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Avolta, a Swiss travel retailer, has seen its H1 sales rise by 5.7%

Avolta, the Swiss travel and F&B retailer, reported on Thursday a 5.7% increase in its first-half organic turnover. The company attributed this to a resilient performance fueled by increased passenger traffic and higher spending per traveler.

The company's core turnover was 6.61 billion Swiss Francs ($8.13billion), up from 6.34 francs the year before.

Basel-based firm also confirms its mid-term and full-year targets.

In a press release, Chief Executive Xavier Rossinyol said, "We are pleased with the performance over the first half of the year, particularly with the softer background in North America and the challenges in the Middle East."

U.S. consumer trust declined in June as a result of rising concerns about job security and economic uncertainties linked to tariffs. It has caused consumers to hesitate when making large purchases. However, vacation plans – especially international travel – remain unaffected. Travel spending is resilient, especially in the U.S., despite tougher comparisons year-over-year and cautious consumer behavior. Vontobel believes that any stabilization of domestic travel trends in the second quarter will likely boost sentiment.

Analysts are optimistic about Avolta. Avolta's mid-term goals are still considered achievable thanks to its solid execution thus far. Although consumers are reducing their spending on major purchases, they continue to be willing to spend money on travel and other services. This reflects a nuanced approach marked by caution rather than retreat.

Basel-based company reported that performance in North America remained largely the same as the previous year due to a decline in passenger traffic in the United States. ($1 = 0.8131 Swiss francs)

(source: Reuters)