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The Seychelles Tourism Board and trade partners ready for the Italian Market

October 9, 2019 by PressEditor

The Seychelles Tourism Board (STB) and trade partners prepare for the 56th edition of the TTG Travel Experience in Italy, Fiera di Rimini, which runs from October 9, 2019 until October 11, 2019.

The Seychelles delegation, headed by STB Chief Executive Mrs. Sherin, will also consist of the presence of STB Director for Italy, Turkey, Greece and the Mediterranean, Ms. Monette Rose with the support of a team from the Italy office and a representative from Headquarters.

The team will be accompanied by trade partners from Seychelles including 7° South, AVANI Barbarons Seychelles Resort, Berjaya Resorts Seychelles, Creole Travel Services, Hilton Seychelles Resorts, Savoy Resort & Spa and Coral Strand Smart Choice, all present at the trade event to market their services as the Tourism Board team will be selling the destination.

Speaking of the upcoming three-day event and interest of the STB to be present Ms. Monette Rose mentioned the opportunity for the destination representatives and its partners to network with key industry players and understand the recent developments and trends on the Italian market.

On her part, Mrs. Francis stressed that the participation at the TTG Travel Experience in Italy is the extension of the STB team’s presence in Europe.

“We are anticipating to extend our impact on the Italian market as much as we did in France last week, we are very much eager to keep our Italian counterparts updated with the destination and what makes us unique,” said the STB Chief Executive.

TTG Travel Experience is Italy’s most important business-to-business International Tourism Exhibition, and the travel industry’s leading event for doing business, innovating and keeping up to date.

MEDIA CONTACT: STB News Bureau, Tel: +248 4 671 354 / +248 4 671 313, [email protected]  www.seychelles.travel

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Filed Under: Travel & Tourism Tagged With: Italian, Italian market, Italy, partners, Seychelles, tourism, travel experience

Italian Exhibition Group (IEG): at TTG Travel Experience (Italy)

September 18, 2019 by PressEditor

Award-winning chefs and wild journeys feature for an unforgettable edition

Wanted: unforgettable travel under the banner of sport, wellness, food service, hospitality and local areas. This is what visitors to Rimini expo centre in Italy will find at the 56th TTG Travel Experience, being held byItalian Exhibition Group (IEG), from 9th to 11th October, simultaneously with SIA Hospitality Design and Sun Beach & Outdoor Style.

TTG Travel Experience is the most important Italian B2B expo on tourism: ranging from vacation products to the hospitality sector, outdoor and beach facilities, and able to attract the entire Travel Industry supply chain.

TTG Travel Experience features three macro expo areas: Italia, absolutely the world’s top showcase of everything Italy’s regions offer tourists; Global Village, with a growth in the participation of European destinations; and The World, with an ample representation of countries in America and Asia.

There will also be the inauguration of the Eatexperience (Explore, taste, enjoy) and Be Active (Adventure, Sport, Wellness) exhibitions for trade members interested in providing gourmet, innovative and travelling tourism solutions in Italy [223 million euros were spent in 2017 by foreign tourists on food and wine tourism in Italy, 70% more than 2013 (Source: Enit)]; whereas in 2016, 18.6% of the foreign tourists stated that sport was the motivation of their vacations (Source: CST).

In the Eatexperience area, preparations are under way for a multitude of scheduled events, starting with the one with the Gualtiero Marchesi Foundation, which will present the world tour of Marchesi cuisine, from Chicago to Tokyo and the major European capitals (Paris, London  and Berlin), as well as the Lake Como case history by exceptional guest Andrea Berton, award-winning chef and disciple of Gualtiero Marchesi; Le strategie globali nel turismo gastronomico e del vino (Global strategies in gastronomic and wine tourism) by Luiss Guido Carli, plus the meeting on how people’s search for gastronomic experiences will change in the hyper food world, presented by means of the analysis of Industry Vision IEG.

For information, go to en.ttgexpo.it.

