Distribución y Revenue Management

🏠 In Spain, tourist accommodation capacity has grown with the rise of vacation rentals, surpassing hotel capacity in 27 provinces. For every hotel bed, there are about 1.27 vacation rental beds. Hotel stays hit 363.6 million in 2023, a 4.9% increase from the previous year, with 14,613 hotels offering 1.57 million beds, up by 2.5%. Vacation rentals reached nearly 400,000, offering 1.99 million beds, up by 14%. Alicante leads with 3.05 vacation rental beds for each hotel bed.

🏨 Global hotel stays hit nearly 5,000 million in 2024, a 102 million increase from 2023. Madrid, along with London, New York, San Francisco, Singapore, and Tokyo, attracts high hotel investment interest. In 2025, luxury assets and selective service sectors will be preferred in the hotel industry. Hotel platform acquisitions to prevail as global supply is set to grow only by 2%. India and Saudi Arabia are emerging as influential travel markets, with Saudi Arabia aiming for a 780% increase in tourists through projects like Diriyah Gate and NEOM.

💐 Turismo rural reaches 74% occupancy for San Valentín weekend, led by Andalucía at 71%. Granada tops provinces with 83%, followed by Ávila (82%), Zamora (80%), and Teruel (71%). Canarias shows a 57% occupancy, while Escapadarural reports a national average at 34%. Asetur notes a slight increase to a 32% national average, with Canarias leading at 90%. Holidu's Paula Martínez highlights the trend towards special getaways to celebrate love.

🏠 The 5-star establishment located on Playa de Muro will now be known as Sarena de Muro Resort Mallorca, part of Destination by Hyatt. Hyatt announced last year the asset would carry its brand, but the exact opening date and renovation details, including the name change, were not yet disclosed. The comprehensive transformation aims to offer an even more exclusive and comfortable experience. Notable improvements include an upgraded main restaurant with sea views, two terraces, and a more welcoming à la carte restaurant with a private terrace. Additionally, the lobby bar will be relocated near the reception with a large bar and terrace. Enhancements to the reception area feature improved lighting and optimized sea views. The hall has been fully redesigned with new furniture and finishes. Rooms and bathrooms will undergo a complete overhaul with new finishes, facilities, and exterior carpentry. Spa facilities will also be renovated with new treatment rooms. Sarena de Muro Resort Mallorca is set to open in June.

🏖 The Ministry of Industry and Tourism and the Valencian Community have allocated €7.15 million for tourism projects in areas affected by the DANA event on October 29. The funds are designated for climate change adaptation, early warning systems, waterway adjustments, and flood prevention measures. Three new direct aid actions have been created: €2.86 million for preventive measures and infrastructure recovery; €2.145 million for greenways and recreational areas; and another €2.145 million for urban environment improvements post-DANA.

🏠 International tourists spent €126.282 billion in Spain in 2024, a 16.1% increase from the previous year, with the UK leading at €22.602 billion (13.5% up), followed by Germany (€15.527 billion, 17.6% up), and France (€11.014 billion, 13.1% up). The top spending countries were the UK, Germany, France, Italy, and Nordic countries, accounting for half of the tourism expenditure. The UK also had the highest daily spending rate at €176.

📍 Volotea aims to replace Ryanair at airports where the Irish low-cost carrier is cutting seats. CEO Carlos Muñoz indicates readiness to cover routes left by Ryanair, mentioning Santander, Jerez, or Asturias. Volotea, critical of Aena's incentive model, reports its best annual results: revenue of €811 million (up 17%), Ebitda of €148 million (up 54%), and an operating profit (Ebit) of €35 million, a significant increase from the previous year's €2.9 million. However, the airline's net result wasn't disclosed after a 2023 loss of €97.5 million, marking its fifth year of negative balances.

📈 Open Revenue Consulting and Torres Hospitality Consulting announced the Global Revenue Forum's arrival in Madrid during FITUR dates. The event will occur on June 4, with nearly 150 top professionals in hotel Revenue, Marketing, and Profitability gathered to welcome it. The forum, Europe's largest in these fields, is also held in London, Stockholm, and Milan, with plans to expand to Madrid, Amsterdam, and Paris in 2025, drawing nearly 2,000 professionals across locations. The Madrid event will feature talks, interviews, and networking opportunities, with attendees choosing which live or streamed presentations to join.

🌍 Santorini faced earthquakes since January 24, leading to a 5% drop in hotel bookings. An emergency was declared by the Greek government until March 3. The UK issued travel warnings. Over 11,000 people evacuated Santorini. Hyatt Hotels plans to purchase Playa Hotels & Resorts for $2.6 billion, aiming to strengthen all-inclusive offers in Mexico, the Dominican Republic, and Jamaica; the deal is set to close by end of 2025. Barceló Hotel Group topped Spanish hotel chains with 91 owned properties, surpassing Riu Hotels with 87. Hoteles Globales owns 100% of its 54 hotels.

🏖️ TUI's Holiday Experiences segment led the Q1 growth with an €81.7M increase in underlying EBIT, totaling €196.2M. Hoteles & Resorts EBIT rose by 65.8%, while Cruceros' EBIT grew by 39.6%, and TUI Musement improved by 78.5% in EBIT. Passenger count reached 3.7 million, a 6% increase, with dynamic package bookings up by 18%. The company expects annual revenue to grow by 5-10% and EBIT by 7-10%. Net debt is stable at €4.1 billion, and TUI has sold 32% of its high-season program for summer 2025.