, aims to reach 1,000 routes within five years, doubling its turnover. Europe's market potential of 510 million people, with 330 million in under-served cities, fuels this plan. Currently at 450 routes, Volotea's stake in Aegean could increase from 13% to 21% by next year. The airline is also eyeing Ita Airways and Lufthansa's slots at Milan Linate as part of the EU's merger approval conditions, competing with easyJet.

📍 Gnv opened sales for summer 2025, earlier than previous years due to trade requests. Matteo Della Valle, chief passengers commercial officer at Gnv, highlights the move to meet intermediary needs, offering benefits for clients. The expanded offerings include destinations like Sardinia, Sicily, Morocco, Tunisia, Balearic Islands, and Albania, supported by new ships. The company anticipates a significant year in 2025 with fleet renewal and a focus on Italian tourism trends. Gnv commits to customer safety, 24/7 assistance, and intensified maintenance to minimize disruptions.

🏖️ In July, Italy's tourism balance of payments showed a surplus of €4.1 billion, consistent with July 2023. Foreign travelers spent €7.5 billion in Italy, up 1%, while Italian travelers abroad spent €3.3 billion, up 4%. From January to July 2024, tourism revenues and expenditures both increased by 9.6% over the same period in 2023. EU tourists' spending in Italy rose by 13%, while Italian spending abroad grew by 7% in EU destinations and 6% in non-EU destinations. (Source: www.bancaditalia.it)

🏠 Founded in 1870, the Grand Hotel Parker's in Naples, the city's oldest hotel, joined Autentico Hotels, bringing their total to 20 properties. CEO Mario Cardone aims for 25 family-owned properties by 2025, the company's 10th anniversary. The Michelin-starred George Restaurant within the hotel boasts two stars. Autentico Hotels plans expansion to Sicily, Como, and the Langhe region. They engage with over 13,000 travel professionals and annually reach 1000 travel agencies in 25 countries to cater to high-spending international clientele.

🚀 Renfe, the Spanish railway company, acquired a stake in Longitude (Arena group's holding) and plans to expand throughout Italy. Arenaways' first train will depart from Cuneo station, serving the Cuneo-Saluzzo-Savigliano line. By 2034, Arenaways aims to reach 350,000 passengers within ten years. Additionally, Arenaways intends to increase train frequencies and cover tourist routes including Novara-Varallo Sesia, Alessandria-Ovada, and Santhià-Arona.

✈ London City Airport turns a profit for the first time since the 2020 tourism crisis, reporting a positive gain of £6.6 million in 2023. After losses of £48 million in 2020, £45.5 million in 2021, and £1.1 million in 2022, the airport saw a revenue increase of over 20% to £102.6 million in 2023, with passenger traffic rising to 3.4 million from 2.9 million. However, this is still below the 2019 profit of £47.8 million.

📌 Avis Budget Group unveiled new products and offers at the 61st TTG Travel Experience in Rimini. Agencies can benefit from a 20% commission with Avis's Promo OverCommission or a 10% commission on Avis Flex. Maggiore introduced a specialized booking platform and line, providing constant assistance through a dedicated reservations center, Account Manager, and Sales Support Team.