Fusioni & Acquisizioni

✈; 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.

✈ Qatar Airways proposes to acquire 25% of Virgin Australia's shares, aiming to reintegrate long-haul flights for the airline after their 2020 halt. Virgin Australia's CEO Jayne Hrdlicka suggests this would enhance competition, offer cheaper fares, and create more jobs. The acquisition could position Qatar Airways as a strong competitor against Qantas on international routes, pending regulatory approval.

✈️ Dan Air and Spazio GSA launched a partnership today, introducing new air connections between Italy and Romania. Spazio's Commercial Director, Francesco Veneziano, envisions expanding sales and Dan Air's brand in Italy. The network includes a Bacau-Torino route with two weekly flights, increasing to three during Christmas and new December routes to Rome, Bergamo, and Bologna. Dan Air CEO Matt Ian David highlights Spazio's experience ensuring efficient market success.

🗺 Italy remains a key market for Seychelles, maintaining its position as the fourth largest source of tourists for the archipelago after Germany, France, and Russia, with approximately 14,000 arrivals in the first nine months, matching the performance of 2023. Danielle Di Gianvito, the Marketing Representative of Tourism Seychelles in Italy, alongside Bernadette Willemin, the General Marketing Director, confirms the destination's appeal for exclusive experiences. Future prospects look positive, bolstered by cultural events like the Festival Kreol and the resumption of flights.