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B-Travel to be Held in June With the Aim to Reactivate Spanish Tourism Sector
from May 2021
B-Travel , the show specializing in experience tourism returns, from 11 to 13 June, with an edition that aims to contribute to the reactivation of the Spanish tourism sector, an industry especially affected by the effects of the pandemic and fundamental to the economy. The event, part of the resumption of the face-to-face activity of Fira de Barcelona, will bring together a wide range of the best local, regional, national and international destinations in the Palau 8 of the Montjuïc fairgrounds.
Under the motto Reactiva-T, the show organized by Fira de Barcelona will have a unique edition with a format adapted to the current situation, and with all the security measures, which will promote local and sustainable tourism. With the aim of guaranteeing the safety of operators, exhibitors and visitors, the prevention and safety protocol against the Covid-19 that Fira de Barcelona has developed will be applied to B-Travel 2021, with the advice of the Hospital Barcelona Clinic. The trade fair has also received the international Safe Travels seal awarded by the World Travel and Tourism Council (WTTC). The president of the organizing committee, Martí Sarrate, pointed out "the importance of holding this event in the current circumstances to respond to the need of the tourism sector to have a commercial and outreach platform such as B-Travel" and highlighted the role of the show as "an essential catalyst to promote the activity of all the agents that make up national tourism.”
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For her part, the director of the show, Marta Serra, stated that “the organization has worked closely with all sectoral representatives, from companies to travel agencies, through national and international promotion bodies, to design an event that is useful for their interests and attractive to the visitor, with more desire than ever to travel again.
Starting from May 21, Washington, DC fully reopens for in-person meetings, conventions, trade shows, groups and special events. The hospitality alliance, comprised of Destination DC (DDC), the official destination marketing organization for Washington, DC, Events DC, the Hotel Association of Washington, D.C. and Restaurant Association Metropolitan Washington, is leading an industry-wide effort to support customers meeting in the nation's capital. The Still Connected approach is twofold: first, is a focus on health standards, and second is a focus on DC's exclusive benefits that facilitate commerce thriving in the city.
“After more than a year of navigating the pandemic together, it's clear that nothing replaces face-to-face meetings. As a city, we take protective measures against COVID-19 seriously, and beyond that, meeting in Washington, DC provides many benefits,” said Elliott L. Ferguson, II, president and CEO, DDC. “DC is walkable and accessible, and our hospitality partners across venues and event spaces, restaurants and hotels are dedicated to providing an experience that will lead to client success.”
“This year has tested our resilience and demonstrated the incredible strength of our community,” said Greg O'Dell, president and CEO of Events DC. “As we emerge from the pandemic, we know there is a pent-up demand for travel and a return to word-class meeting and event experiences in Washington, DC. We've spent the last year implementing the latest health and safety protocols to position Events DC as an industry leader and to put the safety of our guests and staff as our highest priority for reopening.” Events DC, operators of the Walter E. Washington Convention Center, has created a comprehensive plan focused on cleanliness and health. Because of the dedicated efforts, the center, along with other Events DC venues, was awarded GBAC STAR™ certification.
Hyve Announces Financial Results For The Six Months To 31st March 2021
Robust nancial position after further insurance proceeds and ongoing cost management Ran 12 in-person events in H1 despite the ongoing disruption caused by COVID-19 Strong customer rollovers reect pent-up demand for market leading events Well positioned to emerge from the pandemic a stronger business with an omnichannel strategy
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ark Shashoua, CEO of Hyve Group plc, commented:
Hyve is focused on emerging from the pandemic a stronger business, with a robust financial platform and strategy in place to meet pent-up event demand, while accelerating our omnichannel offering. Since the outbreak of COVID19 we have secured insurance proceeds totalling £84.9m, achieved cost savings above our projections and ensured we have sufficient liquidity to make the most of the opportunity in front of us as markets begin to reopen.
“Having run events in Russia, Ukraine, China, Turkey and India in H1, we are optimistic that events in Western economies will run in the second half, in line with our modelled scenarios. Continued customer rollover for Western events provides confidence in the pent-up demand for market leading in-person events, which Hyve is well positioned to serve.
“COVID-19 has provided Hyve an opportunity to reset, renew and evolve. We are enhancing our already market leading in-person events by significantly building out our capability to deliver bespoke facilitated meetings programmes at a number of our events in FY22. Our qualityfocused portfolio is optimally positioned to deliver an even greater return on time and money for our customers than before the pandemic.
“We continue to evolve our omnichannel strategy, enabling us to strengthen our existing brands, monetise online events and offer customers multiple opportunities to learn, network and trade throughout the year. Our recent acquisition of Retail Meetup is tracking ahead of expectations, demonstrating a successful monetisable model for future virtual Meetup events. With the speed of vaccine rollouts providing optimism and the strong liquidity headroom we have created, we enter the second half with the right talent, portfolio and omnichannel strategy to meet pent-up demand now and into Fy22.”
Ÿ £10.4m revenue (2020: £90.6m) reflects multiple lockdowns across our geographies Ÿ Headline profit before tax £27.6m (2020: £19.4m) Ÿ This is after including £49.0m of insurance proceeds5 in respect of cancelled events. The income from insurance proceeds is recognised when confirmed, not in the period in which results from the cancelled events would have been recognised had they taken place.
Ÿ Statutory profit before tax of £18.7m (2020: loss of £168.7m)
Ÿ Adjusted net debt reduced to £92.4m (2020: £157.2m) following continued cost control, rights issue in May 2020 raising £126.6m and the receipt of insurance claims to date
