Automatic

🏨 On December 12, International Airlines Group (IAG) will decide whether to participate in Air Europa's capital increase of €80 million, maintaining its 20% stake or dropping to 17.7%. The Hidalgo family has already committed €65 million. Spain, despite a €22 billion investment in innovation, ranks 16th in Europe for sustainability and digitization in tourism, with a public-private collaborative approach. In 2023, the top 25 theme parks worldwide saw 244.6 million visitors, a 3.5% decrease from 2019, with Magic Kingdom leading at 17.72 million. European parks showed a stronger recovery (+4.6%) compared to North America (+1.1%), while Asia is still below pre-pandemic levels.

🏖️ María Velasco from the Secretariat of State for Tourism highlighted the significance of NextGen funds for innovation and leadership in tourism to foster a sustainable and digital transition. She discussed at the Thinktur Assembly the public sector's role in promoting innovation with new destination plans focused on environmental sustainability, digitalization, and competitiveness. The private sector, represented by José Guillermo Díaz Montañés of Artiem Hotels and Thinktur, acknowledges the cultural challenges in sustainability, urging for greater awareness. Adelaida Sacristán from Fundación Cotec emphasized that tourism can't lead without innovation, particularly in sustainability's triple aspect. The sector is urged to incorporate comprehensive public administration efforts for a transformative cultural shift towards sustainability.

🏠 Amancio López reports a 10% revenue increase and about 20-21% EBITDA growth for Eurostars Hotel Company and partners in 2024, with a 25% net profit surge. The company invests over €50 million annually in asset repositioning, focusing on luxury, lifestyle, and cost control for 2025 trends. Eurostars, Spain's leading hotel chain and sixth in Europe, plans further European expansion while recently opening a second Miami hotel and one forthcoming in Morocco. Their portfolio includes 35% owned, 58% leased, and the rest managed properties.