Distribución y Revenue Management

🏨 By 2026, the AI for Travel and Hospitality market is expected to exceed $1.2 billion. Accenture reports a 74% higher probability of profitability increase for the sector with AI adoption. Asksuite has exchanged over a billion messages, serving over 80 million via its AI reservation agents. Their upcoming release integrates with over 300 PMS and top CRMs, aiming to revolutionize end-to-end service. Discover more in their 1st Annual Report on Customer Service AI in Hospitality.

✈ Ryanair partners with Paxport, becoming their first "OTA Approved aggregator," offering transparent pricing for low-cost flights to associated online travel agencies (OTAs). Paxport customers gain direct access to their myRyanair account without additional verification. This partnership allows OTA partners to book across Ryanair's 240+ destinations. The collaboration aims to support Ryanair's commercial strategy by enabling controlled distribution to Paxport's approved subscribers, strengthening Paxport's commitment to the travel sector.

🏖️ Madrid exceeded one million tourists in August for the first time in 2023. The Asociación Empresarial Hotelera de Madrid (AEHM) reports an average hotel occupancy of 52% for August, with last year's final occupancy reaching 65.51%, surpassing pre-pandemic levels. International tourists, mainly from the USA, UK, Mexico, France, and Italy, represent 53% of the guests, with 61% a year ago. VP of AEHM credits Madrid's diverse gastronomy, cultural offerings, international events, and excellent connectivity for the tourism boost.

🏡 The Ayuntamiento de Valencia has granted Lovatres construction company license to transform Palacio de los Eixarchs into a hotel and tourist apartment complex. Starting within 6 months, the project must be completed in 24 months. Located in El Pilar, near Mercado Central, it involves rehabilitating buildings at 3, 5, and 7 Eixarchs Street plus two new structures. The complex will consist of the rehabilitated and expanded Edificio Eixarchs, the newly built Edificio Boatella for hotel use, and Edificio Valeriola for tourist apartments and a two-basement parking with access from Eixarchs. The first phase includes the palace rehabilitation, followed by the hotel construction, the apartment building, and finally the parking.

📝 Speakspots, leveraging AI, crafts personalized travel itineraries in under a minute, considering traveler preferences, budget, and dates, sent via WhatsApp. Its 50 algorithms perform over 150,000 calculations per itinerary, minimizing travel times and avoiding closed attractions or weather issues. From 2023, it also integrates Civitatis activities and Booking.com hotels for 30 countries across Europe, North America, and Latin America, offering real-time budget optimization for activities and accommodations. The startup, which began in 2019 and saw rapid growth by doubling users monthly from late 2023, now operates in seven languages across 120 destinations. Founder Andrés Martínez Artal, named in Forbes' top 100 creative professionals, aims for more personalized tourism.

🏨 In Spain, hotel room prices surged 8.1% year-on-year to €122.12 per night in June, following a 9.2% hike in May. Madrid led with a 22.3% price jump to €152.13 per night, marking a 33% increase since February, while occupancy rates also rose. The Balearic Islands followed with €140.52 per night, a 6.84% increase, and a record 9.5 million overnight stays. Catalonia's rates climbed 6.44% to €134.31 with 6.9 million stays. Five-star hotels saw the steepest rise of 9.1%, averaging €283 per night.

🚀 In 2023, Renfe led high-speed rail in Spain with a 55% market share in Madrid-Barcelona and Madrid-Valencia routes, down more than 10 points due to competitors Ouigo and Iryo. Iryo captured 20-25% market share, except in Madrid-Alicante (5%), while Ouigo held 18-23%. A 37% increase in passengers resulted in over 32.4 million travelers, with train mode share reaching 85% on average against planes, excluding Madrid-Málaga. Price drops of 24-28% impacted profitability, sparking price war criticisms from Renfe and Iryo towards Ouigo.

🛫 Ryanair won a legal case in the Regional Court of Berlin, Germany, against eDreams, which was found to have deceptive commercial practices, particularly regarding its "Flexfare" product. The Berlin court ruling follows a similar U.S. Delaware court victory for Ryanair against Booking.com, delivered less than a week prior. In Barcelona, hotel stays are up in the first half of 2024 compared to the previous year, yet tourism is among the top three concerns for residents as of June 2024, with many supporting the elimination of tourist apartments. Meliá Hotels International and Banca March, along with R2 Hoteles, are set to invest €26 million in tourism projects in Fuerteventura, which was approved by the Pájara municipality, aiming to boost economic growth and job creation.

💰 Travel prices from the Imserso program start at 124€ for 4-day stays in provincial capitals. 210€ for 8-day trips to the Balearic Islands, Canary Islands, and peninsular coast without transport. The same trip extended to 10 days costs 253€ without transport, ranging from 228€ to 290€ with transport. Cultural circuits are priced at 293€ for 6 days, while nature tourism and trips to Ceuta and Melilla are 286€ for 5 days. Prices may decrease for those with an income at or below non-contributory pension levels.

✈️ EasyJet anticipates a record summer and raises full-year forecasts, contrasting rivals like Ryanair, which cut expected profits by nearly half. In the third fiscal quarter ending June 30, EasyJet's pre-tax profit was £236 million, a 16% increase over the previous year. EasyJet Holidays' net profit for the quarter was £73 million, up from £49 million in the third quarter of 2023. EasyJet carried 25.3 million passengers, up 8%, with aircraft utilization rising to 90%. Revenues for the quarter grew by 11% to £2.631 billion, and ancillary services brought in £693 million. Fuel costs increased by 7% to £625 million. Bookings for the fourth quarter are up with 69% sold, 1% higher than the previous year. EasyJet's share price rose up to 9% after the announcement.