Automatic

🏢 Meliá Hotels International improved its net result by 28.3% to €139.4 million up to September, with notable performance in Spain and globally in EMEA and Asia Pacific. Minor Hotels Europe & Americas increased its net profit by 46.3% to €141 million, with revenues of €1.789 billion, up from the previous year. An agreement was reached to raise the VAT for tourist apartment rentals to 21%, targeting luxury goods with a new tax. The Annual Congress of the Travel Agent by Hosteltur will take place online this Tuesday and Wednesday, featuring over 25 speakers on travel intermediation challenges.

🏖️ The Canary Islands government targets consolidating tourism as a key sector by 2025, with a focus on sustainability, digitalization, talent attraction, and training. Jéssica de León, head of the Tourism Department, outlined a €27 million promotional budget aimed at attracting responsible tourists. Overall, the tourism budget will increase by 2.53% to €244.27 million, including €5.3 million for Climate Action Plans, €582,000 for the Tourism Observatory, and €2.8 million for the Tourism Intelligence System. Infrastructural development will receive a 10.26% boost to €25.5 million, alongside €1.8 million for the Elder Museum of Science and Technology, and €1.5 million for accessibility projects in tourist municipalities. A new €1 million fund is set up for innovation and sustainability projects within infrastructure. The General Directorate for Planning, Training, and Tourism Promotion will have a budget of €54.6 million, up 9.21%.