FOCUS ON: TTG TRAVEL EXPERIENCE – SIA HOSPITALITY DESIGN – SUN BEACH&OUTDOOR STYLE

Classification: international expos; Organizer: Italian Exhibition Group SpA; frequency: annual; edition: 56th TTG, 68th SIA, 37th Sun; admittance: trade visitors only; tickets: free, on invitation; hours: 10:00 am – 6:00 pm (last day 10:00 am – 5:00 pm); Exhibitions Italy Director: Patrizia Cecchi; exhibitor info: tel. +39 02 806892; e-mail: [email protected]; Web sites: www.ttgexpo.it  #TTG19 – www.siaexpo.it #SIA19 – www.sunexpo.it #SUN19 – #THINKFUTURE

Italian Exhibition Group Press Contacts:

Press Office Manager: Marco Forcellini

International Press Office Coordinator: Silvia Giorgi
[email protected]
P. +39-0541-744814  

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Filed Under: Travel & Tourism Tagged With: BB, Italian, Italy, SIA, travel experience, Travelling, ttg

Italian Exhibition Group: Board of Directors approves half-yearly financial report

August 27, 2019 by PressEditor

The Board of Directors of Italian Exhibition Group S.p.A (IEG), a company listed last June on the Milan Stock Exchange organized and managed by Borsa Italiana S.p.A., approved, on today’s date, the half-yearly financial report as at June 30, 2019.

Main consolidated results in the first half of 2019

The total revenues of the IEG Group amounted to € 99,932 thousand, growth of 29.3% over the € 77,309 thousand in the same period of the previous year. This result augments the significant growth already recorded at the end of 2018 (+ 22% over the previous year) and confirms IEG’s ability in development and integration projects.

EBITDA1 , following the application of IFRS 16, which generated a positive effect of approximately € 1.9 million, and EBIT reached € 26,575 thousand and € 17,691 thousand respectively, growth compared to the 2018 values, which did not reflect the effects of IFRS 16, which stood at € 17,039 and € 11,801 thousand respectively.

Without taking account of the effects of the aforementioned accounting standard, EBITDA1 and EBIT therefore recorded increases of + 44.8% and + 49.6% compared to the same period in the previous year, also confirming the further strengthening in the ability to manage operating costs and stabilise the efficiencies already achieved in the second part of the previous year.

The Group’s net result, albeit feeling the effects of the higher financial management expenses due to the application of IFRS 16 amounting to € 330 thousand and other expenses connected to the figurative payables from put options, stood at € 10,679 thousand, growth of 40.2% compared to € 7,618 thousand in the first half of 2018.

As at June 30th, 2019, the net cash financial situation, therefore without taking into account the higher payables of roughly € 32 million as a result of IFRS 16, financial payables for any future put options of € 15.8 million and derivative financial instruments for € 5.9 million, totalled € 66.5 million compared to € 66.9 million as at June 30th, 2018 and € 49.2 million as at December 31st, 2018. The latter increase is due primarily to the changes in Net Working Capital resulting from the seasonal cycle (around € 4.6 million), investments (€ 5.7 million) and the distribution of ordinary dividends which took place in May (€ 5.6 million).

The consolidated shareholders’ equity as at June 30th, 2019 came to approximately € 105.2 million, compared to € 102.5 million as at December 31st, 2018.

Results by business segment in the first half of 2019

The significant growth in revenues in the period derives from the positive results achieved by each business line and the increase of roughly € 22.6 million compared to the same period of the previous year is due to both the purely organic growth (up € 7.4 million equal to + 9.6%) and the change in the scope of consolidation. The latter takes account, for an amount of around € 15.2 million, of the revenues resulting from the acquisitions of stand fitting activities carried out last year (FB international in the US in March and Prostand – Colorcom in Italy in September 2018) and the arithmetic sum (with balance close to zero) of multiyear events or held in a different half from that of the previous year.

In particular, the Group’s “core business”, comprised of the direct organisation of trade show events, accounted for 53.7% of total revenues during the half, and recorded an increase of 6.6% compared to the previous year. This increase is attributable to the main leading products in the “Food & Beverage” and “Jewellery & Fashion” categories. The seasonal nature of the trade show calendar has a negligible impact and relates, in particular, to the Koinè event (biennial event in odd years) in February 2019.

The Convention Events business line, which accounts for 7.6% of total Group revenues, recorded an increase of 26% (up € 1.6 million) compared to the first half of 2018, thanks to the holding of larger conventions in terms of the number of participants, convention areas used and additional services required.

Revenues from related services, such as stand fitting activities, catering and cleaning, account for 35.2% of the Group’s total revenues and essentially doubled compared to the first half of the previous year (+97.8%). The growth in the revenues from catering services, driven by the development of trade show events organised and the management of new activities, was augmented by the higher revenues recorded in the event preparation services segment as a result of the already mentioned acquisitions.

Business outlook

The results achieved by IEG in the first half, although it should be noted that trade show and convention event activities are highly seasonal in nature, with the subsequent difficulty in comparing the various quarters of the year with one another, confirm the success of the organisational and management decisions made by the Company and allow the management to confirm the planned consolidation and growth objectives.

