Redaccion Preferente

🏡 Viajes El Corte Inglés and Ávoris, led by Miquel Moyá and Juan Carlos González, express overall satisfaction with this year's business performance but are surprised by a recent unexpected drop in sales. Traditionally, a seasonal decline occurs in October, exacerbated this year by shorter holiday breaks in November and December, and less consumer credit availability after two years of growth. Hotel rates are also becoming less affordable for national tourists. Inflation exceeding wage growth has reduced the average citizen's purchasing power, contributing to the recent sales slowdown. Despite these challenges, both travel subsidiaries of El Corte Inglés and Grupo Barceló are set to close the year at the high end of their expectations, having successfully integrated the cultures of Logitravel, Halcón, and Travelplan. However, market prediction is becoming more challenging for these companies.

🏖️ Hyatt and Grupo Piñero have been strengthening their relationship, particularly in the Caribbean and the Dominican Republic. Both groups are highly regarded leaders in the hospitality industry, as reported by 'Desarrollo'. Chicago-based Hyatt, which includes the largest U.S. tour operator Apple Leisure Group, is looking to deepen ties with the Mallorca-based company.