Balearic Islands

Lionsgate Capital: Navigating the Spanish Real Estate Market as an English Investor

Retrieved on: 
Thursday, August 24, 2023

Economic Landscape: The financial disparity between Spanish and UK mortgages is noteworthy and advantageous for potential investors.

Key Points: 
  • Economic Landscape: The financial disparity between Spanish and UK mortgages is noteworthy and advantageous for potential investors.
  • Several factors contribute to this disparity:
    Inflation Rates: The UK has with a higher inflation rate than Spain, leading to elevated interest rates.
  • In conclusion, as the Spanish property market continues its upward trajectory, Lionsgate Capital remains steadfast in its commitment to guiding its clients toward lucrative and informed investment decisions in this vibrant landscape.
  • For those considering a property investment in Spain, we invite you to calculate your Spanish mortgage with its easy-to-use tool.

This Week in Travel News: 10 Stories You Need to See

Retrieved on: 
Friday, August 11, 2023

NEW YORK, Aug. 11, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the travel industry stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.

Key Points: 
  • Guests will be able to order on Grubhub via geolocation and QR codes around each property that take them directly to the Grubhub Marketplace.
  • The hotel location and courier drop-off instructions will automatically populate at checkout for ease of use.
  • In addition to these popular releases, several must-read earnings reports crossed the wire this week, including the quarterly results for SeaWorld , Gogo , and Choice Hotels .
  • Related Resources: Read and subscribe to our journalist- and blogger-focused blog, Beyond Bylines , for media news roundups, writing tips, upcoming events, and more.

Dufry retains all relevant business in Spain, expanding floorspace by more than 30%

Retrieved on: 
Thursday, July 27, 2023

In line with Aena’s tender process, the awarded company must have presented the best technical proposals and economic offers, and with Dufry winning five of the six lots, the company confirms its global leadership in travel retail and travel F&B.

Key Points: 
  • In line with Aena’s tender process, the awarded company must have presented the best technical proposals and economic offers, and with Dufry winning five of the six lots, the company confirms its global leadership in travel retail and travel F&B.
  • Importantly, the new contracts will be accretive to our profitability and cash flow, in line with our business development strategy and our commitment provided to the market.
  • As a company, we are pleased to continue our significant and longstanding partnership with Aena, and we remain thankful for their trust and commitment as we travel together.
  • The proficiency required in bringing ‘hybrid’ concepts to life, prominent in Aena’s tender, underlines the power in Dufry’s recent combination with leading global food & beverage operator, Autogrill.

Early elections in Spain: The socialists' risky bet against the rising power of the right

Retrieved on: 
Thursday, July 20, 2023

Two questions will keep analysts busy until well after the election.

Key Points: 
  • Two questions will keep analysts busy until well after the election.
  • First, will it be possible to form a government supported by a stable majority in parliament?

From regional and municipal elections to general elections

    • The parties in the Spanish governing coalition suffered a historic defeat in the May 28 regional and municipal elections.
    • Before the regional elections, these two parties led five and nine regions, respectively.
    • The PP, for its part, absorbed Ciudadanos, a right-wing party whose centrist turn was obviously a failure and who gave up running in the general elections.
    • Vox, for its part, has made significant progress compared to previous regional and municipal elections, and holds the balance of power in five regions won by the PP.

Democracy against the far right?

    • In 2019, he called early elections in November, after being elected a minority during the April election.
    • He hopes to dampen the conservative momentum in the hope that the PP and Vox will run out of a majority.
    • In the May 28 elections, the PP and Vox won 38.68 per cent of the vote, which, in the general election, would result in 160 seats, far from the 176 needed for a parliamentary majority.

The left bets on unity

    • The election campaign coincides with negotiations on the formation of coalitions to govern the autonomous regions.
    • In order to better deal with the threat posed by the far right, the left is committed to unity.
    • Political forces to the left of the PSOE rallied in a new party, Sumar, led by outgoing Labour Minister Yolanda Díaz.

The right hesitates, then assumes its alliances

    • To counter the socialist call to block the far right, Feijóo’s PP adjusted its strategy.
    • He first called on Vox to let his party govern the regions where he came out on top without making concessions to the far right.

The left has few allies

    • This change of course reflects a persistent problem for the PP: in a fragmented party system, the right has few potential allies in parliament, deeming alliances with the Basque and Catalan nationalist parties illegitimate.
    • To those who ask him about the risks of a coalition with Vox, Feijóo passes the ball back to Sánchez with what many see as a false equivalence.

Voter turnout, a key element for socialists

    • Voter turnout will be a key element of socialist success, but elections held in the summer tend to demobilize the electorate, which risks benefiting the right.
    • In this context, Sánchez wants to force his opponent to debate, while Feijóo is happy with a weak engagement of the electorate.

Calculated risk?

    • For now, polls show the PP winning, but a coalition with Vox may not be enough to give it a majority.
    • Under the circumstances, Sánchez clings to the hope of staying in power despite the expected victory of the PP.

Travel Startup Yovivo Expands Core Team With New Staff Members

Retrieved on: 
Friday, June 9, 2023

ROTTERDAM, Netherlands, June 09, 2023 (GLOBE NEWSWIRE) -- Growing startup Yovivo.com today announced its latest team expansion with the addition of two key members from the travel and real estate industries.

Key Points: 
  • ROTTERDAM, Netherlands, June 09, 2023 (GLOBE NEWSWIRE) -- Growing startup Yovivo.com today announced its latest team expansion with the addition of two key members from the travel and real estate industries.
  • Karen Kochmann has been taken on by Yovivo in the position of Strategic Growth Manager.
  • “I plan to developing strategic partnerships which will help Yovivo grow and position itself as a leading brand for extended stays.
  • Ms. Kochmann’s appointment as Strategic Growth Manager follows closely behind the addition of Erik Beekman to the Yovivo team.

