"},"content":{"rendered":"[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]<\/p>\n
<\/p>\n
Myhotelmatch<\/strong>, the travel agency specializing in luxury tourism, last week published encouraging 2022 results<\/strong> after the “blank year” of 2021, with no sales.<\/p>\n <\/p>\n “Buoyed by the momentum of its operating subsidiaries”<\/em> of bespoke luxury services (concierge, travel, events, etc.) integrated in July 2022, the group achieved sales of 7.8 million euros in 2022<\/strong>, benefiting from a “particularly buoyant”<\/em> luxury market.<\/p>\n <\/p>\n Myhotelmatch had cash and cash equivalents of 1.4 million euros<\/strong> at December 31, 2022, while net debt stood at 3.5 million euros.<\/strong> Operating income before non-recurring items, however, has fallen from a positive 11,000 euros in 2021 to a deficit of 801,000 euros in 2022.<\/strong><\/p>\n <\/p>\n Following the publication of a net loss of 571,000 euros for the 2022<\/strong> financial year, compared with losses of 11,000 euros<\/strong> in 2021, Myhotelmatch shares fell by 11.68% to 0.024 euros.<\/strong><\/p>\n <\/p>\n For 2023, the group expects “a further increase in revenues thanks to its bespoke luxury services activities”<\/em>. A first version of the app will be available for download from the App Store and Google Play<\/strong> in the third quarter of 2023. It will offer customers luxury stays “in perfect harmony with their expectations and needs, so that their trips are always a success”.<\/em><\/p>\n <\/p>\n <\/p>\n Luxury travel is an enriching experience that combines prized destinations, serene luxury accommodations, convenient travel and a regal travel experience<\/strong>. Luxury travel can be divided into several categories: adventures and safaris, cruises, rail travel, culinary and shopping trips, personalized and private vacations, and celebrations. Among age groups, the baby boomer<\/strong> segment held a dominant position in the market in 2022, followed by the millennials<\/strong> and Generation X<\/strong> segments, due to the increase in disposable income in the age group.<\/p>\n <\/p>\n The global luxury travel market, estimated at US$1.1 trillion in 2022<\/strong>, is expected to reach a revised scope of US$2.3 trillion by 2030<\/strong>, with a compound annual growth rate (CAGR) of 9%<\/strong> over the analysis period 2022-2030. The U.S. luxury travel market is estimated at $308.5 billion in 2022.<\/strong> China, the world’s second-largest economy, is expected to reach a market size of $499.4 billion by 2030<\/strong>, with a CAGR of 12.8%<\/strong> over the 2022-2030 period.<\/p>\n <\/p>\n What’s more, the growing adoption of digital media<\/strong> has simplified the processes involved in the luxury travel industry. Reservations can be confirmed via apps or online websites, and payments made via any online payment method<\/strong>. Social media platforms are useful for customers and sellers alike. Travelers and sellers constantly keep abreast of the latest trends in luxury travel on their smartphones, laptops and tablets.<\/p>\n <\/p>\n <\/p>\n Read also >Tourism: Saudi Arabia to record figures in 2023<\/a><\/p>\n Featured photo : \u00a9 Luxury tourism[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n Myhotelmatch<\/strong>, the travel agency specializing in luxury tourism, last week published encouraging 2022 results<\/strong> after the “blank year” of 2021, with no sales.<\/p>\n <\/p>\n “Buoyed by the momentum of its operating subsidiaries”<\/em> of bespoke luxury services (concierge, travel, events, etc.) integrated in July 2022, the group achieved sales of 7.8 million euros in 2022<\/strong>, benefiting from a “particularly buoyant”<\/em> luxury market.<\/p>\n <\/p>\n Myhotelmatch had cash and cash equivalents of 1.4 million euros<\/strong> at December 31, 2022, while net debt stood at 3.5 million euros.<\/strong> Operating income before non-recurring items, however, has fallen from a positive 11,000 euros in 2021 to a deficit of 801,000 euros in 2022.<\/strong><\/p>\n <\/p>\n Following the publication of a net loss of 571,000 euros for the 2022<\/strong> financial year, compared with losses of 11,000 euros<\/strong> in 2021, Myhotelmatch shares fell by 11.68% to 0.024 euros.<\/strong><\/p>\n <\/p>\n For 2023, the group expects “a further increase in revenues thanks to its bespoke luxury services activities”<\/em>. A first version of the app will be available for download from the App Store and Google Play<\/strong> in the third quarter of 2023. It will offer customers luxury stays “in perfect harmony with their expectations and needs, so that their trips are always a success”.<\/em><\/p>\n <\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\nA growing sector<\/h2>\n
<\/h4>\n
Last week, travel agency Myhotelmatch published figures showing that business is set to pick up again in 2022 and early 2023, testifying to the health of the luxury tourism sector.<\/h4>\n
<\/h4>\n
A growing sector<\/h2>\n