CVC Corp served 1.9 million passengers in the first quarter, the report said.

According to a report published by CVC Corp, the first quarter of the year was positive in several aspects. Including the number of passengers on board, which reached 1.9 million people. The company foresees the possibility of changing the sales structure in the coming quarters due to several factors. Check:

DT EDITION with agencies

BUT CVC Corporation released a report with financial results for the first quarter of 2022, highlighting several positive indicators. While the comparison is based on the results of the first half of last year, when the travel market was hit hard by the almost year-long coronavirus pandemic, the results in the report are positive news.

According to CVC, the first quarter of 2022 saw a significant increase in several metrics compared to the same period last year, such as the number of bookings, the number of passengers boarded, confirmed bookings for domestic flights to Brazil, the efficiency of the corporate segment and the results obtained. , in the Argentine market.

Worth mentioning is the number of passengers on board, which was 1.9 million in the first three months of 2022, up 15.2% over the past 12 months. In terms of used reserves, the increase was almost 118%. CVC sees Q1 2022 growth as strong for domestic and international destinations, including Argentina, with strong acceleration in March and April.

The company says it continues to work on accelerating flight planning, thus leveraging its open travel credit balance, which was still R651.2 million at the end of the quarter, down 14.4% from the previous quarter. .

CVC Corp believes that the decline in the number of infections and the reduction in the number of deaths due to Covid-19, combined with the opening of the borders of countries with great tourism potential, will continue to encourage the use of credit balances to reschedule travel.

In terms of confirmed bookings, the company increased by 110.5% in Q1 this year compared to 2021 as a result of a recovery in sales over the past few months, helped by the mitigation of the effects of Covid-19. and growth of the route network.

Despite negative results (down 7.8%) on bookings compared to the fourth quarter of 2021, reflecting the temporary suspension of the cruise season and the impact of the Ômicron option, domestic bookings increased by 63% and 139.1. % of B2B Bookings Confirmed, reflecting growth in aviation product sales, stronger corporate and group sales, and an increase in average check.

The tourism market is growing again

The CVC press release highlights that the tourism sector recorded a 29% growth in the first two months of 2022 compared to the same period in 2021, according to data published in the BIGS Monthly Service Review (PMS), with growth driven by the passenger air travel segment. , hotels, car rental, restaurants and collective road transport of passengers and catering services.

Still taking into account the two-month calculation, the PMS tourism activity index also showed an increase of 28.7% in February 2022 compared to the same month in 2021, which represents the 11th consecutive positive indicator. However, despite the cumulative growth, the sector is still 10.9% below its February 2020 level, before the Covid-19 pandemic.

In Argentina, the figures are still relevant and stable, with an increase in confirmed bookings indicating a strengthening of tourism in the country and the results of an easing of travel restrictions.

CEO’s opinion

“Shipments in 2021 provided us with a great incentive to continue the results seen in the 1Q 2022 balance sheet. With this economic recovery and the presentation of our new positioning focused on technology and digitalization, we are focused on achieving increasingly positive business values ​​and exponential growth in the market,” explains CVC Corp CEO Leonel Andrade in a white paper. sent by e-mail to the editors of DIÁRIO.

“The improvement in travel-centric technology solutions and the increasing focus on a seamless experience with fully navigable and highly traveler-friendly platforms at any point in the journey they are on demonstrates our goal to outdo ourselves in offering high-tech and assertive customers. experience,” continues the leader.

“In addition, in the year that the CVC brand celebrates its 50th anniversary, we will have several actions aimed at this, in addition to increasing the exclusive flight offers, about 250,000 seats in the next 12 months – only for Porto Seguro. over 290 exclusive flights. With a restyle of the CVC brand, as well as improvements to CRM and dynamic pricing, and new partnerships such as car rental with Iupp points and car rental points accrual, we are optimistic that promising results will prevail in the coming months and throughout 2022 of the year,” concludes the CEO of CVC Corp.

Possible reflexes

The report highlights that the resumption of international travel throughout 2022, spurred by an increase in airline seating, has been added to other factors such as travel funding restrictions in Argentina (positive for spending), expansion of exclusive flights/products, and growth rate business units of CVC Corp. may lead to changes in the structure of sales in the coming quarters.

For more information visit the website CVC Corp.

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