The Corporate Officer responsible for drafting the company’s accounting documents, Roberto Bondioli, hereby declares, pursuant to paragraph 2 of art. 154-bis of the Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the documentary results, the books and the accounting records.

The Half-yearly Financial Report as at June 30th, 2019, approved on today’s date by the Board of Directors of Italian Exhibition Group S.p.A., will be made available, together with the Independent Auditors’ Report, on the Company’s website www.iegexpo.it in the Investor Relations Section, as well as in the company’s registered office and on the authorised storage system 1INFO Storage available at the address www.1info.it managed by 1INFO – Computershare S.p.A. – Via Lorenzo Mascheroni 19, 20145 Milan.

The results of the first half of 2019 will be illustrated in a conference call with the Financial Community set for today at 17.30 (CET). The presentation will be available in the Investor Relations section of the website www.iegexpo.it from 17.15.

FOCUS ON ITALIAN EXHIBITION GROUP SPA

Italian Exhibition Group (IEG), listed on the Milan Stock Exchange organized and managed by Borsa Italiana S.p.A., is the Italian leader in the organization of trade expos and one of the main players in Europe in the expo and conference sector, with its venues in Rimini and Vicenza. The IEG Group stands out for the organization of events in five categories: Food & Beverage; Jewellery & Fashion; Tourism, Hospitality & Lifestyle; Wellness, Sports and Leisure; Green & Technology. In recent years, IEG has launched an important process of foreign expansion, also by means of joint ventures inked with local players (e.g. in the United States, Arab Emirates and China). IEG ended the 2018 financial year with a total consolidated turnover of 159.7 million euros, an EBITDA of 30.8 million and a net consolidated profit of 10.8 million euros. In 2018, IEG held an overall total of 53 exhibitions organized or hosted and 181 conferences events in its Rimini and Vicenza expo and conference venues.

MEDIA CONTACT: ITALIAN EXHIBITION GROUP S.P.A. Investor Relator Roberto Bondioli |[email protected] | +39 0541 744642 Press Contact Elisabetta Vitali |Head of media relations & corporate communication | [email protected] | +39 0541 744228

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Filed Under: Travel & Tourism Tagged With: directors, IEG Group, Italian, Italian Exhibition Group, million, results, €

Italian debutants showcase fresh ideas at WTM London 2019

August 22, 2019 by PressEditor

Six exhibitors from Italy will make their debut at WTM London 2019 – the event where ideas arrive – showcasing new destinations, cutting-edge technology and fresh touring inspiration.

They include Heart of the Dolomites – a new tourist board promoting digital-detox holidays in the mountainous region of northern Italy – and inbound tour operator TUO Travel, which plans to unveil new partnerships and excursions at WTM.

Other new Italian exhibitors are Air Home Restaurant, a start-up peer-to-peer website, offering the chance to book social foodie experiences around the world, such as cooking shows, tastings and meals.

Accommodation specialists exhibiting for the first time are Espogest, a Rome-based hotel company, and Hotel Carlyle – a stylish, modern four-star property which is a 15-minute walk from the centre of Milan.

The sixth new exhibitor is Grimaldi Euromed, which operates passenger ferries between Greece and Italy and across the Mediterranean. Part of the Grimaldi Group – a multinational logistics giant – the ferry firm has installed ‘mega batteries’ on two cruise ferries which means there will be zero emissions during short port visits.

Emma Taveri – Chief Executive of Destination Makers, which manages marketing for Heart of the Dolomites – said the region features “amazing” mountains and year-round activities that range from the chilled – such as mountaintop sunrise yoga – to adrenaline sports, including zip-lining, snow-sports and mountain climbing.

“We are designing a completely new way of experiencing our mountains with no technology and total mind-and-soul recharging experiences,” she said.

“We are exhibiting at WTM London to position Heart of the Dolomites as the ideal destination to ‘recharge in nature’, both in winter and summer.”

Reflecting WTM London’s ethos of generating new ideas and fresh thinking, the tourist board recently ran a contest called Recharge in Nature which received more than 19,000 applications from across the world.  

Carlo Nocella, TUO Travel’s Sales and Product Manager, said the company is busy working on announcements for WTM London, such as partnerships with luxury hotels and resorts.

The DMC will also unveil luxury private tours of Italy featuring accommodation in prestigious five-star city-centre hotels, plus upmarket excursions such as helicopter trips, luxury boat trips on Italy’s lakes, and exclusive access to art museums and secret gardens.

Furthermore, TUO Travel is developing products in scenic southern regions such as Calabria – the ‘toe’ of Italy – and Apulia, which forms the ‘heel’ of Italy’s ‘boot’.

