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🏨 María Frontera, President of the Hotel Business Federation of Mallorca (FEHM), highlights the United Kingdom's recovery from recession and the need to strengthen family tourism, the tour operation model, and desestacionalización. At World Travel Market (WTM), she noted increased arrivals in February, March, and April, but pre-pandemic figures haven't been reached. The British market, third in spending growth at 25% since 2019, is now averaging €197.51 per person per day, up 9% from 2023. Despite a 6% drop in occupancy this summer, the sector is aiming to extend the hotel season; 30% of hotels to open in February and 50% in March next year. Investment over €3 billion repositioned hotel assets between 2015 and 2022, with 4 and 5-star establishments now representing 70% of the offer. Hotel employment reached 500,000 workers in the sector this year, with wages increasing 33.6% in the past decade, outpacing the Consumer Price Index (CPI) by 10 points.

🏕️ The World Travel Market, a tourism fair in London, is designed for buyers and sellers to meet and trade. Spanish regions attend to attract tourists, yet Baleares, having reached its tourist limit, raises questions about its participation. The event incurs high costs ultimately borne by the Govern, even indirectly. Despite claims of not wanting more tourists, travel to the fair continues, possibly to ensure only the essential number of tourists will visit.

🏨 The Hotel Hub will take place on November 14 at H10 Croma Málaga, gathering hospitality industry leaders to discuss challenges and technological solutions. Organized by Hotelverse, Mirai, Noray, Civitfun, Eisi Soft, BEONx, with AEHCOS collaboration, it aims to boost innovation and sustainability in tourism accommodations. Starting at 09:00, the program offers advanced technology solutions, operational efficiency, and sustainability success stories. This event, previously held in Palma and Tenerife, provides a knowledge and idea exchange platform for hoteliers adapting to digitalization and sustainability demands. Registration is available on the event's website or through organizing entities.

📈 A well-structured budget in the hotel industry, crucial for financial control and exceptional guest experiences, is essential for navigating market variations and technological advancements. Key components include estimated revenues, daily expenses, renovations, emergency funds, and revenue analysis by area. Effective budget strategies involve team collaboration, seasonal adjustments, guest experience innovations, regular reviews, and sustainability practices, which can reduce operational costs through energy-saving technologies. Successful hotels demonstrate that strategic budgeting during off-peak seasons for renovations can enhance guest experiences and increase high-season revenues. ????

✈ IAG, parent of Iberia and Vueling, is eyeing full control to strengthen its European market position. The Portuguese government intends to keep 51% of TAP Air Portugal, countering IAG's expectations. Portugal's privatization of TAP is set to begin in the first half of 2025, with sale conditions to be finalized by December this year. Air France-KLM and Lufthansa are also potential buyers, having recently acquired SAS and ITA Airways.

🏆 Hyatt Hotels Corporation's RevPAR in Europe soared 15% during Q3, fueled by the Paris Olympics, with a 3% global growth and an expected 4% rise for the year. Room supply increased by 4.3% to around 135,000 with 210 managed or franchised establishments, up 8.9%. The company now has 275 hotels, 22 more than last year. Net profit hit $471 million, with adjusted net earnings at €96 million. Full-year forecasts include a net profit between €1.4 billion and €1.45 billion, and adjusted EBITDA between €1.1 billion and €1.12 billion.

🌍 In Valencia, since October 29th, hotels have provided hundreds of rooms for emergency teams and those left homeless by the DANA impact. Hosbec implemented a database for hoteliers to update room availability, with over 500 rooms arranged in the last 48 hours. The collaboration with the Tourism Council ensures constant communication and a coordinated response. Establishments have also offered kitchens for preparing meals for emergency personnel and affected individuals.

🏨 Spanish hotel chains have surpassed pre-pandemic revenue levels in 2023, averaging a 27% increase according to data from 81 companies. Room00 Hotels & Hostels saw a 640% revenue increase from €5 million in 2019 to €37 million in 2023, including acquiring competitor Bluesock in 2022 and aiming for 100 establishments by 2027. Ignacio Requena, CEO, leads this expansion, including international moves into Italy. Air Arabia Maroc launched two new routes between Spain and Morocco in October 2024, adding to its 14 routes connecting the countries.

✈ Iberia recently announced the reception of the world's first A321XLR, and Airbus released a video of the aircraft's final touches. The video includes the painting process and the design of the Spanish airline's livery. The A321XLR, with a range of up to 4,700 nautical miles, boasts 30% less fuel consumption and CO2 emissions compared to previous generation aircraft. Iberia plans to use this aircraft to fly from Madrid to Boston thrice weekly starting the second half of November, and to Washington DC six times a week from January 15, 2025.

🏨 Tourist volume in Spain reached a record year in 2023, with hotel stays by 112 million travelers, 3% higher than 2019, and overnight stays totaling 346.5 million, up 1%. Average revenue growth of 27% was reported by 81 hotel chains, with Room00 Hotels & Hostels and Hoteles Bestprice among those expanding significantly, by 640% and 251.25% respectively. Nine hotel chains have not yet recovered their pre-pandemic revenue, including Meliá Hotels International and Grupo Piñero (Bahia Principe Hotels & Resorts).