**EMBARGOED UNTIL JUNE 5, 2023** Basbas, the Spirit of Ibiza, Opens Reservations for Limited Release of Highly Anticipated Batch 003

Retrieved on: 
Tuesday, May 30, 2023

MIAMI, May 30, 2023 /PRNewswire/ -- Basbas, the leading lower-ABV herbal spirit from Ibiza, today announced the highly anticipated launch of its Batch 003.

Key Points: 
  • MIAMI, May 30, 2023 /PRNewswire/ -- Basbas, the leading lower-ABV herbal spirit from Ibiza, today announced the highly anticipated launch of its Batch 003.
  • Following the success of its first two releases, Basbas is offering the first 300 bottles of this release by reservation only.
  • We believe Batch 003 will be a testament to that continuing tradition."
  • Its email list has grown to tens of thousands as customers eagerly await Batch 003.

Club Med, the Pioneer of the All-Inclusive Concept, Aims To Become The Most Desirable Lifestyle Vacation Brand

Retrieved on: 
Tuesday, April 4, 2023

MIAMI, April 4, 2023 /PRNewswire/ -- Today marks a new chapter for Club Med, the pioneer of the all-inclusive concept with beach and mountain resorts worldwide, with the announcement of its all-new refreshed and modernized brand identity. Taking inspiration from the original Club Med philosophy – creating simple moments of happiness – the iconic lifestyle brand shares details about its evolution into providing a more premium, family-friendly, and eco-conscious experience. Continuing its strong ambition to be the most desirable lifestyle vacation brand, Club Med also shares details about its ongoing corporate social responsibility initiatives.

Key Points: 
  • Continuing its strong ambition to be the most desirable lifestyle vacation brand, Club Med also shares details about its ongoing corporate social responsibility initiatives.
  • The slogan renews and reaffirms the optimistic embrace of life that Club Med is famed for: the art of living a happy life.
  • Green Globe re-certification for Club Med Michès Playa Esmeralda, Club Med Punta Cana (reaching gold status with 5 consecutive years of certification), Club Med Turkoise, Club Med Ixtapa Pacific, Club Med Cancún, Club Med Québec with a new certification planned for Club Med Columbus this year.
  • Turtle monitoring and protection program in Club Med Ixtapa, which has saved more than 13,000 baby turtles in the past year.

EQS-News: MARKTE STUDY MALLORCA PROPERTIES: PRICES INCREASE BY 10.9 PERCENT 

Retrieved on: 
Friday, March 3, 2023

For the ninth time the properties offered by the largest real estate agents in Mallorca were recorded, manually validated and statistically evaluated.

Key Points: 
  • For the ninth time the properties offered by the largest real estate agents in Mallorca were recorded, manually validated and statistically evaluated.
  • Compared to last year's study prices have increased more rapidly after the previous rise of 4.5 percent, and the experts do not foresee an end to this trend on the Balearic islands.
  • Mallorca real estate remains stable in value: prices have been rising significantly faster than inflation since 2015
    CRES has been studying property prices on Mallorca since 2015.
  • Porta Mallorquina Real Estate presents the 9th edition of the annual market study "Mallorca Holiday Property Market".

Global Real Estate Brokerage The Agency Launches First Office in Mallorca, Spain

Retrieved on: 
Wednesday, February 22, 2023

LOS ANGELES, Feb. 22, 2023 /PRNewswire-PRWeb/ -- Global real estate brokerage The Agency proudly announces the launch of its new franchise office in Mallorca, Spain. The new locale is the firm's third office in Europe, following Lisbon, Portugal and The Netherlands. The office joins the brokerage's growing network of more than 70 offices in the U.S., Canada, Mexico, the Caribbean, and Europe. The Mallorca office will be led by industry veteran and Managing Partner, Alby Euesden.

Key Points: 
  • LOS ANGELES, Feb. 22, 2023 /PRNewswire-PRWeb/ -- Global real estate brokerage The Agency proudly announces the launch of its new franchise office in Mallorca, Spain.
  • The Agency is an agent-first, tech-driven boutique luxury global brokerage representing clients worldwide in a broad spectrum of classes, including residential, new development, resort real estate, luxury leasing and vacation rentals.
  • The Agency has closed more than $57 billion real estate transactions since 2011, comprising over 70 offices in ten countries, and counting, as one of the fastest-growing boutique, luxury real estate brands in the world.
  • Watch The Agency on Buying Beverly Hills, a new real estate occu-soap highlighting the high-stakes world of luxury real estate in Los Angeles, currently streaming on Netflix.

Eco Wave Power wins the Prestigious Innovation Award by the Port Authority of the Balearic Islands for its Planned Wave Energy Installation at Port Adriano, Spain

Retrieved on: 
Monday, December 12, 2022

This award has been granted in continuity to the Concession Agreement, that was entered in April 2022, between Eco Wave Power and Port Adriano for the construction of a wave energy power project of up to 2 MW, in the Port's premises.

Key Points: 
  • This award has been granted in continuity to the Concession Agreement, that was entered in April 2022, between Eco Wave Power and Port Adriano for the construction of a wave energy power project of up to 2 MW, in the Port's premises.
  • Isabel Teruel, Director of Operations of Port Adriano, pointed out that Port Adriano is proud to win the Innovation Award for Eco Wave Power's upcoming project and shared her desire to see other ports introducing Eco Wave Power's technology as well.
  • Teruel also explained that the Eco Wave Power project is expected to produce clean energy in much higher capacities than solar panels and has assured that the Eco Wave Power's pilot in Port Adriano opens the way for application of the Eco Wave Power's wave energy technology in other port facilities.
  • Eco Wave Power is a leading onshore wave energy technology company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity.