Miguel Praga

📊 Ávoris' 2024 business volume hit €4.381 billion, up 15.8% from €3.784 billion in 2023, surpassing pre-pandemic figures (€4.318 billion in 2019). Ebitda reached €45.6 million in 2024, a significant increase from €1.1 million in 2023 but still below 2019's €55 million. For 2025, Ávoris targets an Ebitda of €82.5 million, nearly double that of 2024, and aims for a turnover of €4.810 billion, growing 11.4% year-on-year. Distribution division's projected Ebitda for 2025 is €37.9 million, and the product area, including Iberojet, aims for €44.6 million.

📌 The European Parliament's draft report on the Combined Travel Directive poses a threat to the liquidity of travel agencies and tour operators, disregarding the sector's concerns. ECTAA and ACAVE express astonishment at the potential limitation of advance payments to 25% for combined trips, which could financially weaken operators, especially in the first half of the year. They argue against the proposed 72-hour rule to define a tourist package on the same website, calling for a balanced reform, noting that combined trips account for less than 15% of travel services sold in the EU.

💰 In the upcoming season, hotels, travel agencies, and companies eyeing the management of Imserso's senior tourism program face uncertainty due to a potential funding freeze at €72 million for the third year. With no budget increase, hotels earn €25-26 per night versus the actual cost of €34, and agencies receive €14.50 per sold spot. Adjudicating companies struggle with hotel agreements, as the number of participating accommodations declines, impacting quality. The next tender for the program management is expected within one to two months.