Today, EVT announced a full year result which included a record result for the Hotels division and a solid Thredbo result considering the worst winter weather conditions for nearly 20 years. As expected, the Entertainment division was challenged by the interruption of films released due to Hollywood strikes but was agile and effective in managing the short-term impact. EVT continued to invest for growth whilst transforming to mitigate cost pressures. Unallocated expenses were down on prior year and below pre-COVID on an underlying basis.The EVT property portfolio is valued at $2.3bn and the balance sheet is strong, positioning the Group for growth. A fully franked final dividend of 20 cents per share was announced. Read the full announcement here: https://lnkd.in/gm-e2ptW
EVT - Entertainment | Ventures | Travel’s Post
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In my STR business, I've learned that understanding seasonality is a game-changer for generating revenue and profits. Have you noticed the same in your rental ventures? #airbnbexperience #airbnb #airbnbhomes #airbnbrooms #airbnbstays #airbnbaccommodation #airbnbexperiencehost #rentalhouse #vacationplanning #realestateinvesting #vacationhome #kitchnerontario #ontario
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Flex Flight is dedicated to providing luxury and efficiency in private air travel. Their fractional ownership program allows clients to purchase a share of an aircraft, granting access to a predetermined number of flight hours annually while Flex Flight manages all operational aspects, from maintenance to scheduling. Capitalizing on Market Opportunities The private aviation industry in the Middle East, North Africa, and India is booming, with a projected CAGR of 8.4% from 2021 to 2026. Flex Flight is perfectly positioned to tap into this expanding market, driven by rising high-net-worth individuals and increasing demand for personalized air travel. The Challenge: High Stakes and High Expectations Launching a fractional ownership program in private aviation is no small feat. It requires a deep understanding of the market, a meticulous business plan, and strategic execution. Flex Flight needed to present a compelling case to investors, highlighting the program’s potential to revolutionize luxury air travel in the region. Enter Divocate. Flex Flight had a bold vision but needed a clear, compelling investment narrative and strategic plan to attract investors. They aimed to launch an innovative fractional ownership program in a market poised for rapid growth. This is where Divocate came in, ready to transform Flex Flight’s ambitious vision into a tangible success story. At Divocate, we don’t merely enhance business strategies; we dive deep to ensure they are investor-ready and bulletproof. For Flex Flight, our role was multifaceted: Market Analysis and Positioning: We conducted an in-depth analysis of the private aviation market, identifying key opportunities and potential challenges. This informed Flex Flight’s strategic positioning, ensuring they were primed to capture their target market. Innovative Marketing Strategies: Understanding the need for unique marketing approaches, we devised unconventional strategies to generate interest and drive adoption. From partnerships with luxury brands to exclusive event sponsorships, we positioned Flex Flight as the premier choice for fractional ownership. Risk Mitigation and Exit Strategies: We identified potential risks and crafted mitigation strategies to safeguard the business. Additionally, we outlined clear exit strategies for investors, offering a roadmap for secure and profitable disinvestment. The Takeaway: Turning Vision into Reality Flex Flight’s journey from a bold idea to a market leader in private aviation is a testament to the power of strategic planning and expert guidance. At Divocate, we are proud to be part of this transformation, ensuring every detail is meticulously planned and executed. #investment #Divocate #FundraisingConsulting #FundraisingStrategy #StartupFunding #FundraisingExpert #MENAFundraisng #MENAStartup
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Helping Founders Navigate Early Stage Fundraising Rounds | Serial Entrepreneur | Business Development | B2B Marketing | Sales Management
Flex Flight’s fractional ownership program really took off, and so did my understanding of the luxury market! ✈️💼 Crafting the program's charter, strategy, and financial model was no light task, but every detail was meticulously designed to make sure this venture soared to new heights. Private aviation in the MENA and Indian markets is booming, and helping Flex Flight tap into that potential was both a thrilling and eye-opening journey. Who knew navigating the skies of private aviation would reveal such a world of opportunity and luxury 😅 #PrivateAviation #LuxuryMarket #FractionalOwnership #StrategicPlanning #Divocate
Flex Flight is dedicated to providing luxury and efficiency in private air travel. Their fractional ownership program allows clients to purchase a share of an aircraft, granting access to a predetermined number of flight hours annually while Flex Flight manages all operational aspects, from maintenance to scheduling. Capitalizing on Market Opportunities The private aviation industry in the Middle East, North Africa, and India is booming, with a projected CAGR of 8.4% from 2021 to 2026. Flex Flight is perfectly positioned to tap into this expanding market, driven by rising high-net-worth individuals and increasing demand for personalized air travel. The Challenge: High Stakes and High Expectations Launching a fractional ownership program in private aviation is no small feat. It requires a deep understanding of the market, a meticulous business plan, and strategic execution. Flex Flight needed to present a compelling case to investors, highlighting the program’s potential to revolutionize luxury air travel in the region. Enter Divocate. Flex Flight had a bold vision but needed a clear, compelling investment narrative and strategic plan to attract investors. They aimed to launch an innovative fractional ownership program in a market poised for rapid growth. This is where Divocate came in, ready to transform Flex Flight’s ambitious vision into a tangible