Hospitality & Tourism November 2016
Published: Dec 07, 2016
- It is expected that Ryanair will start to fly from Frankfurt in the Spring of 2017 with flights to many Spanish tourist areas.
- Profits at airline giant Ryanair grew 7% in the 6 months to September 2017. Revenue rose by 2% and now stands at €4.13bn. Michael O’Leary commented that the revised upwards growth of the company means that they need “to raise our long-term traffic forecast by over 10% to 200 million passengers per annum by March 2024”.
- Wow Air is planning to fly 4 times a week from Cork to Reykjavik from May 2016. Irish passengers can then connect onwards to many US or Canadian cities, including Pittsburgh and Montreal.
- Aer Lingus will increase significantly its long-haul capacity by 22% in 2017 as it opens a Dublin to Miami service, amongst other new routes to the USA for Summer 2017.
- Passenger numbers at Dublin Airport increased by 9% in October. This was compared with the same month in 2015. Transatlantic passengers grew by 291,000 (26%) for the same period.
- Lufthansa are launching a new service from Shannon Airport to Frankfurt from April 2017. The service will currently only operate on Saturday’s between end April to end October.
- The Irish aircraft lessor, SMBC Capital Aviation has seen its revenues soar by 19%. They reported assets worth $9.6bn in September.
- Lough Eske Castle reported that RevPAR have increased 10% for the 2015 financial year whilst at the same time reporting a €376,017 pre-tax loss.
- Lufthansa was force to cancel 1,700 flights over 2 days due to a strike by pilots. The strike is part of a long-running feud regarding pay. In the previous week in November, 2,800 flights were cancelled over 4 days due to the same issue. It is now the 14th walkout in the continuing dispute.
Minister for Housing Eoghan Murphy has laid out plans to help first-time buyers purchase a home.&n...
Australia: 55 Irish companies flew to Australia to pitch their products to the country in November...
UK: the IMF predicts global growth this year and 2019 to be 3.9%, the biggest expansion since 2011...