Automatic

🏖️ Travelance, an alliance including Soltour, TUI, Europamundo, Luxotour, Coming2, and Intermundial, marks one year since its evolution from Soltour Travel Partners, highlighting increased sales and new key destinations. Officially operating since December 2023, 2024 represents its first full year. Soltour Travel Partners amicably split from Viajes El Corte Inglés early in 2023. In the past year, 43% of Spanish tourists chose 5-8 day trips, 17% opted for 9-14 days. Soltour reports a 17% growth in hotel-only sales, foreseeing 5,000 travelers on combined trips by year's end, adding 14 new destinations. Europamundo sees a nearly 40% national growth and 8% international increase. Luxotour witnesses a 15% sales increase in destinations like Japan and Maldives. Coming2's direct excursion sales rose by 5%, while Intermundial's intermediate coverage insurance policies were the most sought after.

🏨 British fund Pygmalion and asset manager CBRE Investment Management listed a portfolio of nine hotels in Spain for sale, with a price range between €240-250 million. Initially acquired from Urvasco group in 2018, marking CBRE IM's entry into the Spanish hotel market, the 4-star hotels have over 1,600 rooms across Sevilla, Madrid, Bilbao, San Sebastián, Santander, Tenerife, Valladolid, and Ciudad Real. The Sevilla-based Silken Al-Andalus Palaces, valued close to €100 million, accounts for nearly 40% of the total portfolio value.