success story. At Divocate, we don’t merely enhance business strategies; we dive deep to ensure they are investor-ready and bulletproof. For Flex Flight, our role was multifaceted: Market Analysis and Positioning: We conducted an in-depth analysis of the private aviation market, identifying key opportunities and potential challenges. This informed Flex Flight’s strategic positioning, ensuring they were primed to capture their target market. Innovative Marketing Strategies: Understanding the need for unique marketing approaches, we devised unconventional strategies to generate interest and drive adoption. From partnerships with luxury brands to exclusive event sponsorships, we positioned Flex Flight as the premier choice for fractional ownership. Risk Mitigation and Exit Strategies: We identified potential risks and crafted mitigation strategies to safeguard the business. Additionally, we outlined clear exit strategies for investors, offering a roadmap for secure and profitable disinvestment. The Takeaway: Turning Vision into Reality Flex Flight’s journey from a bold idea to a market leader in private aviation is a testament to the power of strategic planning and expert guidance. At Divocate, we are proud to be part of this transformation, ensuring every detail is meticulously planned and executed. #investment #Divocate #FundraisingConsulting #FundraisingStrategy #StartupFunding #FundraisingExpert #MENAFundraisng #MENAStartup
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Title: The Promising Path of Avatar Airlines: Why Early Investment is a Smart Move Introduction: In the ever-evolving landscape of the aviation industry, one promising contender has emerged - Avatar Airlines. With its ambitious vision, disruptive business model, and a team of seasoned professionals, becoming an early investor in Avatar Airlines presents a golden opportunity to reap substantial rewards. 1. A Revolutionary Business Model: Avatar Airlines is poised to revolutionize the way we travel by introducing a unique business model that challenges the status quo. By offering ultra-low-cost fares, the airline aims to democratize air travel, making it accessible to a wider range of consumers. This disruptive approach has the potential to capture a significant market share, particularly among budget-conscious travelers, ultimately translating into lucrative returns for early investors. 2. A Strong Leadership Team: Behind the success of any venture lies a competent and visionary leadership team. Avatar Airlines boasts a roster of industry veterans and aviation experts who possess a deep understanding of the market dynamics and have a track record of success. With their extensive experience and expertise, investors can be confident that their funds are being entrusted to capable hands, increasing the chances of a prosperous outcome. 3. Exploiting Niche Market Opportunities: The airline industry is vast, and Avatar Airlines recognizes the untapped potential within specific niche markets. By focusing on underserved regions and routes, the airline can establish a dominant presence and enjoy a first-mover advantage. Early investors in Avatar Airlines can tap into these unexplored markets, enjoying higher profitability as the airline expands its network and captures market share. 4. A Sustainable and Efficient Fleet: In a world increasingly aware of environmental concerns, Avatar Airlines stands out as an eco-conscious player. The airline plans to operate a modern fleet of fuel-efficient aircraft, reducing carbon emissions and contributing to a greener future. Given the growing consumer preference for environmentally responsible companies, investing in Avatar Airlines aligns with ethical considerations, further enhancing the company's long-term prospects. 5. Timing and Market Potential: Timing is crucial when it comes to investing, and the aviation industry is showing signs of a strong recovery from the global pandemic. As travel restrictions ease and demands skyrocket, Avatar Airlines is strategically positioned to capitalize on the pent-up wanderlust. By investing early, individuals can take advantage of the projected surge in air travel demand, maximizing potential returns on their investment. Conclusion: Early investors have the chance to get the enormous benefits from this unique startup prior to any public offering. https://lnkd.in/eVJNyKnx
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We’ve announced a major change in PLAY’s strategy, focusing more on strong leisure markets from Iceland and reducing our emphasis on connecting passengers between North America and Europe. This shift comes after disappointing yields on our transatlantic routes, particularly in 2024, as the North American market evolves with longer-range narrowbody aircraft and increased supply. Our point-to-point routes, mainly between Iceland and Southern Europe, have been profitable and popular, so we are reducing capacity on our North Atlantic routes through 2025. Around mid year 2025 we will see these changes come into action where we will decrease capacity in our North Ameirca destinations and put more emphasis on leisure destinations in Southern Europe. PLAY will also begin operating part of its fleet outside of Iceland, starting with GlobalX in Miami this November. We’ve applied for a Maltese AOC, with plans to base aircraft in Tenerife by spring 2025. Following these changes, we expect to operate 6-7 aircraft under our Icelandic AOC and 3-4 under the Maltese AOC. PLAY’s financial position remains stable, but our 2024 EBIT is expected to be lower than last year due to greater-than-expected transatlantic capacity this summer. We will share more details in our Q3 presentation on Thursday, October 24, at 4 p.m. in Sykursalur, Gróska. You can read more here about this change:
PLAY Airlines Business Model Adjusted and Earnings Below Expectations | News | PLAY airlines
flyplay.com
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An interesting change in transatlantic market dynamics: faced with low profitability resulting from competitors’ 2024 capacity growth, PLAY airlines has decided to reduce its via-Iceland transatlantic connecting business and focus more on European leisure flying, including setting up a Maltese AOC to enable intra-EU flying.
