According to the report issued by CVC Corp, the first quarter of the year was positive in several respects. Among other things, the number of passengers on board, which reached 1.9 million. The company expects changes in its sales mix in the coming quarters due to several factors. Check it out:
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A CVC Corp. launched the report on financial results for the first quarter of 2022, highlighting several positive indicators. Although the comparison is made in relation to the results of the first half of last year, when the tourism market faced the negative effects of almost a year of coronavirus pandemic, the results highlighted in the report are positive news.
According to CVC, the first quarter of 2022 saw a strong increase in several indicators compared to the same period last year, such as bookings consumed, number of passengers boarded, confirmed bookings for domestic destinations in Brazil, corporate segment performance and results. on the Argentine market.
Also worth mentioning is the number of passengers on board, which amounted to 1.9 million in the first three months of 2022, an increase of 15.2% in the last 12 months. In terms of reserves consumed, the increase was almost 118%. CVC considers that the growth in the first quarter of 2022 is remarkable for domestic and international destinations, including Argentina, and with a strong acceleration in March and April.
The company reports that it is continuing to work to speed up the scheduling of departures, using the balance of open travel appropriations, which at the end of the quarter amounted to another R1 651.2 million, a reduction of 14.4% compared to the previous quarter. .
CVC Corp. believes that the decrease in the number of infected and the reduction in the number of deaths due to Covid-19, added to the opening of the borders of countries with higher tourist potential, will continue to stimulate the use of credit balances for rescheduling travel.
In terms of confirmed bookings, the company recorded a 110.5% increase in the first quarter of this year compared to 2021, as a result of the recovery in sales in recent months, benefiting from the decrease in the effects of Covid-19. and increasing the route network.
Although with negative results (down 7.8%) in bookings compared to the fourth quarter of 2021, reflecting the temporary suspension of the cruise season and the effect of the Ômicron variant, there was a 63% increase in bookings for domestic destinations and 139.1. % in confirmed bookings in the B2B segment, reflecting the increase in sales of air products, stronger sales for companies and large groups, as well as the increase in the average ticket.
The tourism market is growing again
The official CVC note shows that the Tourism sector grew by 29% in the first two months of 2022 compared to the same period in 2021, according to data published in the IBGE Monthly Services Survey (PMS), with an increase determined by the segments of air passenger transport, hotels, car rental, restaurants and public road passenger transport and catering services.
Also taking into account the bimonthly calculation, the PMS tourism activity index also increased by 28.7% in February 2022, compared to the same month of 2021, which is the 11th positive rate in a row. However, despite the accumulated growth, the sector is still 10.9% below the level of February 2020, before the Covid-19 pandemic.
In Argentina, the indicators are still relevant and solid, with the increase in confirmed bookings, demonstrating the consolidation of tourism in the country and the results of the relaxation of travel restriction measures.
The CEO’s opinion
“Deliveries in 2021 were extraordinary factors for us to continue the results visible in the 1Q22 quarterly balance sheet. With the recovery of the economy and the presentation of our new positioning focused on technology and digitalization, we are focused on achieving more and more positive values for the business and to grow exponentially in the market “, explains Leonel Andrade, CEO of CVC Corp, in -an official note. sent by e-mail to DIÁRIO.
“Improving technology solutions focused on travel and increasing focus on a frictionless experience with fully navigable and extremely user-friendly platforms for travelers at any time of their journey demonstrates our goal of outperforming our high-tech customers.” and assert. experiences “, continues the executive.
“In addition, in the year in which the CVC brand turns 50, we will have several actions aimed at this, in addition to increasing the offers of exclusive flights, with about 250 thousand seats in the next 12 months – only for Porto Seguro there over 290 exclusive flights. With the restyling of the CVC brand, in addition to CRM and Dynamic Pricing improvements, plus new partnerships such as renting cars with Iupp points and accumulating points in vehicle rental, we are optimistic about the prevalence of promising results for the coming months and throughout the year. 2022 ”, concludes the CEO of CVC Corp.
The report points out that the resumption of international travel throughout 2022, boosted by the increase in the supply of seats for airlines, added to other factors such as restrictions on financing travel to Argentina (which has a positive effect on spending), expanding the supply of flights / products and the growth rate of CVC Corp’s business units may see changes in the sales mix in the coming quarters.
To learn more, visit CVC Corp.