Echoing WTM London’s mantra of ‘Ideas Arrive Here’, he said: “The aim during WTM is to meet the most important luxury travel professionals, travel designers and tour operators.

“WTM London is a formidable marketplace. It is the key event of the year where TUO Travel can showcase its best opportunities and products that will create the perfect Italian trip.”

Simon Press, Exhibition Director WTM London, added: “Italian exhibitors have long been great supporters of WTM, and it is encouraging to see so many new companies joining us from Italy, ranging from innovative start-ups to long-established multinationals that are leading the way in sustainability.

“They recognise how WTM can provide an unparalleled platform to publicise their products to new and existing business partners from around the world.”

Heart of the Dolomites: Stand EU50

TUO Travel: Stand EU200

Air Home Restaurant: Stand EU42

Hotel Carlyle: Stand EU64

Grimaldi Euromed: Stand EU30

Espogest: Stand EU34

eTN is a media partner for WTM London. 

About World Travel Market

World Travel Market (WTM) portfolio comprises seven leading B2B events across four continents, generating more than $7 billion of industry deals.

WTM London, the leading global event for the travel industry, is the must-attend three-day exhibition for the worldwide travel and tourism industry. About 50,000 senior travel industry professionals, government ministers and international media visit ExCeL London every November, generating about £3.4 billion in travel industry contracts.

Next event: Monday 4 – Wednesday 6 November 2019 – London #IdeasArriveHere

About Reed Exhibitions

Reed Exhibitions is the world’s leading events business, enhancing the power of face-to-face through data and digital tools at more than 500 events a year, in more than 43 countries, attracting more than seven million participants. Reed’s events are held in the Americas, Europe, Asia Pacific and Africa and organised by 41 fully staffed offices. Reed Exhibitions serves 43 industry sectors with trade and consumer events. It is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.

About Reed Travel Exhibitions

Reed Travel Exhibitions is the world’s leading travel and tourism event’s organiser with a growing portfolio of more than 22 international travel and tourism trade events in Europe, the Americas, Asia, the Middle East and Africa. Our events are market leaders in their sectors, whether they are global and regional leisure travel trade events, or specialist events for meetings, incentives, conference, events (MICE) industry, business travel, luxury travel, travel technology as well as golf, spa and ski travel. We have more than 35 years’ experience in organising world-leading travel exhibitions.

Media Contacts:

Julia Newbound – WTM Portfolio Press & PR Lead

E: [email protected]

T: +44 (0)20 8910 7056 / M: +44 (0)7775 036 858

Nicole Smart – WTM Portfolio PR and Events Assistant

E: [email protected]

T: +44 (0)20 8910 7032/ M: +44 (0)79 1955 5510

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Filed Under: Travel & Tourism Tagged With: dmc, Italian, London, seven, Tours, WTM, wtm london

Go Global Travel completes three additional acquisitions of B2B accommodation providers

July 25, 2019 by PressEditor

· Go Global Travel welcomes Olympia Europe (UK) and two Italian based companies into its family
· Go Global Travel successfully concluded the integration of last year’s acquisitions in Poland, Romania and South Korea

Go Global Travel Ltd. (“Go Global”), a leading global B2B travel technology and accommodation provider, announced today the acquisition of three B2B accommodation providers including Olympia Europe, UK based hotel wholesaler, and two Italian companies. These transactions follow the successful integration of three acquisitions completed in the past year.

Olympia Europe is an established player in the B2B hotel industry with direct relationships with over 50,000 hotels across the USA, Europe and the Middle East. The experienced management teams of all three acquisitions will join Go Global Travel and continue to expand their local operations.

Go Global is a leading travel technology company offering an innovative booking accommodation platform for B2B clients. Go Global is a global company with 13 multilingual offices around the globe which provide 24/7 local language customer service. The recent acquisitions will expand Go Global’s presence with 3 new offices in Italy and the UK. Go Global Travel is a portfolio company of funds advised by Apax Partners.

Commenting on the acquisitions, Ophir Ben-Ezra, CEO of Go Global, said: “These acquisitions reflect our strategy of solidifying our leading position in local markets and enhancing our service and product for the travel agents. Our M&A activity complements our robust organic growth and positions us to become the provider of choice for travel agents. I am also thrilled to welcome to the Go Global family the experienced management teams of all three acquired companies.”

MEDIA CONTACT: Go Global Travel, Ltd., +972 3 6126191, [email protected]

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Filed Under: Travel & Tourism Tagged With: BB, CEO, Global, Italian, providers, UK

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