We’ve announced a major change in PLAY’s strategy, focusing more on strong leisure markets from Iceland and reducing our emphasis on connecting passengers between North America and Europe. This shift comes after disappointing yields on our transatlantic routes, particularly in 2024, as the North American market evolves with longer-range narrowbody aircraft and increased supply. Our point-to-point routes, mainly between Iceland and Southern Europe, have been profitable and popular, so we are reducing capacity on our North Atlantic routes through 2025. Around mid year 2025 we will see these changes come into action where we will decrease capacity in our North Ameirca destinations and put more emphasis on leisure destinations in Southern Europe. PLAY will also begin operating part of its fleet outside of Iceland, starting with GlobalX in Miami this November. We’ve applied for a Maltese AOC, with plans to base aircraft in Tenerife by spring 2025. Following these changes, we expect to operate 6-7 aircraft under our Icelandic AOC and 3-4 under the Maltese AOC. PLAY’s financial position remains stable, but our 2024 EBIT is expected to be lower than last year due to greater-than-expected transatlantic capacity this summer. We will share more details in our Q3 presentation on Thursday, October 24, at 4 p.m. in Sykursalur, Gróska. You can read more here about this change:
PLAY Airlines Business Model Adjusted and Earnings Below Expectations | News | PLAY airlines
flyplay.com
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🙌 Today, we are excited to announce the acquisition of Travel Technology Interactive, a leading Passenger Service System (PSS) company. This is a major entrepreneurial milestone for us and a crucial step toward our vision of revolutionizing airline operations👇 When we started CitizenPlane with Alexis Ohayon Charles Rajjou and Côme Courteault, our focus was on filling the 20% of plane seats that go unsold every year. We quickly realized that airline distribution was not working well, burdened by outdated legacy software. Our first step was to simplify the distribution process, making it easier for organizations to sell their unsold tickets online. As we continued to grow, we recognized that airlines don’t just need better distribution, they need modern software solutions for all their operations, from booking to flying their planes, to effectively meet the challenges of today’s market. Acquiring TTI is a key move in executing this vision. TTI PSS technology will serve as the backbone of our platform, enabling us to provide airlines with the modern tools they need to drive more revenue, enhance profitability, and deliver a better client experience. This acquisition represents a significant entrepreneurial leap, involving complex challenges like valuation, investment structuring, delisting a listed company and welcoming two new associate Grégoire Echalier and Arnaud Peyroche 👋 But most importantly, it’s about our commitment to innovation and to the nearly 120 team members who work tirelessly to make travel more accessible and efficient. We are excited about the opportunities this creates for our airline partners. Together, we can reshape the future of air travel, making it not only more efficient but also more responsive to the needs of travelers. We’re just getting started, and the future looks promising 🛫
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Hey everyone, I’ve been thinking a lot about the values that guide my business. They're like my compass, helping me navigate every decision. What are your core values for your business or ventures? #airbnbexperience #airbnb #airbnbhomes #airbnbrooms #airbnbstays #airbnbaccommodation #airbnbexperiencehost #rentalhouse #vacationplanning #realestateinvesting #vacationhome #kitchnerontario #ontario
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With consumer habits shifting and the demand for premium and luxury travel growing rapidly the airline industry is struggling to keep up. This is where Unum Aircraft Seating, our new portfolio company, has entered the market to provide a much-needed boost in innovation and capacity for the business class seating sector through its smart, adaptable, and reliable design. Cracking #Sustainability is core to the future of the airline industry, but something that is integral to Unum’s seating design. Airline seats constitute 10% of an aircraft’s operating weight, with the average business class seat weighing in at 110kg, far more than the passenger that sits in it. Unum’s seats cut that number by 30%, lowering the industry’s fuel costs and emissions, whilst also improving on comfort with leading edge contemporary design. Led by Chris Brady, we’re excited to have invested in this exceptional team following a period of sustained #growth for the business. We look forward to seeing Unum seats appearing across all leading airlines in the coming years. Check out the full piece in Tech.eu here: https://lnkd.in/ez6txExq #VC #Growth #Innovation
Unum Aircraft Seating raises £3.5M for lighter, more sustainable aircraft business seats
tech.eu
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As one of Australia’s fastest growing developers of luxury over-50s lifestyle resorts, GemLife recognised they needed to overhaul their existing fleet operations to help prepare for scale. GemLife’s Financial Controller, Kishan Ramjeet said, “Management of the light commercial fleet was identified as a part of the business where we could become more efficient. We knew what improvements could be made, but needed a system to centralise the data, help streamline operations and ensure proper workflow between teams and the drivers and also set up GPS in vehicles.” Their fleet operations are now streamlined with a centralised system for all their fleet needs. Many departments at GemLife are now using the system daily, including finance, fleet and administration teams. Read more here – https://lnkd.in/gHei-e_h #GemLife #CaseStudy #FleetManagement #LBMFleet
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2moCongratulations on an outstanding year and kudos to the entire team for driving these remarkable achievements. Here's to continued success and growth in the future!