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Redaccion Preferente

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Bernardo Quetglas será distinguido con el premio Preferente en Fitur

🏖️ Bernardo Quetglas Riego, President of BQ Hotels and Viajes Sidetours, will receive the Preferente Award on January 22 at the upcoming Fitur event in Ifema's Neptuno room at 13:00. Marga Prohens, President of Baleares, will present the award. Other awardees include Ernesto Veloz (Asoleste), Miguel Amengual, and Enrique Saiz (CEO of Wamos), with officials from Spain and the Dominican Republic in attendance.
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  • 3 min

Mallorca y el Turismo honran a su última gran leyenda con un adiós a su altura

💚 Gabriel Escarrer Juliá, the founder of Meliá, was honored in a funeral on Thursday at the Basilica of Sant Francesc in Palma, with a large attendance from Mallorca's society and tourism sector. Prominent figures from religious, political, business communities, and security forces participated, reflecting Escarrer's 89 years of human quality. Relatives and Meliá executives attended, with tributes highlighting his generosity and the ethical legacy left for future generations.
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Viajes Interrías, beneficiaria del programa ‘Última Milla’ para digitalizar pymes turísticas

🏖️ Viajes Interrías, via its own entity Destinationlab, has been selected as a beneficiary of the "Última Milla" aid for the digitalization of small and medium-sized tourism enterprises, funded by the European Union's Next Generation funds through the Ministry of Industry and Tourism. The initiative aims to enhance digitalization and process automation in line with the modernization and sustainability goals of the Recovery, Transformation, and Resilience Plan, thus optimizing contract management, improving traveler satisfaction, adding value to intermediary services, and deepening market understanding to tailor services to each destination's demands. Viajes Interrías confirms its commitment to innovation and digitalization in the tourism sector.
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  • 2 min

Ávoris cuestionó un patrocinio al CD Estepona copado por Air Europa

🎮 Air Europa sponsored CD Estepona with €240,000 yearly in summer 2022, extending the €480,000 deal from two to four years. In April 2023, Ávoris, which acquired Halcón Viajes previously owned by Air Europa's owners, charged another €121,000, totaling €600,000 for CD Estepona. Barceló, co-president of the group and recipient of a €320 million rescue, discovered an unsigned sponsorship contract, returning the invoice as no agreement was negotiated. CD Estepona failed to reach Primera RFEF, despite plans for a luxury estate by Hidalgo spanning 2.2 million square meters.
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Hotelbeds ampliará capital para reducir deuda y facilitar su salida a Bolsa

📈 Cinven, CPPIB, and EQT, owners of HBX Group which includes Hotelbeds, plan to take the company public by June, offering a minority stake post-capital increase to cut debt. HBX's debt is five times its EBITDA, while public firms typically range between two and three times. Fiscal year October 2022 to September 2023 saw a 51% increase in revenue to €656 million and an EBITDA of €356 million, over 50% gross margin. The IPO could raise €750 to €1,250 million depending on market interest, attracting long-term investors like Vanguard, Fidelity, or BlackRock. Advisors for the IPO include Evercore, Bank of America, and others.
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Las grandes sacudidas en la propiedad hotelera tras una década de nuevos actores

🏨 In Spain, a decade of hotel industry milestones followed the institutionalization of property ownership. The shift came post-2008-2013 financial crisis, facilitated by investment vehicles like socimis. Key players included Hispana, HiPartners, Hiperion, Covivio, KKR, Portobello, Minor, Atom, Azora, Brookfield, Cerberus, Angelo Gordon, Stoneweg, Fortress, Fattal, Redevco, Sixth Street, Castlelake, ADIA, and GIC.
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  • 2 min

Un discreto gigante español dispara deuda a 2.500 millones sin casi inmuebles

💰 Amadeus' net financial debt increased by €370 million to €2.511 billion, 1.09 times the EBITDA for the last 12 months, driven by the buyback of shares for €353.8 million. In the first nine months, Amadeus reported a gross margin of 39.2%, with EBITDA up by 13.3% to €1.806 billion, and revenue growth of 12.6%, reaching €4.6 billion. Revenue from Air Distribution grew by 10% to €2.23 billion, while Technology Solutions for the Airline Industry rose by 16.2%, contributing €1.636 billion. Hotel and Other Solutions improved by 12.9% to €734 million.
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Trump sacudiría al turismo en especial en Canarias y Cataluña

📍 Donald Trump's return to the White House could impact tourism variables such as oil prices, dollar strength, tariff policies, and wartime conflicts, notably affecting Canarias and Cataluña. He plans to promote 'fracking' to reduce gasoline prices, potentially leading to lower airfare. A strong dollar, advocated by Trump, may increase demand, especially for Caribbean resorts controlled by Baleares hoteliers. Trump's trade stance could affect exporter countries like Germany, impacting destinations like Mallorca. The terrorist attack on October 7, 2023, in Israel shifted European tourists towards Tenerife and Gran Canaria. Peace in the Middle East could redirect tourists back to the region, affecting Canarias' winter high season. A potential ceasefire in Ukraine might slowly return the Russian market to Spanish regions affected by the conflict, such as Cataluña. Trump's presidency may not have immediate effects on Spanish tourism, but medium-term changes in tourist flows to Spain are anticipated.
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  • 1 min

Iberia duda sobre participar en la ampliación de capital de Air Europa

✈ IAG, through CEO Luis Gallego, disclosed doubts on participating in Air Europa's capital increase to prevent its dissolution next year after a failed acquisition by Iberia's parent company. Air Europa, owned by Globalia, under the Hidalgo family, is preparing a capital increase of €50-80 million due to pandemic losses and net worth deterioration after a government-approved moratorium expired. IAG currently holds 20% of Air Europa, initially part of a plan to acquire 100% before facing European Commission competition concerns last summer.
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Euforia hotelera en la WTM: los precios para 2025 suben sobre el 5%

🏨 Spanish hoteliers at the World Travel Market (WTM) in London, which started on Tuesday, are negotiating price increases for 2025 between 4-7%, with rates averaging around 5%. This reflects sustained high demand for Spain, despite two years of significant price surges. Competition issues in Middle Eastern destinations partly explain the rate hikes. The Spanish tourism family's presence in the British capital has seen significant prominence in terms of square meters contracted by destinations and companies.
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